There are several types of crypto P2P scams on Binance, some of the most common ones include:
1. Fake customer service representative:
Scammers will impersonate Binance customer service representatives and try to contact you through various channels like phone, email, or social media. They might ask for your personal information or try to convince you to send them your crypto assets. Be wary of anyone who contacts you claiming to be from Binance support unless you initiated the contact yourself.
2. Fake receipt scams:
Scammers will send you fake bank transfer receipts or other forms of proof of payment, claiming they have already sent you the money for the crypto you are selling. They will then pressure you to release the crypto before you have a chance to verify the payment. Always double-check your account before releasing any crypto.
3. Wrong transfer scam:
Scammers will pretend to send you the wrong amount of crypto and ask you to send back the difference. This is a way to trick you into sending them more crypto than you intended. Always double-check the transaction details before sending any crypto.
4. Chargeback fraud:
Scammers will buy crypto from you using stolen credit cards or bank accounts. They will then initiate a chargeback with their bank, claiming they never authorized the transaction. This can result in your account being frozen or even banned from Binance.
5. Parallel order scam (Triangle scam):
This scam involves two scammers working together. One scammer will place an order to buy crypto from you, while the other scammer will place an order to sell the same crypto to someone else at a higher price. Once you release the crypto to the first scammer, they will sell it to the second scammer for a profit. You will be left with nothing.
Here are some tips on how to avoid P2P scams on Binance:
- Only trade with verified users.
- Always double-check the transaction details before sending any crypto.
- Never release the crypto before you have received the payment.
- Be wary of anyone who asks for your personal information.
- If you suspect that you are being scammed, report it to Binance immediately.
For more information on how to spot and avoid P2P scams, you can refer to the following resources:
- Binance P2P Scam Alert: https://www.binance.com/en/blog/p2p/how-to-spot-and-avoid-p2p-scams-and-fraud-6416111153825153913
- How to Spot and Avoid P2P Scams and Fraud: https://www.binance.com/en/blog/p2p/how-to-spot-and-avoid-p2p-scams-and-fraud-6416111153825153913
- Anti-Scam Ninja Program: https://www.binance.com/en/support/faq/how-to-report-p2p-scams-on-binance-app-f91ae799a4d146af9f36b2a38778c8d8
