What is binance p2p scam?

$Binance P2P Scam a Closer Look

Binance P2P scam refers to fraudulent activities that occur on Binance's peer-to-peer (P2P) trading platform. Scammers exploit the platform to deceive users into parting with their cryptocurrency.

Common Types of Binance P2P Scams:

Fake Proof of Payment: Scammers send fake payment receipts, such as altered bank transfer screenshots, to convince you to release the cryptocurrency before the funds are actually received.

Payment Changes: After agreeing to a deal, scammers might request additional funds or change payment details, leading to losses.

Account Takeover: Hackers might compromise your Binance account and steal your cryptocurrency through P2P trades.

Impersonation: Scammers pose as Binance support or other trusted entities to gain your trust and access to your funds.  

Triangle Scams: Involving multiple parties, scammers manipulate the platform to steal cryptocurrency from unsuspecting users. #P2PScams #btc #MarketDownturn #BinanceTurns7