Specially for Indian tradres on binance. Beware of #Withdrawl of your money by using p2p. Recently #P2PScam is spreading and your bank account might #freeze because:-

Peer-to-peer (P2P) trading on Binance allows users to buy and sell cryptocurrencies directly with each other, often using local payment methods. While Binance has mechanisms in place to reduce fraud, P2P platforms are still vulnerable to scams due to their decentralized and human-driven nature.

Here are some common points and tactics used in P2P scams on Binance:

⚠️ Common P2P Scams on Binance

1. Fake Payment Proof

How it works: The buyer uploads a fake payment screenshot and clicks “Paid” without actually sending money.

2. Chargeback Fraud

How it works: After making payment via a reversible method (e.g., PayPal, bank transfer), the buyer reverses the payment after receiving the crypto.

3. Third-Party Payments

How it works: The buyer uses someone else's account (family/friend or hacked) to make payment.

4. Overpayment Trap

How it works: Buyer sends more money than required and asks for the excess to be refunded.

5. Time Pressure / Social Engineering

How it works: Scammers pressure you to release crypto quickly or claim delays in the bank system.

6. Fake Identity / Impersonation

How it works: Scammer pretends to be Binance support or a trusted trader.

7. Using Hacked or Stolen Accounts

How it works: Scammer buys crypto using an account that was hacked or identity stolen.

✅ Tips to Avoid P2P Scams

Always verify payments through your own banking system.

Never release crypto before confirming payment.

Trade only with users who have good ratings and high completion rates.

Use Binance’s escrow protection and chat system for all communications.

Be cautious with new accounts or unusual payment requests.

If in doubt, contact Binance support immediately and do not proceed.