Never would i be comfortable in providing my CNIC to anyone. be them a scammer or not. also what are you going to do with the CNIC? goto the police? tell them what?

Recently, there’s been a rise in P2P disputes linked to account blocks. Here's how it happened to me and steps you can take to protect yourself.

What Happened?

Buyer Fraud: Some buyers were involved in off-platform transactions or received funds from third parties. They then bought USDT from me and sold it at a higher rate elsewhere.

Account Blocks: Fraudulent activities led to complaints from the original senders of funds. This caused buyers' accounts to be blocked, followed by my account being frozen.

Key Lessons From My Experience

1. Investigation Settlements: In one case, the buyer resolved the issue with the sender, allowing me to receive the funds.

2. Unsettled Disputes: In other cases, buyers failed to resolve disputes, forcing me to return payments for those transactions.

Precautionary Steps to Secure Your Trades

Ask for Proof: Always request proof of funds, including the buyer’s CNIC if payments are made from their account.

Get a Video Statement: Ask buyers for a short video statement confirming the transaction details.

Check Payment Sources: If payments seem suspicious or involve third-party accounts, cancel the trade immediately.

Record Evidence: Keep a video record of the buyer’s transaction history for the past 24 hours.

Stay Safe on Binance P2P

While Binance offers strong merchant protection, always double-check buyers’ authenticity to avoid risks. Secure transactions require vigilance and proper verification.
Trade smart, trade safely!

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