A new scam is hitting P2P traders hard especially those who sell USDT or other crypto for local fiat. Scammers are now exploiting fake bank payments followed by reversals, tricking sellers into releasing crypto before the money is actually secured.
If you're not careful, you could lose both your crypto and the cash. Here's how the scam works and how to stay safe 👇
🧠 How the Scam Works:
The scammer places a P2P order to buy your crypto.
● They send a fake payment confirmation (screenshot or edited bank alert).
● You see the "payment", believe it's legit, and release the crypto.
● After you release, the scammer reverses the bank transaction** or disputes it.
● You end up with no crypto and no money.
⚠️ Signs You Might Be Targeted:
● Buyer rushes you to release crypto quickly.
● You receive only a screenshot, not real-time payment.
● The name on the bank transfer doesn't match the buyer’s verified identity.
● The buyer avoids chatting in the Binance app and asks to talk elsewhere.
✅ How to Protect Yourself:
● Never release crypto until the payment is fully confirmed in your bank account.
● Double-check the sender's name matches their Binance profile.
● Only use official communication within the Binance P2P chat.
● Trade with verified users who have high completion rates and positive feedback.
● If something feels off, don’t release raise an appeal immediately.
● Avoid getting emotional or rushed scammers often use urgency as a tactic.
🔒 Quick Safety Checklist:
● ✅ Payment confirmed in bank app or SMS
● ✅ Sender’s name matches buyer’s profile
● ✅ No off-platform communication
● ✅ Screenshots are not trusted proof
● ✅ Buyer has good ratings and history
📢 Final Thoughts:
These scams are becoming more advanced and frequent. Even experienced traders are getting caught off guard. Always double-check before releasing funds. Your safety depends on being alert.
👉 Stay smart. Stay safe. Share this post to protect others.
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