🚨 FRAUD ALERT: Protect Yourself When Trading on Binance 🚨

Scammers are always finding new ways to trick traders. Here are the top fraud types and how to stay safe:

1️⃣ Fake Payment (P2P)

You sell USDT, buyer sends fake payment proof (edited screenshot), but no money is sent. If you release crypto without checking your bank, you lose it.

✅ Always confirm funds in your account.

✅ Keep chats inside Binance.

2️⃣ Chargeback Scam

Buyer pays, then reverses payment via bank/PayPal, claiming it’s unauthorized. You lose both crypto & money.

✅ Avoid PayPal/credit cards.

✅ Use non-reversible transfers.

3️⃣ Off-Platform Deals

Scammer offers “better price” off Binance (WhatsApp, Telegram). Once you send crypto, they vanish.

✅ Never trade outside Binance escrow.

4️⃣ Overpayment Trap

Buyer sends more than agreed, asks for refund. Later, the payment bounces, costing you your own money.

✅ Confirm funds are cleared & irreversible.

✅ Contact Binance Support if overpaid.

5️⃣ Phishing & Account Takeover

Fake Binance emails/links steal your login.

✅ Check URL is binance.com.

✅ Use 2FA (Google Authenticator).

6️⃣ Pump & Dump Schemes

Groups hype coins, insiders dump at peak, price crashes.

✅ Ignore hype groups.

✅ Invest in coins you’ve researched.

🔒 Golden Safety Rules

✔ Trade only inside Binance escrow.

✔ Confirm payments in your bank before releasing crypto.

✔ Avoid reversible payment methods.

✔ Enable 2FA & withdrawal whitelist.

✔ Be cautious with overpayments.

✔ Keep all chats inside Binance.

💡 Stay alert — awareness is your best defense.

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