Hello Binance users, If youโre using the Binance crypto exchange, this message is for you. Many of you regularly buy or sell USDT or USDC, sending or receiving funds via bank transfers. But how secure is this process, really? Letโs go over some common P2P scams to watch out forโso please read carefully. Buying Scam: When buying USDT or USDC, you transfer money to the sellerโs bank account. But what happens if the seller receives the payment and doesnโt release the crypto? In such cases, you can file an appeal on Binance, and if your claim is valid, you may get your crypto or funds back. Unfortunately, scammers sometimes pose as sellers to exploit this system. This is a frequent form of fraud in P2P transactions. Selling Scam: When selling USDT, youโre expecting a bank transfer from the buyer. Some scammers, however, may send fake payment confirmations without transferring any funds. Always check your bank account to confirm the money has arrived before releasing your crypto. Stay Vigilant: Whether buying or selling, always stay cautious. A few extra seconds of vigilance can save you from a costly mistake. Final Note: If thereโs any error in this message, I sincerely apologize. Thatโs all for nowโstay safe and take care.