Trading cryptocurrencies through the Binance P2P platform is a unique and fast method, but it may be subject to some scam attempts. Here are the most common types of scams to watch out for, along with effective tips to protect yourself:
1. Fake Payment Proof Scam
Scammers share fake screenshots to prove they have completed the payment, aiming to pressure you into releasing the cryptocurrencies.
How do you protect yourself?
Do not rely solely on screenshots; verify your bank account or digital wallet to ensure the funds have been received before confirming the completion of the transaction.
2. SMS Scam
Scammers send text messages resembling bank notifications or digital wallet alerts, informing you that the funds have arrived, but they are actually fake.
How to avoid?
Always verify by logging into your bank account or digital wallet and do not rely solely on messages.
3. Chargeback Scam
The scammer makes the payment through a third-party account or payment methods that allow for chargebacks after a period, causing you to lose both your money and the cryptocurrency.
Your advice:
Do not accept payment through accounts that do not match the username on Binance, and if this happens, submit a dispute request immediately.
4. Middleman Scam
Scammers deceive the victim by sending fake bank account details outside the platform, making you think you are dealing with a real buyer, while the money goes to the scammer.
How do you protect yourself?
Communication and transactions should be exclusively through the Binance P2P platform only. Do not accept any requests or details outside the platform.
5. Triangle Scam
Two scammers are involved in a process with one seller, where each submits a joint request, attempting to deceive the seller by releasing the currencies before receiving the full amount.
Important advice:
Do not be deceived by payment proofs that may be reused. Always verify that the funds have reached your bank account or wallet before releasing digital assets.
6. Binance Job Claim Scam
Scammers impersonate Binance employees via email or social media accounts, or within the P2P platform chat, and ask you to release the currencies before confirming payment.
How to protect:
Binance does not ask you to release currencies before confirming that the funds have arrived, nor does it request your personal data or any transfers outside the platform. Always verify the legitimacy of accounts and official email addresses.
General tips for safe trading on the Binance P2P platform:
Do not provide personal information or financial details outside the Binance P2P platform.
Ensure that the account name and payment method exactly match what is registered on the Binance platform.
Do not rush to release the cryptocurrencies; ensure the funds have been actually received first.
In case of any doubt or issue, open a dispute request immediately through the Binance platform.
Be cautious of offers or external communication through apps like Telegram or WhatsApp to avoid scams.
By following these guidelines, you can protect your funds and enjoy a safe and reliable P2P trading experience on the platform.