To avoid scams in Binance P2P, follow these safety tips: 1. *Verify the user*: Check the user's verification level and reputation score. Higher levels and good reputation reduce the risk. 2. *Use Binance's escrow service*: Binance's escrow service holds funds until the transaction is complete, protecting you from fraud. 3. *Be cautious of unusually low prices*: If a deal seems too good to be true, it likely is. 4. *Don't share personal info*: Never share personal information, such as passwords or credit card details. 5. *Use secure payment methods*: Stick to payment methods supported by Binance, like credit cards or bank transfers. 6. *Communicate through Binance's chat*: Avoid moving conversations to external platforms or sharing personal contact info. 7. *Double-check transaction details*: Ensure the amount, asset, and recipient's info are correct before confirming. 8. *Report suspicious users*: If you suspect a scammer, report them to Binance's support immediately. Remember, always prioritize caution and follow these guidelines to minimize the risk of falling victim to scams in Binance P2P transactions. #Safety credits: Fatma_Queen
I was scammed out of $3,500 in a P2P transaction. The scammer contacted me privately outside of the Binance app and sent me a payment invoice. Trusting the invoice, I unlocked the coins for him. However, I later discovered that the invoice was fake. The scammer exploited my trust and lack of caution, resulting in a significant financial loss. This incident taught me an expensive lesson about the importance of being vigilant and thoroughly verifying information before completing any transaction, especially when dealing outside of secure platforms like Binance. It highlighted the need to adhere to safety rules in online transactions and not to trust private messages from strangers.