🎭Important Warning: Peer-to-Peer Scam Alert on Binance! 🛑

I'm sharing this warning after my friend and I fell victim to scams on Binance's Peer-to-Peer platform, resulting in significant financial losses.

Phishing scams are prevalent in Pakistan, and it's essential to be cautious.

Here are common P2P scam alerts to watch out for: 1. Be wary of advertisements offering unusually high prices (e.g., 1 USD = 500 PKR). New users are often targeted and end up getting scammed. 2. When selling cryptocurrency for fiat currency, scammers may send fake payment notifications that disappear when you check your bank account. 3. Be cautious of third-party payments that may lead to account freezing or invalid transactions.

To avoid these scams:

- Verify the seller/buyer's account and ensure they are KYC-approved.

- Prioritize accounts with a high completion rate (above 98%).

- Opt for older accounts with a higher total number of orders.

- Be cautious of new accounts or those with low completion rates.

Let's stay vigilant and demand a direct fiat buy option to prevent these scams! Remember, always prioritize security and be cautious of phishing scams. If you've been scammed, report it to Binance support immediately."

#ScamRiskWarning #P2PScam #P2EGames

Let me know if you have any other questions!