Peer-to-peer (P2P) trading on Binance is a well-known method for buying and selling cryptocurrency, but fraudsters are becoming increasingly inventive. Here’s a breakdown of their tactics and tips on how to avoid falling victim.

🕵️ How Fraudsters Operate:

1. The Trap: You initiate a P2P transaction and complete the payment, but scammers might attempt to exploit this window.

2. The Lure: They reach out to you outside of Binance, often through Telegram or direct calls, persuading you to cancel the trade with excuses like payment issues.

3. The Con: Some even pretend to be Binance support, asking you to scan a Web Login QR code. This could provide them access to your account, allowing them to cancel the order and steal your cryptocurrency.

🔐 How to Stay Protected:

Never cancel a trade after sending the payment—scammers can use this to seize your crypto.

Avoid engaging with any requests from outside the Binance app. Official customer support will not reach out through unofficial platforms.

Always confirm requests by directly contacting Binance via the official app or website.

💪 Stay Cautious:

The crypto market is full of potential, but your security should always come first. Stay vigilant, safeguard your assets, and be wary of fraud. Your best defense is staying aware and cautious!

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