Peer-to-peer trading on Binance is generally secure thanks to its escrow system, but every now and then, buyers run into a stressful situation: they send payment, yet the seller refuses to release the crypto. If this happens, don’t panic—your funds are protected. Here’s how to handle it like a pro.

🔒 Understanding Binance Escrow

Whenever you open a P2P trade, the seller’s crypto is automatically locked in Binance’s escrow wallet. This ensures they cannot withdraw or move those funds until the transaction is finalized. If you’ve paid but the seller delays, Binance can step in once you file a dispute.

✅ Step-by-Step Action Pla

1. Secure Proof of Payment

Keep every trace of your transaction:

  • Bank slip or screenshot

  • SMS/email confirmation

  • Transaction reference ID

⚠ Never upload fake documents—doing so can get your account suspended permanently.

2. Remind the Seller (Politely)

Often, delays are genuine. Drop a professional note in the P2P chat, e.g.:

👉 “Payment sent. Kindly confirm and release the crypto.”

3. File a Dispute (Appeal)

If the seller ignores or refuses:

  • Click “Appeal” on the order page.

  • Upload your payment evidence.

  • Binance’s dispute team will review both sides.

In most legitimate cases, Binance rules in favor of the buyer and releases the assets.

4. Flag Repeat Offender

Bad actors risk losing merchant status or even permanent suspension. You can also block them to avoid future interactions.

đŸš« Mistakes to Avoid

  • Don’t send extra funds under pressure.

  • Don’t move the conversation outside Binance (WhatsApp/Telegram = red flags).

  • Don’t overshare personal banking details.

💡 Pro Tips for Safer P2P Trading

  • Trade with verified merchants and high-rated users.

  • Keep all communication inside Binance chat.

  • Always check the seller’s terms before paying.

  • Use your own verified bank account only.

📌 Final Word

If you’ve paid and the seller doesn’t release the crypto, remember: Binance escrow is on your side. Stay calm, keep records, communicate clearly, and if necessary, escalate with a dispute. Awareness and discipline are your strongest defenses in P2P trading

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