Common P2P SMS scams and how to protect yourself
Fake Bank Payment Confirmation
Scammers often pretend to be your bank, sending SMS notifications confirming a payment that's supposed to be deposited into your account by a crypto buyer. To protect yourself, only release crypto to buyers once you've verified the actual payment in your bank account. Don't rely solely on SMS notifications.
Messaging Scams via Text and WhatsApp
Reports have emerged about fraudulent text messages claiming to be from Binance staff. These messages state that your account is compromised, and a supposed Binance representative will contact you on WhatsApp. In reality, it's the scammer, persuading you to transfer your crypto to a fake "secure" Binance account. Avoid these texts, block the numbers, and report them to Binance. Binance will never ask for your account details via text, WhatsApp, or email.
Deceptive URL (Phished) Scams
Phishing scams occur when scammers send deceptive links via email or text. These links take you to fake websites resembling Binance, where they steal your login information and potentially even manipulate your phone number. Protect yourself by always logging in through the official Binance website using an updated browser. Enable two-factor authentication for added security, and consider using Binance's anti-phishing code.