Since 2022, bank chargebacks and account freezes have haunted crypto traders in Pakistan. After cashing out profits, many dread losing funds to frozen accounts. As a P2P merchant with 5+ years of experience, I’ve got tips to slash this risk by 95%. Here’s how to trade securely!
Why Accounts Freeze (Spoiler: It’s Not Merchants!)
Merchants don’t spark disputes—it’s their livelihood! The real culprits? Scammers.
Scams & Illiteracy: Scammers trick victims into buying USDT with fake promises (jobs, investments). Victims then report merchants to banks, freezing accounts in a chain reaction.
Organized Fraud: Scammer groups pool funds into fraudulent accounts, buy USDT, and leave merchants—and you—caught in the fallout.
Merchants are victims too, not villains.
Top Tips to Stay Safe
Sell to Verified Merchants: Stick to Binance-verified merchants—your first shield.
Check Feedback: Look for negative reviews mentioning extra KYC (CNIC, video calls). It shows they’re careful.
Read Terms: Merchants with 30+ trades or asset-holding rules are safer bets.
Use a Separate Account: Dedicate a bank account for P2P. Withdraw via ATM or cheque, not transfers.
Test First: Send PKR 50 to another account before big trades to spot flags.
Follow these, and you’re 99% in the clear!
What’s Next?
Stay tuned for tips on small trades and bank-free P2P methods. Trade smart, stay safe!
#CryptoSafety #P2PScamAwareness #P2PTrading #BinanceSquar
