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've used the Binance P2P service and I've not had any challenges but that doesn't mean there are no scammers. A user can get his account frozen by unknowingly trading with a fraudster who's laundering money through the exchange and possibly looking for a way to hide the stolen funds by trading with innocent users. Sadly, one of the setbacks of P2P trades is that you don't know who you're transacting with and the source of the person's funds and I doubt if there's anything can be done to mitigate this risk.