Post
Topic
Board Exchanges
Re: Are chances of fraud very high on Binance P2P transactions ?
by
libert19
on 22/10/2023, 03:54:30 UTC
My colleague frequently deals on binance p2p, his tip is, stick to reputed buyers/sellers even tho rates might be less. Scammers lure often by greed.
But you need to know that every time you transact in P2P, make sure to see whether the balance has been sent or not to the account,
if not, never press the Release button.
When nothing is sent until the payment time expires you can report the merchant and give negative feedback.

That's obvious thing but If you were scammed, then even if you did press release button only after receiving the funds, you will get chargeback and 0 funds for selling your coins. If something like this happens to you, do remember to give that buyer negative feedback so others don't get scammed as you did.