🚨🚨 ALARMING NEWS ALERT🚨🚨

Facing the Same Issues Again on Binance P2P ⚠️

In Pakistan, people are encountering recurring P2P forward disputes on Binance. Not due to buyer complaints, but because their accounts were blocked, which led to my account being blocked as well. Here's what happened:

🔸 Common Factors in Disputes:

- Buyers engaged in deals outside of Binance.

- Received payments from others, bought USDT from me, and sold it at a higher rate elsewhere.

- All buyers were new and made transactions outside Binance without securing proof or sources of funds.

🔸 Resulting Issues:

- Original senders filed fraud complaints against buyers.

- Buyers' accounts were blocked, leading to my account being blocked.

- In one case, the payment was credited back to my account after settlement.

- In the remaining two cases, I had to reverse the payments as buyers didn't settle.

🔹 Precautions for Safer Transactions on Binance P2P:

- **Always obtain a video statement** and the buyer's mobile number.

- The CNIC is less valuable; a video statement is more substantial evidence.

- Alternatively, record a video of the buyer's transaction history from the last 24 hours.

- If payment is received in their account, request the CNIC of the sender or cancel the trade.

🔍 Important Takeaway:

- Binance implements robust security measures for merchants, but users must stay vigilant.

- Collect all necessary evidence to avoid disputes and protect your account.

By taking these precautions, you can ensure more secure transactions on Binance P2P and avoid the complications I experienced. Stay informed and stay safe!

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