Peer-to-peer (P2P) trading on Binance offers a convenient way to buy and sell cryptocurrency, but scammers have become increasingly creative. To protect yourself, it’s crucial to understand their tactics and how to avoid falling victim.

How Scammers Operate:

The Setup: After placing a P2P order and making a payment, scammers may strike at this vulnerable moment.

The Hook: They reach out via unofficial channels like Telegram or phone calls, claiming payment delays and urging you to cancel the order.

The Master Plan: Some fraudsters impersonate Binance support, asking you to scan a Web Login QR code. This grants them access to your account, allowing them to cancel orders and steal your funds.

How to Stay Safe:

Never cancel an order after making payment—this could give scammers control over your crypto.

Ignore external contact via non-Binance platforms. Binance support will never reach out through unofficial means.

Always verify requests by contacting Binance directly through the app or website.

Stay Vigilant:

While the crypto world offers many opportunities, staying safe is paramount. Remain alert, protect your assets, and never fall for suspicious requests. Your best defense is vigilance!

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