🚨How to Avoid P2P Scams on Binance – Full Safety Guide

P2P trading on Binance allows users to buy and sell crypto directly, but it also attracts scammers. Here’s how to trade safely and avoid fraud.

Common P2P Scams to Watch For

Fake Payment Proof

Scammers send photoshopped receipts or fake bank transfer screenshots.

Solution: Always check your bank/PayPal account directly—never release crypto based on screenshots alone.

Solution: Avoid reversible payment methods. Use bank transfers only where possible.

Account Takeover (ATO) Fraud

Scammers use stolen bank accounts to pay, leaving you liable when the real owner disputes.

Solution: If a buyer refuses to verify identity via Binance chat, cancel the trade.

Fake "Binance Support" Scams

Fraudsters impersonate Binance admins, asking for your funds or login details.

Solution: Never share your password/2FA. Binance staff will never DM you first.

Price Manipulation

Some traders list fake rates to lure victims into unfair deals.

Solution: Always check current market price before locking in a trade.

✅ How to Stay Safe in Binance P2P

Before Trading:

✔ Check the Seller’s Reputation

Only trade with high-rated merchants (95%+ positive feedback).

Avoid new accounts with low trade volume.

✔ Use Binance Escrow

Never trade outside Binance’s system—no WhatsApp/Telegram deals.

✔ Agree on Payment Method in Chat

Confirm exact details (bank name, account number) before releasing crypto.

During the Trade:

✔ Wait for Real Money in Your Account

Do not release crypto until funds are 100% confirmed in your bank/PayPal.

✔ Record Everything

Take screenshots of chat & payment proof in case of disputes.

After the Trade:

✔ Report Suspicious Buyers/Sellers

If scammed, contact Binance Support immediately with evidence.

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