Binance P2P users, beware! Paid-But-Canceled scams are on the rise. Learn how to identify and avoid these scams to protect your assets.

Scam Alert:

A seller convinces a buyer to cancel an order after payment, citing transaction issues. The scammer keeps both payment and cryptocurrency.

Safety Precautions:

1. Confirm refunds before canceling orders.
2. Report suspicious activity to Binance support.
3. Keep conversations on Binance.
4. File appeals for unresolved transactions.

Best Practices:

- Verify seller reputation.
- Use Binance's escrow service.
- Secure account and passwords.
- Monitor account activity.

Stay informed, stay safe:

- Take Binance's Scam Prevention Knowledge Test.
- Follow Binance safety guidelines.

Protect your assets and trade confidently.

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