NEW SCAM ALERT 🔥
In P2P trading, rushing can lead to major losses. Protect yourself from these 4 common scams:
Fake Screenshot / SMS: The scammer sends a fake payment proof and pressures you to release the crypto.
Protection: Never release crypto until you manually open your bank or e-wallet app and verify the funds are in your Available Balance. Never trust screenshots.
Third-Party Payment: You receive money from an account that doesn't match the sender's Binance name. This can get your bank account frozen due to fraudulent funds.
Protection: Only accept payments where the bank account name exactly matches the verified Binance KYC name.
"Cancel Order" Scam: After you send the money, the seller claims a banking error occurred and asks you to cancel the order so they can refund you.
Protection: If you have already paid, never cancel the order. If you do, the crypto goes back to the seller. File an Appeal immediately.
Outside Chat (WhatsApp/Telegram): The counterparty asks to move the conversation off-platform for "better rates."
Protection: Keep all communications and transactions strictly inside the official Binance app to stay protected by the escrow system.
⚠️ Takeaway: Patience is key in P2P trading. Do not let anyone pressure you into acting quickly!