Binance P2P Scams i lost 10,000 dollars

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P2P (peer-to-peer) trading on Binance allows users to trade directly with each other, but itโ€™s also targeted by scammers. Here's how some of the most common scams operate:

Common Scams:

1. Fake Payment Confirmations:

Scammers send false payment proofs to make it appear as if theyโ€™ve transferred funds. Sellers, believing theyโ€™ve been paid, release their cryptocurrency without verifying the paymentโ€‹โ€‹โ€‹โ€‹.

2. Impersonation:

Fraudsters create fake profiles mimicking trusted traders or Binance support. They manipulate users into trusting them, leading to compromised tradesโ€‹โ€‹โ€‹โ€‹.

3. Chargeback Fraud:

Scammers use payment methods like credit cards, complete the trade, and then reverse the payment (chargeback) while keeping the cryptoโ€‹โ€‹.

4. Phishing:

Scammers direct users to fake Binance websites or send deceptive emails to steal login credentials, gaining unauthorized access to accountsโ€‹โ€‹.

5. Too-Good-to-Be-True Offers:

Scammers offer highly attractive exchange rates. Once the victim engages, they manipulate the transactionโ€‹โ€‹.

Protection Tips:

Verify Payments Independently: Always check your payment app or bank account, not just screenshots.

Enable Security Features: Use two-factor authentication and anti-phishing codes for extra securityโ€‹โ€‹.

Trade Only on Binanceโ€™s Platform: Avoid external communication or unofficial channels.

Report Issues Promptly: Use Binanceโ€™s in-app dispute features for resolutionโ€‹โ€‹.

By staying vigilant and following these practices, you can minimize the risk of falling victim to P2P scams. For more details, check Binance's official guidance on โ€‹โ€‹.