With crypto trading growing more popular, scammers are getting cleverer. One scam to be aware of on Binance P2P is the Paid-But-Canceled scam. This is where a scammer convinces you to cancel your order after you’ve made a payment. Once canceled, they keep your money and the crypto.
Prevention Tips:
Don’t cancel an order after making a payment unless your refund is confirmed.
Stay alert for deals that seem too good to be true.
Always communicate on Binance to keep your trade safe.
If you don’t receive the crypto after payment, file an appeal with Binance support.
Safe Trading Advice:
Look at the seller’s reputation before trading.
Use Binance’s escrow system to protect your funds.
Keep your account secure and check for any strange activity.
By following these tips, you can avoid scams and trade safely on Binance P2P.
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