Cryptocurrency scams are getting trickier, and one you should know about on Binance P2P is the Paid-But-Canceled scam. Here’s how it works: after making a payment, the scammer convinces you to cancel the order, often saying there was a problem and offering a refund. But after you cancel, they keep both the money and the crypto.

Tips to Protect Yourself:

Don’t cancel any orders after payment until you’ve confirmed a refund.

Be careful of deals that sound too good to be true.

Always communicate within Binance, and never share personal contact details.

If you don’t receive the crypto after payment, raise an appeal through Binance support.

General P2P Trading Advice:

Always check the seller’s reputation.

Use Binance’s escrow service to keep your funds safe.

Monitor your account regularly to spot suspicious activity.

Stay alert, follow these tips, and you can trade m

ore safely on Binance P2P.

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