hi guys, i want to know if implementing KYC will prevent a scammer buyer from requesting a chargeback?
So far, my experience selling and buying on Binance has been good.
What happen if a scammer decide to do a chargeback?
I hope Binance will give KYC to us and we report it to relevant authorities.
Binance isn't p2p so you are not going to face chargeback issues while trading there.
Chargebacks are happening too often on paxful,LBC where KYC becomes mandatory to eliminate scammers but still it is not going to prevent scammers, only you have to choose the trader you are going to deal with wisely.