Binance #P2P is safe if you know how to protect yourself from scammers.
✅ 1. Use Binance’s escrow service
Binance P2P automatically locks the seller’s crypto in escrow during the trade.
Never agree to release crypto or confirm payment outside the Binance platform.
If someone asks you to do this, it’s a scam — always keep the transaction inside the app.
✅ 2. Double-check payment
If you’re the seller, never release crypto until you see the money in your bank account, not just a payment screenshot.
Fake receipts are common — verify with your bank.
✅ 3. Trade with verified, reputable merchants
Pick buyers or sellers with:
✅ High number of trades
✅ 90%+ completion rate
✅ Good reviews
Avoid new accounts with few trades and no history.
✅ 4. Communicate only in Binance chat
Keep all messages inside Binance chat. If something goes wrong, this helps with disputes.
If someone tries to move the conversation to WhatsApp/Telegram for payment or negotiation, it’s a red flag.
✅ 5. Be careful with your bank details
Share only the needed payment info. Don’t reveal extra personal or banking details.
Watch for fake “overpayments” — some scammers send you more money “by mistake” and then ask for refunds.
✅ 6. Watch for time pressure tricks
Scammers rush you to confirm payment quickly — take your time.
If the other person behaves strangely, cancel the trade before releasing crypto.
✅ 7. Use strong security for your account
Enable 2FA (two-factor authentication).
Never share your password or 2FA codes.
Watch out for phishing websites pretending to be Binance.
✅ 8. If something goes wrong, appeal immediately
If you suspect fraud, do not release crypto.
Click “Appeal” in the P2P order — Binance support will help resolve it.
