DisputeResolved

Binance 🚨 Urgent P2P Scam Alert: Protect Yourself from Fraudulent USDT Transactions 🚨
Scammers are exploiting the Peer-to-Peer (P2P) trading system on platforms like Binance to defraud users. They intentionally let orders time out and, at the last moment, request you to place a new order, only to manipulate the USDT price before completing the transaction. This tactic is unfair and necessitates immediate action to safeguard your assets. 
Understanding the Scam:
Scammers often set up P2P buy orders with unusually high prices and extended payment windows. For example, they might offer to buy BTC at a price significantly above the market rate, such as 51,000 USDT when the market price is around 50,000 USDT. They set the payment window to a lengthy duration, like 8 hours. Once you agree to the trade, your BTC is locked in escrow for the entire payment window. If the market price increases during this period, the scammer benefits by purchasing your BTC at the agreed-upon higher price. If the market price decreases, they may let the order expire, and you are left with your BTC locked for hours without completing the transaction. 
Recommended Actions to Protect Yourself:
1. Trade with Verified Merchants:
Always conduct transactions with verified buyers and sellers. Check user ratings and transaction histories to ensure reliability. Avoid dealing with unverified individuals to minimize the risk of fraud.
2. Set Reasonable Payment Windows:
Be cautious of orders with excessively long payment windows. Scammers may exploit this to their advantage. Opt for shorter payment windows, such as 15 minutes, to reduce exposure to market fluctuations.
3. Confirm Payment Receipt:
Pro Tip:
Always trade with verified merchants for a safer experience. This practice significantly reduces the risk of falling victim to scams and ensures a more secure trading .
By staying informed and vigilant, you can protect yourself from P2P scams and contribute to a safer trading community. Remember, knowledge and caution are your best defenses against fraud.
#BinanceP2P #DisputeResolved

Stay Safe from Bank Disputes in P2P Transactions

Key Points:
• Always match the sender’s bank
account name with their Binance profile.

• Never release crypto before confirming the payment in your account.

• Avoid accepting payments from third-party accounts.

• Save all transaction proof for future reference.

• Report suspicious transactions to Binance support immediately.

• Communicate only through Binance chat for transparency.

• Use a bank account with a strong dispute resolution process.

#P2PTradingTips #DisputeResolved

🕵️‍♂️ The Skrill Dispute and Binance’s Role for a Safe Haven for Crypto Traders

Recently, a trader faced an issue where their payment seemed lost during a trade. 💸 They had sent $800 to the other party’s Skrill account, which turned out to be unverified. Despite completing their side of the deal, the other party later claimed they didn’t receive the payment and opened a dispute.

This could’ve been a nightmare, but thanks to Binance’s vigilant system and exceptional Customer Support team 🛡️, the issue was swiftly resolved. The funds were recovered, and justice prevailed!

Binance proves once again that it’s not just a trading platform; it’s a fortress of trust and security. A heartfelt thank you to the CS team for going above and beyond to protect their users! 🙌”

🌷💛🤝

Follow @Binance Customer Support

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