🚨 Warning: Common Crypto Scams Every Binance User Must Know
The crypto world is full of opportunities – but also full of scammers waiting for one mistake. Binance recently reminded users to stay alert, so here’s a complete breakdown of the most dangerous scams + how to protect yourself 👇
🔴 1. P2P Payment Scams
Scammers buy crypto on P2P and then use fake bank receipts or reverse payments after receiving crypto.
✅ Solution: Always release crypto only after confirming real bank balance, not just a screenshot. Use Binance’s P2P chat & escrow system.
🔴 2. Phishing Websites & Emails
Fake sites or emails look like Binance, tricking you into entering your login details.
✅ Solution: Bookmark Binance.com. Never log in through random links or Google ads.
🔴 3. Fake Customer Support / Impersonation
Scammers pretend to be Binance staff on Telegram, WhatsApp, or Twitter. They ask for passwords, 2FA codes, or funds.
✅ Solution: Binance staff will NEVER DM you or ask for personal info. Always check the official verified channels.
🔴 4. Pump & Dump / Investment Groups
Fake groups promise “guaranteed profits” if you invest in some unknown token or send funds to them.
✅ Solution: If someone promises fixed returns, it’s a scam. Do your own research before buying any coin.
🔴 5. Fake Giveaways & Airdrops
Posts on X (Twitter), YouTube, or Telegram say: “Send 1 BTC and get 2 BTC back.”
✅ Solution: There are no free giveaways. Never send funds expecting more in return.
🔴 6. Romance / Social Media Scams
Scammers build trust on dating apps or social media, then slowly convince you to “invest” in their fake crypto platforms.
✅ Solution: Never invest in platforms you don’t fully verify yourself. If someone pressures you, it’s a red flag.
⚡ Golden Rule:
👉 Binance will NEVER ask for your password, 2FA, or private info.
👉 If it feels too good to be true, it IS a scam.