P2P transactions on Binance are now prime targets for scammers! With fraudsters getting increasingly sophisticated, it's crucial to stay informed and safeguard your trades. ⚠️

🔴 **Scam Alert:**

- **Fake Payment Notifications:** Scammers send convincing SMS or email alerts that appear to be from your bank or e-wallet, tricking you into thinking payment has been made. Reality? No funds have been transferred!

- **Chargeback Scam:** The scammer completes the transaction, then reverses the payment, leaving you out of both your crypto and money! 😡 (Source: BitPinas, Binance)

💡 **How to Protect Yourself:**

- **Verify Payments Directly:** Check your bank or wallet balance yourself. Don’t rely on SMS or email alerts—log in to confirm funds before releasing your crypto.

- **Communicate Within Binance:** Keep all interactions on the Binance platform. Requests to move conversations outside are major red flags. 😤

- **Double-Check Payment Details:** Ensure the buyer’s name matches their verified Binance account. If it doesn’t, 🚫 do not proceed!

**Stay alert and protect your assets with these essential tips!** By following these steps, you can prevent falling victim to scams and keep your trades secure.

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