P2P trading schemes are rapidly increasing in Pakistan, causing careless users to lose millions of rupees. Here are the complete details and ways to protect yourself.
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### 🔴 Common P2P Schemes in Pakistan
#### 1. "Fake Payment" scheme
- How does it work?
- The buyer sends you a fake payment slip/screenshot.
- You think the payment has been made, but the money does not arrive in the bank account.
- The scammer disappears with the crypto.
#### 2. "Chargeback" scheme
- How does it happen?
- The buyer makes a real payment, but later requests a chargeback from the bank.
- Your Binance account may be frozen.
#### 3. "High Rate" fraud
- Map:
- Someone offers you a price higher than the usual rate (for example, 1 USDT = 300 rupees while the market rate is 280).
- This could be part of money laundering or black money.
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### ✅ 10 Golden Rules to Avoid P2P Schemes
1. Only trade with "Verified Merchants"** (those with a green tick).
2. Match the bank account name with the name registered on Binance.
3. Never mark the trade as "complete" until the money has arrived in your account.
4. Avoid deals on WhatsApp/Telegram – use only Binance chat.
5. Keep a screen record of every transaction (payment slip, chats, etc.).
6. Avoid trades with high rates (rates 2-3% above the normal rate are suspicious).
7. Start with small trades (test with $10-$20 first).
8. Never give anyone access to your Binance account.
9. If someone pressures you, immediately cancel the trade.
10. Contact Binance support if in doubt.
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### 📢 What to do if you have fallen victim to a scam?
1. Report immediately to Binance support.
2. Inform your bank (if a fake payment has occurred).
3. Contact local police/Cyber Crime if the amount is large.
4. Share your experience on social media so others can avoid it.
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### 🚨 Remember:
- P2P trading is safe, but only with caution.
- Binance will never call or WhatsApp you to confirm a payment.
- Do not trust any offers with "guaranteed profit."
Do you want to know more about P2P schemes? 👇 Comment!
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