🚨 One mistake — and your bank account could be frozen by FIA! 🚨
The crypto world may look glamorous, but it’s equally risky, especially if you trade through P2P (Peer-to-Peer) systems.
Let’s break down where the real scam happens and how you can protect yourself from it.
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🧩 What is P2P?
P2P or Peer-to-Peer trading means you buy or sell crypto (like USDT) directly from another person.
Platforms like Binance act only as a temporary escrow, ensuring that:
> “The buyer receives crypto only after the seller gets paid.”
And that’s it — once the deal is done, Binance holds no responsibility.
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⚠️ Where the Scam Happens
The scam usually happens when you sell crypto, not when you buy.
For example, you’re selling USDT.
The buyer says:
> “I’ve sent the payment. Check your bank!”
You see the PKR amount credited to your account — great!
You happily release the crypto.
But then, the buyer calls his bank and says:
> “I accidentally sent money to the wrong account. Please reverse it!”
The bank then contacts you.
If you tell them, “It was a P2P trade,”
they respond:
> “That’s illegal activity — FIA will investigate.”
And then you face account freeze, investigation, and serious trouble. 😰
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💡 Two Proven Ways to Stay Safe
✅ 1. Trade only with accounts in your own name
Never accept payments from third-party accounts (friends, cousins, etc.).
Always verify that the payer’s bank name matches the Binance user name.
If it doesn’t match ➜ Cancel the trade immediately.
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✅ 2. Use RetardPay or any verified crypto card service
If you handle large amounts (like $10,000 or more),
consider services like RetardPay for safe transactions.
📦 They offer a $100 physical card.
💳 Load your crypto dollars onto it.
🌍 Use it at ATMs or POS worldwide.
💸 The amount auto-converts to PKR (or local currency).
Though the exchange rate is slightly lower (284–285 vs 290),
the security is worth every rupee. 🔐
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💬 Extra Safety Tips:
Keep screenshots and chat records of all P2P deals.
Never trade using VPNs or fake identities.
If someone says, “Release fast, payment done!” ➜ Always verify first.
Report suspicious transactions immediately to Binance Support.
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🚀 Conclusion:
P2P trading isn’t bad — but trading with the wrong people can ruin your finances and peace of mind.
Stay smart. Stay safe. Trade only with verified, documented partners.
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💬 Question for the Community:
👇
What kind of new security updates should Binance add to stop P2P reversal scams?
