🔍 What Is a P2P Scam?
P2P (Peer-to-Peer) trading allows users to buy and sell crypto directly with each other, often with localized payment methods. While convenient, this open interaction makes it a target for scammers posing as buyers or sellers.
🕵️♂️ Common Types of P2P Scams
1. Fake Payment Confirmation
The scammer sends a fake screenshot of a payment and pressures you to release the crypto. Always check your bank or wallet independently.
2. Reversed Transactions
Some users initiate a transaction, receive the crypto, and then reverse or dispute the payment. Only release funds after the money is confirmed and irreversible.
3. Third-Party Payments
A scammer asks someone else to pay you (often unknowingly). This can lead to legal trouble and account freezing.
🛡️ How to Protect Yourself
1. Use Escrow: Only trade on platforms like Binance P2P that provide an escrow service.
2. Avoid External Chat Apps: Keep all communication within the Binance app.
3. Verify Payment Source: Make sure the payment comes from the buyer’s own verified account.
4. Enable 2FA: Use two-factor authentication for both your Binance and bank accounts.
⚠️ Red Flags to Watch For
Rushed buyers/sellers
Offers too good to be true
Asking you to release funds before confirmation
Communication outside the Binance app
🧠 Stay Informed, Stay Secure
Regularly educate yourself about new scam techniques and update your app to the latest version. Binance continuously works to improve P2P safety and warns users about fraudulent activity.
📢 Report Suspicious Activity
If you encounter suspicious behavior, report it immediately via the Binance app. Your quick action can help protect the community.
✅ Conclusion
P2P trading is fast, flexible, and empowering — if done safely. Stay vigilant, use Binance’s built-in protections, and don’t let scammers catch you off guard.
> Trade smart. Trade secure. Only on Binance.
