#MyCOSTrade 🚨 *Beware of P2P Scams on Binance!* 🚨
P2P trading on Binance is super convenient, but scammers are getting smarter every year. Here’s what’s trending in 2025 and how you can stay safe:
1. *Fake Payment Proofs*: Scammers send edited screenshots or fake bank receipts to trick you into releasing crypto before the money actually arrives.
2. *Payment Reversals*: After you release crypto, the buyer reverses the payment through their bank, leaving you with nothing.
3. *Third-Party Payments*: Payments from accounts not matching the buyer’s name can lead to frozen bank accounts or disputes.
4. *Phishing & Impersonation*: Scammers might pretend to be Binance support or lure you to chat off-platform (like WhatsApp), where you’re not protected.
5. *Micro-Transaction Trust Scams*: They build trust with small trades, then scam you on a bigger one—often moving the deal off Binance.
*How to protect yourself:*
- Always confirm payments in your actual bank app, not just by SMS or screenshots.
- Only accept payments from the buyer’s verified account.
- Never take conversations off Binance.
- Use Binance’s dispute system if anything feels off.
Stay sharp, trade smart, and protect your crypto! 💪
Have you ever faced a scam or seen a suspicious offer on Binance P2P? Share your story below!