Re: Are chances of fraud very high on Binance P2P transactions ?
Hacked bank accounts ? How ? If anyone has hacked a bank account, he would rather withdraw the money rather than spending it slowly to pay for the P2P deals. Wouldn't the original owner get notified that a transaction is made from his bank account without his knowledge 
I don't use Binance but I think what they do is steal the data of other people and use it for their Binance account. They use the details of that victim to create a fake account that they use to scam other people.
I don't think that account can be verified though, that is why it's always advisable to only deal with verified accounts, not like it's 100% secure, but it's better.
We just have to be careful of how and where we drop our personal documents because we do not know what they can be used for.
Centralized exchanges carry too many risks.