Stay vigilant, Binance P2P users! Paid-But-Canceled scams are on the rise. Follow these expert tips to protect your assets:
Scam Tactics:
- Fraudulent sellers convince buyers to cancel orders after payment
- False claims of transaction issues or technical difficulties
- Requests for payment outside Binance
Protect Yourself:
1. Verify seller reputation and ratings
2. Use Binance's escrow service
3. Keep conversations within Binance
4. Report suspicious activity
Best Practices:
- Confirm refunds before canceling orders
- Monitor account activity
- Secure account and password
Stay Safe:
- Take Binance's Scam Prevention Knowledge Test
- Follow Binance safety guidelines
Secure your assets, trade confidently.
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