# Binance Trading Fraud — What You Need to Know (P2P Focus)

Scammers are getting smarter — especially in Binance P2P trades.

Here’s a breakdown of the most common scams, real-life examples, and how to stay safe.

1️⃣ Common Fraud Types

A) Fake Payment Proof

How it works:

You sell USDT on Binance P2P.

Buyer sends a fake payment screenshot — but never actually transfers money.

If you release crypto without checking your bank, it’s gone.

Example:

Buyer shows you a “bank transfer” of PKR 50,000. Later you find nothing in your account.

Precaution:

Always confirm the funds in your bank account, not just a screenshot.

Communicate only in Binance chat (recorded for disputes).

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B) Chargeback Scam

How it works:

Buyer pays via reversible methods (PayPal, card).

After you release USDT, they reverse the payment through their bank or payment service.

Example:

Buyer claims “unauthorized transaction” on PayPal — money refunded to them, you lose both cash and crypto.