Now a days a lot of scams are happening to Pakistanis in P2P. Many Merchants send money and you release assets . But after few moments they complaint bank of fraudulent payment or accidental payment. Then bank freezes your account and investigates you instead of sender. I would give you some suggestions to this solution:
1: Never use Jazzcash, Sadapay,Nayapay, Easypaisa or Pakistani bank for receiving money directly. Instead use skrill, Mastercard or Visa card for receiving through P2P. Though exchange rate is low on these but it's way better than blocking your bank account. Then from skrill account you can withdraw to local Pakistani any wallet or bank account with little fees.

2: Secondly check merchant id. Account must be verified. Check its negative reviews. Negative reviews of delay transfer or bad language is not a big issue. But if many people commented that he does scams or frauds, then do not sell your assets to him. Do not trade with scammers.

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In the dynamic world of cryptocurrency, Peer-to-Peer (P2P) trading platforms have emerged as a revolutionary way to buy and sell digital assets without relying on intermediaries like banks. Binance, one of the world's largest and most trusted cryptocurrency exchanges, offers a P2P service that allows users to trade directly with each other. While Binance P2P offers great convenience and flexibility, it is also a hotbed for scammers looking to exploit unsuspecting traders. If you’re diving into Binance’s P2P trading, it's essential to know the risks involved and the best practices to keep your crypto safe. This guide will walk you through everything you need to know to avoid falling victim to P2P scams on Binance.

What is Binance P2P Trading?

Binance’s P2P platform allows users to buy and sell cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and stablecoins directly from and to each other. This method bypasses traditional centralized exchanges, providing greater flexibility in payment options, including bank transfers, PayPal, and even gift cards. For many, this makes crypto trading more accessible, especially in regions where traditional exchanges may have limitations.

However, while Binance’s P2P platform is a great tool for convenient trading, its decentralized nature can make it easier for scammers to target both novice and experienced traders. Without proper knowledge and precautions, it’s easy to lose your crypto to unscrupulous actors.

Common Binance P2P Scams to Watch Out For

1. Fake Payment Proof Scams
One of the most common P2P scams occurs when the scammer convinces you that they have made a payment for your crypto. They might send fake payment confirmation screenshots or altered bank receipts. Once you release the cryptocurrency, they disappear without completing the payment.

How to Avoid It:
Always check your payment status through your bank or payment provider. Do not rely on screenshots. It’s crucial to verify the payment yourself before releasing any crypto. Binance also has an escrow system that locks the crypto until the transaction is confirmed.

2. Chargeback Scams
In this scam, the buyer claims that they never received the crypto and files a chargeback with their payment provider (e.g., PayPal or a bank). They get their money back while you lose your crypto. This is common in fiat-to-crypto transactions where the payment method is reversible.

How to Avoid It:
Use non-reversible payment methods when trading on Binance P2P, such as cash deposits or cryptocurrency payments. Also, be aware of users who have a history of chargebacks or negative reviews.

3. Impersonation Scams
Scammers may pretend to be Binance support staff or trusted users to trick you into sending crypto. They may create fake profiles that look convincing and provide fraudulent links or instructions.

How to Avoid It:
Binance will never ask for your private keys or passwords. If someone claims to be from Binance support, contact the official Binance customer service directly to verify the identity. Always use official communication channels.

4. Fake Ads and Phishing Links
Scammers often post enticing ads offering above-market rates for your crypto or promising great discounts on purchases. These ads may lead to phishing websites designed to steal your personal information, including login credentials or private keys.

How to Avoid It:
Never click on suspicious links or deals that seem too good to be true. Always double-check the legitimacy of the ad and the profile of the person posting it. Binance provides an option to report suspicious ads, so take advantage of that to help protect the community.

5. Social Engineering and Pressure Tactics
In this scam, the scammer uses high-pressure tactics to get you to release crypto before you’ve had time to properly verify the transaction. They may act urgent or offer a sense of trustworthiness, making you feel obligated to complete the trade quickly.

