I have heard that some scammers are making fake accounts on Binance for P2P and using hacked bank accounts for transfer. If we deal with them for P2P deals, our bank accounts can also get feezed. Have you ever faced this problem on Binance ? How can we reduce the chances of getting affected by this ?
I would imagine that someone using the method you mentioned would get caught quickly. I mean, for how long could someone use a bank account account that's not his? Regardless though, you can try to reduce the chances of dealing with such individuals by:
1. Dealing with individuals who have a lot of feedback.
2. Merchants (because they have to go through advanced verification).
3. Refuse to deal with anyone who has a Binance account with a different name than the bank account's name. A lot sellers would ask if you're okay with them sending funds from "their partners/friends account".