I lost 5000 dollars on p2p scam binance 🔥🔥🔥🔥🔥🔥👇👇👇👇 Scams on platforms like Binance P2P often involve trickery to steal money. Here’s how they typically happen:
1. Fake Proof of Payment
How It Works: Scammers show fake or edited proof of payment, making it look like they’ve sent money.
Impact: Victims release the cryptocurrency, but no payment was made.
2. Disappearing After Payment
How It Works: After receiving money, the scammer stops responding or denies receiving the payment.
Impact: Victims lose their funds with no crypto in return.
3. Escrow Manipulation
How It Works: Scammers may exploit misunderstandings of the escrow system to claim the victim didn't fulfill their side.
Impact: The victim might lose funds during the dispute resolution process.
4. Impersonation
How It Works: Scammers impersonate Binance staff or trusted traders and ask for sensitive details or off-platform payments.
Impact: Victims lose money or share personal information that can be misused.
5. Reversal Scams
How It Works: After receiving cryptocurrency, scammers initiate a payment reversal, claiming it was unauthorized.
Impact: The payment is reversed, but the crypto is already gone.
Protect Yourself
1. Trade with Verified Users: Stick to highly rated and verified traders.
2. Confirm Payment Before Releasing Crypto: Ensure the payment is genuine and confirmed.
3. Use Binance’s Escrow: Keep transactions within the platform’s secure system.
4. Verify Payment Proof: Double-check payments directly with your bank or service.
5. Be Wary of Impersonators: Avoid sharing sensitive info or making off-platform payments.
By being aware of these common scam tactics, you can better protect yourself from fraud.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.