#Write2Earn

Risks of P2P Trading on Binance

1. Scams & Fraud

Some users may try to scam you by sending fake payment confirmations.

They may mark the trade as “paid” without actually sending the money.

2. Reversed Payments

If you're paid via reversible methods (like PayPal or credit card), the buyer might reverse the payment after receiving crypto.

3. Fake Proof of Payment

Some traders may upload fake receipts or screenshots to trick you into releasing the crypto.

4. Delayed or No Payment

The buyer may delay payment or not send it at all, hoping you’ll release crypto out of impatience.

5. Bank Account Freezing

Frequent or suspicious transfers to your bank from unknown people may lead to your account being flagged or frozen by your bank.

6. Price Manipulation

Some users may post attractive prices but cancel or delay trades during price fluctuations to their advantage.

7. User Errors

Mistakes like sending crypto to the wrong user, clicking "release" before confirming payment, or choosing the wrong payment method can cause losses.

8. Poor Customer Support in Disputes

Although Binance has a dispute system, resolution may take time and may not always go in your favor if there’s not enough evidence.