As crypto trading grows, scammers are finding new ways to trick users. One common scam is the Paid-But-Canceled scam. In this scheme, a seller asks you to cancel your order after payment, claiming there’s an issue. But once you cancel, they keep both your money and the crypto.

How to Protect Yourself:

Never cancel an order after paying without a confirmed refund.

Be cautious of deals that look too good.

Keep all conversations on Binance to ensure transparency.

If the seller doesn’t release the crypto after you’ve paid, file an appeal with Binance.

Secure Trading Tips:

Verify the seller’s reputation before trading.

Use Binance’s escrow system to secure your funds.

Keep a close watch on your account for any unusual activity.

By following these steps, you can avoid scams and trade safely on Binance P2P.

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