Especially from Pakistan and rest of world
This is a warning message from a Binance user who experienced issues with three separate P2P (peer-to-peer) transactions on the platform. The user's account was blocked due to disputes arising from buyers engaging in transactions outside of Binance, receiving payments from other sources, buying USDT (Tether) from the user, and then selling it at a higher rate elsewhere.
The common issue in these disputes was that the buyers:
- Engaged in transactions outside of Binance
- Received payments from third parties
- Bought USDT from the user
- Sold it without verifying the source of funds or securing proof
This led to fraud complaints from the original fund senders, resulting in account blocks for the buyers and the user. To avoid similar disputes, the user recommends:
- Obtaining a video statement from the buyer
- Getting the buyer's mobile number
- Verifying the source of funds
- Recording a video of the buyer's transaction history
- Requesting the CNIC (Computerized National Identity Card) of the sender
- Canceling the trade if necessary
The user emphasizes the importance of collecting necessary evidence to avoid complications and ensure secure transactions on Binance P2P. They also highlight Binance's strong security measures but note that some users may still attempt to exploit the system.
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