In my last experience with Binance P2P, I encountered a very interesting situation. I was buying USDT for $20, and the transaction started around 12:10 AM. I chose a merchant whose transaction file I had not reviewed very well, which was a mistake I made due to rushing.

The beginning of the fraud process:-

After I got the number I needed to transfer money, I completed the payment and sent the proof of transfer to the merchant. At first, everything seemed fine, but then the problems started. The merchant shut down the internet or logged out of the platform for about 15 minutes, which made me worried and thought there might be a network problem.

My steps to combat fraud:-

After waiting for half an hour, I decided to contact the trader and told him that I would file a report on Binance if the coins did not arrive in the next half hour. A few minutes later, the trader came back and said that he was busy at the gym and that his other phone had run out of battery, which further raised suspicions about his intentions.

Stay calm and take the right action:-

I didn’t give up and continued to pressure him calmly. I kept sending him messages reminding him to complete the deal, while maintaining my professionalism. Meanwhile, I activated the trial request on Binance, and sent them all the available evidence, including proof of payment and chat messages. The merchant tried to pressure me and threatened me with bad words, but I didn’t give up.

End and currency editing:-

I stayed in touch with the Binance support team and sent them all the available details. After several hours of continuous communication, the trader decided at 4:30 AM to release the coins, and the transaction was completed successfully.

Tips to Avoid Fraud When Trading on Binance P2P

1. Check the merchant's transaction history and ratings: Don't rush into choosing a merchant, make sure to check their ratings and transaction history.

2. Stay calm and be prepared: In case of a problem, stay calm and be prepared to provide evidence to the support team.

3. Activate protection: Use the platform's trial system to protect your rights, and do not hesitate to contact customer support when needed.

4. Ensure good communication: Make sure that communication with the merchant is clear and polite, and avoid emotions that may affect your position.

I hope this experience of mine is helpful to you, and please feel free to share your thoughts and experiences in the comments below.

Pictures of what happened:-

And in conclusion:

O Allah, I ask you to bless the efforts of all who read this article, and to grant them wisdom and the ability to make the right decisions in everything related to their investments. O Allah, protect them from all harm, and grant them success in their professional and personal lives, and forgive them and their families and provide for them from where they do not expect.🤍