When using the Binance platform, there are several types of scams that you can encounter. It is important to be aware of these types to avoid falling victim to them. Here are some common scams:
1. Romance scams: Scammers create fake relationships online, then ask victims to send money or cryptocurrency under the pretext of helping them with financial problems. Dating platforms are often used for this purpose.
2. Investment scams: Fraudsters target people looking for quick investment opportunities, promising them high returns. Victims are persuaded to send money into the fraudsters’ accounts, resulting in huge losses.
3. E-commerce scams: Scammers offer low prices for certain products, and when it comes time to pay, they ask the victim to transfer money to fake accounts, resulting in the loss of money without getting the product.
4. Fake Receipt Scams: Scammers manipulate screenshots to make it appear that they have made a payment, prompting the victim to release cryptocurrency before confirming receipt of funds.
5. Chargeback Scams: Scammers exploit the chargeback features of some payment platforms, demanding that payments be cancelled after the transaction is completed, resulting in loss of funds.
6. Phishing: Scammers pretend to be legitimate companies or trading platforms, and collect personal information about victims via fake emails.
7. Ponzi Scheme: Scammers promise victims high returns, and use new investors' money to pay returns to previous investors, causing the system to collapse when the money stops flowing.
To protect against these scams, it is always advisable to verify the identity of the other party, only send funds after verifying the validity of the transactions, and use trusted platforms such as Binance P2P that provide escrow services to protect users.