🚨 Beware of P2P Scams on Binance! 🚨

Scammers are getting smarter on peer-to-peer platforms! Here’s how they operate:

⚠️ 1. Fake Payment Proof (Receipt Scam)

Scam Tactic: Scammer sends a fake payment receipt.Trap: They pressure you to release crypto without verifying payment.

⚠️ 2. Chargeback Fraud (Reversed Payment)

Scam Tactic: Payment is made using a reversible method (e.g., PayPal).Trap: After receiving the crypto, they initiate a chargeback, reversing the payment.

⚠️ 3. Third-Party Payment Scam

Scam Tactic: Payment is made using a stolen bank account.Trap: The real account owner disputes it, leading to frozen funds or legal issues.

⚠️ 4. Overpayment Scam

Scam Tactic: Buyer "accidentally" overpays and asks for a refund to a different account.Trap: The original payment gets reversed, and the scammer keeps the refund.

⚠️ 5. Fake Dispute Scam

Scam Tactic: Scammer falsely claims they didn’t receive the crypto.Trap: Without strong proof, Binance may side with the scammer.

🔒 How to Protect Yourself:

✅ Use Binance’s Escrow System – Never release crypto without confirming real payment.
✅ Verify Transactions Independently – Check your bank or wallet directly.
✅ Avoid Third-Party Payments – Only accept payments from accounts that match the buyer's name.
✅ Be Cautious with Reversible Payments – Prefer instant and final payment methods.

🚨 Stay Alert and Trade Safely! 🚨a

#Binance #CryptoAwareness #CryptoDash #BinanceSquare #BTC