## Beware of Binance P2P Scams: A Practical Guide to Stay Safe

Binance P2P is a great platform to buy and sell cryptocurrency directly with others. However, just like any marketplace, it can attract scammers. Understanding how these scams work and how to protect yourself is key to safe trading.

### How Do Binance P2P Scams Happen?

One common scam involves fake payment confirmations. For example, a buyer tells you they have sent the money and shows you a screenshot or message as proof. Trusting this, you release the crypto. But later, you find out the payment never actually reached your bank account or was reversed. This means you lose your crypto without getting paid.

Other scams include:

- **Chargeback fraud:** The buyer pays using a method that can be reversed after receiving crypto.

- **Impersonation:** Scammers pretend to be trusted users or Binance support.

- **Phishing attempts:** Fake messages or calls trick you into revealing your account details or 2FA codes.

- **Off-platform trades:** Scammers ask you to trade outside Binance P2P, where there is no escrow protection.

### How to Protect Yourself

1. **Always verify payment in your bank account or official payment app** before releasing crypto. Don’t rely on screenshots or messages.

2. **Trade only within the Binance P2P platform** to benefit from escrow protection.

3. **Use verified and highly rated users** for trading.

4. **Enable two-factor authentication (2FA)** and use strong passwords for your Binance account.

5. **Avoid off-platform trades or requests to use personal bank accounts.**

6. **Be cautious of deals that seem too good or push you to act fast.**

7. **Report any suspicious activity or users to Binance immediately.**

### Stay Updated and Stay Safe

Keep an eye on Binance’s official announcements and trusted crypto communities for scam alerts and security tips. Your awareness is your best defense.

**Remember:** Scams can happen to anyone, but with caution and good habits, you can trade safely on Binance P2P.