How to Avoid It:
Take your time during each transaction. If something feels off, don’t hesitate to pause and do additional checks. Always follow the Binance guidelines and security practices, and never rush into a trade.

Tips for Staying Safe on Binance P2P

Now that you know some of the common scams, let’s look at practical tips for safeguarding your assets:

1. Use Binance’s Escrow System
Binance’s P2P platform holds the crypto in escrow until both parties confirm the transaction is complete. Never release your crypto unless the payment has been fully verified. The escrow system is one of the key features that make Binance P2P safe and secure.

2. Check User Reputation and Feedback
Binance P2P allows users to rate and leave feedback on each transaction. Always check the reputation of the other party before trading. Avoid dealing with new accounts or users with a negative feedback history.

3. Enable Two-Factor Authentication (2FA)
Protect your Binance account by enabling two-factor authentication (2FA). This adds an extra layer of security, making it harder for attackers to access your account, even if they have your login credentials.

4. Verify Payment Before Releasing Crypto
As mentioned earlier, always verify the payment before releasing your crypto. Don’t rely on screenshots or confirmation messages. If you’re using bank transfers, verify with your bank that the payment has been processed. If possible, ask for payment receipts or transaction IDs.

5. Educate Yourself
Stay informed about the latest P2P scams and tactics. Binance offers educational resources and guides to help users navigate the world of P2P trading safely. Being knowledgeable is one of the best defenses against scammers.

6. Use Secure Payment Methods
Some payment methods are riskier than others. If you can, stick to methods that are irreversible, like bank transfers or cryptocurrencies, rather than those that can be disputed, such as PayPal or credit card payments.

7. Report Suspicious Activity
If you encounter any suspicious behavior, immediately report it to Binance’s support team. Reporting fraudulent activity helps protect the broader Binance community.

Conclusion

Binance P2P is an excellent platform for crypto trading, offering flexibility and a wide variety of payment methods. However, it’s essential to stay vigilant and follow best practices to protect yourself from scams. By using Binance’s security features, verifying payments, and staying informed about the latest threats, you can confidently trade on Binance P2P without falling victim to fraud. Remember, your crypto security is ultimately in your hands – so take the necessary steps to protect your assets today!

