🆘HOPE THIS HELPS YOU ALL🆘 PART 2:
🧾 4. Using illegal money to scam (money laundering transactions)
⚠️ Description:
•The buyer uses stolen money/scammed bank accounts to transfer to you.
•Then the bank reverses the transaction and you still lose your coin.
•Your bank account may be investigated for involvement in money laundering.
❌ Prevention methods:
•Only transact with individuals who have good ratings, clear KYC verification, high transaction volume, and low cancellation rates.
•Avoid large transactions with newly created accounts or accounts with negative feedback.
🛑 5. Scams through fake complaints.
⚠️ Description:
•After you cancel the transaction (due to not receiving money), the scammer still files a complaint with Binance to hold your coin in temporary lock.
•They then pressure you to pay a fee to “cancel the complaint” or reclaim invalid assets.
❌ Prevention methods:
•Always keep evidence of transfers / transaction messages, screenshots.
•Calmly respond and provide evidence to Binance when needed.
Always conduct all transactions in the P2P chat for the best support.
🧠 Summary:
P2P trading on Binance is safe if:
•You are not in a hurry, follow the principles, and only confirm when you actually receive the money.
•Do not transact outside, and avoid individuals with suspicious behavior.