P2P trading platforms like Binance can be vulnerable to scams, as seen in a notable case where a scammer posed as a seller. They would offer cryptocurrency at appealing prices to lure buyers, but once the money was transferred, they vanished without releasing the cryptocurrency. This scam often relies on fake accounts or stolen identities to build trust. To steer clear of such scams, it's vital to verify the seller's identity, review their trading history, and use secure payment methods with buyer protection. Opting for reputable platforms with strong security measures can also minimize the risk of encountering scams.