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I lost 5000 dollars on p2p scam binance
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Scams on platforms like Binance P2P often involve trickery to steal money. Here’s how they typically happen:

1. Fake Proof of Payment

How It Works: Scammers show fake or edited proof of payment, making it look like they’ve sent money.

Impact: Victims release the cryptocurrency, but no payment was made.

2. Disappearing After Payment

How It Works: After receiving money, the scammer stops responding or denies receiving the payment.

Impact: Victims lose their funds with no crypto in return.

3. Escrow Manipulation

How It Works: Scammers may exploit misunderstandings of the escrow system to claim the victim didn't fulfill their side.

Impact: The victim might lose funds during the dispute resolution process.

4. Impersonation

How It Works: Scammers impersonate Binance staff or trusted traders and ask for sensitive details or off-platform payments.

Impact: Victims lose money or share personal information that can be misused.

5. Reversal Scams

How It Works: After receiving cryptocurrency, scammers initiate a payment reversal, claiming it was unauthorized.

Impact: The payment is reversed, but the crypto is already gone.

Protect Yourself

1. Trade with Verified Users: Stick to highly rated and verified traders.

2. Confirm Payment Before Releasing Crypto: Ensure the payment is genuine and confirmed.

3. Use Binance’s Escrow: Keep transactions within the platform’s secure system.

4. Verify Payment Proof: Double-check payments directly with your bank or service.

5. Be Wary of Impersonators: Avoid sharing sensitive info or making off-platform payments.

By being aware of these common scam tactics, you can better protect yourself from fraud.