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#CryptoHistoricMoment

Transaksi peer-to-peer (P2P) semakin populer karena kemudahannya dan kemampuan untuk memangkas perantara. Baik Anda berdagang cryptocurrency, menggunakan marketplace online, atau platform tradisional, ada risiko yang melekat dalam transaksi P2P. Sayangnya, para penipu sering kali menargetkan individu dalam pertukaran P2P, berusaha mengeksploitasi kelemahan. Berikut adalah beberapa penipuan paling umum dalam transaksi P2P dan cara untuk mencegahnya agar Anda terhindar dari kerugian.
1. Konfirmasi Pembayaran Palsu
Pada penipuan ini, pembeli mengirimkan bukti pembayaran palsu kepada penjual, mengklaim bahwa mereka telah mentransfer dana. Mereka mungkin menggunakan tangkapan layar atau email konfirmasi yang dimanipulasi sehingga tampak sah. Setelah penjual yakin pembayaran telah dilakukan, mereka melepaskan aset tanpa benar-benar menerima dana.
Tips Pencegahan:
Selalu verifikasi pembayaran secara langsung dengan memeriksa saldo akun atau dompet Anda sebelum melepaskan aset.Jangan hanya bergantung pada tangkapan layar atau konfirmasi email, karena ini bisa dimanipulasi dengan mudah.Pertimbangkan untuk menggunakan layanan escrow untuk transaksi besar agar dana aman hingga kedua belah pihak memenuhi kewajiban mereka.
2. Penipuan Pembayaran Berlebih
Dalam penipuan ini, pembeli "secara tidak sengaja" mengirimkan lebih banyak uang dari yang diperlukan dan kemudian meminta pengembalian kelebihan dana tersebut. Setelah menerima pengembalian dana, mereka membatalkan transaksi asli, membuat Anda kehilangan dana dan aset.
Tips Pencegahan:
Selalu kembalikan jumlah yang sesuai dari kelebihan pembayaran setelah mengonfirmasi keabsahan transaksi. Jika ragu, hubungi penyedia layanan pembayaran Anda untuk mendapatkan petunjuk.Waspadai siapa pun yang mengklaim melakukan kesalahan dan membayar lebih, karena ini adalah tanda peringatan umum.Jika memungkinkan, hindari pengembalian dana melalui metode pembayaran yang berbeda dari yang digunakan untuk transaksi awal.
3. Layanan Escrow Palsu
Penipu kadang membuat layanan escrow palsu atau menyamar sebagai yang sah. Mereka meminta Anda untuk menyetorkan dana ke akun escrow untuk "mengamankan" transaksi. Setelah Anda mentransfer dana, penipu menghilang, dan Anda kehilangan aset Anda.
Tips Pencegahan:
Gunakan layanan escrow yang terpercaya dan terverifikasi saat melakukan transaksi P2P. Lakukan riset untuk memastikan keabsahan layanan tersebut.Waspadai layanan escrow yang tidak dikenal yang disarankan oleh pihak lain, dan jangan pernah mengklik tautan ke situs pihak ketiga tanpa memverifikasi keasliannya.Verifikasi URL layanan escrow dan pastikan menggunakan langkah-langkah keamanan seperti enkripsi SSL.
4. Penipuan Chargeback
Penipuan ini sangat umum pada transaksi P2P yang melibatkan kartu kredit atau prosesor pembayaran. Penipu akan melakukan pembelian dan menerima asetnya. Namun, setelah transaksi selesai, mereka mengajukan chargeback dengan perusahaan kartu kredit mereka, mengklaim bahwa mereka tidak pernah menerima aset tersebut. Ini menyebabkan dana dibalik, dan penjual kehilangan aset serta pembayaran.
Tips Pencegahan:
Gunakan platform dengan kebijakan perlindungan penjual, terutama untuk transaksi berisiko tinggi.Simpan catatan lengkap semua transaksi, termasuk korespondensi, bukti pengiriman, dan tanda terima.Jika memungkinkan, gunakan metode pembayaran yang tidak dapat dibalik seperti cryptocurrency atau transfer bank untuk transaksi besar guna meminimalkan risiko chargeback.
5. Penipuan Identitas
Penipu dapat berpura-pura menjadi pengguna yang sah dengan menggunakan ID yang dicuri, profil palsu, atau menyamar sebagai pedagang yang terpercaya. Mereka membangun kepercayaan dari waktu ke waktu, seringkali dengan melakukan beberapa transaksi kecil yang sah sebelum mencoba penipuan skala besar.
Tips Pencegahan:
Selalu verifikasi identitas orang yang Anda ajak berdagang dengan memeriksa profil mereka, skor reputasi, dan riwayat transaksi.Waspadai pengguna baru atau pedagang yang tidak memiliki rekam jejak yang terbukti.Lakukan transaksi di platform P2P yang memiliki proses verifikasi yang kuat untuk penggunanya.
6. Serangan Phishing
Penipuan phishing sangat umum dalam transaksi P2P. Penipu akan mengirimkan tautan palsu atau menyamar sebagai platform P2P untuk mencuri kredensial login atau detail pembayaran. Setelah mereka memiliki informasi Anda, mereka dapat menguras akun Anda atau mencuri aset Anda.
Tips Pencegahan:
Hindari mengklik tautan yang tidak diminta atau memberikan informasi sensitif melalui email atau aplikasi pesan.Selalu periksa dua kali URL platform yang Anda gunakan untuk memastikan itu sah. Penipu sering menggunakan URL yang mirip dengan aslinya.Aktifkan otentikasi dua faktor (2FA) di akun P2P Anda untuk menambah lapisan keamanan ekstra.
7. Penipuan Biaya di Muka
Dalam penipuan ini, penipu akan meminta biaya di muka untuk kesempatan eksklusif, layanan, atau diskon pada produk. Setelah Anda mengirim uang, penipu menghilang tanpa memberikan layanan atau barang yang dijanjikan.
Tips Pencegahan:
Jangan pernah setuju untuk mengirim pembayaran sebelum Anda menerima produk atau layanan kecuali Anda menggunakan layanan escrow terpercaya.Waspadai penawaran yang terdengar terlalu bagus untuk menjadi kenyataan atau penjual yang meminta pembayaran di muka yang tidak biasa.Lakukan transaksi di platform dengan mekanisme perlindungan bawaan, dan hindari membuat kesepakatan di luar sistem ini.
Kesimpulan
Meskipun transaksi P2P menawarkan kemudahan dan biaya yang lebih rendah, transaksi ini juga membawa risiko yang bisa membuat Anda rentan terhadap penipuan. Pertahanan terbaik melawan skema ini adalah kewaspadaan. Didik diri Anda tentang penipuan umum, selalu verifikasi identitas dan pembayaran pihak lain, serta manfaatkan layanan escrow bila memungkinkan. Dengan mengikuti tips ini, Anda dapat meminimalkan risiko dan mengamankan aset Anda selama transaksi P2P.
Tetap waspada, selalu mencari informasi, dan bertransaksi dengan bijak.

Risk Disclaimer : Harga mata uang kripto memiliki risiko pasar dan volatilitas harga yang tinggi. Anda sebaiknya hanya berinvestasi pada produk yang Anda kenal dan memahami risiko terkait. Anda harus hati-hati mempertimbangkan pengalaman investasi Anda, situasi keuangan, tujuan investasi dan toleransi risiko dan berkonsultasi dengan penasihat keuangan independen sebelum melakukan investasi apa pun. Materi ini tidak boleh ditafsirkan sebagai nasihat keuangan. Kinerja masa lalu bukan merupakan indikator yang dapat diandalkan untuk kinerja masa depan. Nilai investasi Anda bisa turun dan naik, dan Anda mungkin tidak mendapatkan kembali jumlah yang Anda investasikan. Anda sepenuhnya bertanggung jawab atas keputusan investasi Anda.

#BinanceLaunchpoolDOGS #CryptoMarketMoves #P2PScamAwareness #P2PScamPrevention

Hello everyone, keep your eyes open. This brother has been scammed in P2P. Please take care of yourselves, so this doesn't happen to you tomorrow.
I'm sharing my horrific experience to warn others. On October 29, 2024, I sold 750 USDT to BajwaTraders786 on the P2P platform. He sent money from TWO DIFFERENT ACCOUNTS, including:
1. Alfalah account: Rs. 204,000
However, on November 1, 2024, BajwaTraders786 DISPUTED THE TRANSACTION with his bank, claiming it was unauthorized.
*MY ACCOUNT IS LOCKED*
Despite providing screenshots as proof that I received the money, my account remains locked. Additionally, ALL OTHER ACCOUNTS I TRANSFERRED MONEY TO ARE ALSO LOCKED.
*BANK'S DEMAND*
Now, my bank is forcing me to REVERSE THE TRANSACTION, sending the disputed amount (Rs. 204,000) back to BajwaTraders786's account. They claim this is the only way to unlock my account and other affected accounts.
*DO NOT TRUST BAJWATRADERS786*
BajwaTraders786 is a scammer who will dispute transactions after receiving cryptocurrencies. Protect yourself:
1. Verify users before transactions
2. Keep records of transactions
3. Monitor your accounts closely
*REPORT THIS SCAMMER*
If you've encountered similar issues with BajwaTraders786, report them to:
1. P2P platform support
2. Your bank's customer service
*STAY VIGILANT!*
Share this warning to prevent others from falling victim!
Stay safe!

#P2PScamAwareness #P2PScamPrevention