Binance P2P is very popular in Pakistan, but sadly it has also become a target for scammers, especially new users.
Every week, people report losing money, frozen bank accounts, or fake payments.
Let’s explain how these scams happen and how you can protect yourself.
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🔍 What Is the Issue?
Binance P2P allows users to buy and sell crypto using local bank transfers. Binance provides an escrow system, but scammers try to trick users outside proper rules, or rush them into mistakes.
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⚠️ Common P2P Scams in Pakistan
1️⃣ Fake Payment Screenshot Scammers send fake bank transfer screenshots and ask you to release crypto quickly.
👉 Never trust screenshots. Check your bank app yourself.
2️⃣ Third-Party Payment Scam Buyer sends money from someone else’s bank account.
Later, the real owner reports it → your bank account gets frozen.
3️⃣ Overpayment Scam They send extra money “by mistake” and ask for a refund.
Later, the original payment is reversed → you lose crypto + refund money.
4️⃣ Off-Platform Deal Trap They ask you to trade on WhatsApp or Telegram for a better rate.
Once you send crypto, they disappear. No support, no recovery.
5️⃣ Bank Account Freeze Scam Money comes from stolen or hacked bank accounts.
When the victim complains, your bank freezes your account for investigation.
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🚫 Real Problems Faced by Pakistani Users
Many users reported bank accounts blocked after P2P trades
Some released crypto before confirming payment
Others trusted “good-looking” profiles using fake or stolen identities
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✅ How to Stay Safe on Binance P2P
✔ Always confirm money inside your bank account before releasing crypto
✔ Only accept payments from the buyer’s own bank account
✔ Keep all chats inside Binance — never move outside
✔ Report suspicious users using Binance’s Report button
✔ Trade with verified merchants and high completion rates
✔ Save screenshots, chat logs, and payment proofs
✔ If overpayment happens, don’t refund — contact Binance support
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🧠 Final Advice
Binance P2P is safe only if you follow the rules.
Scammers rely on pressure, speed, and trust.
Stay calm. Double-check everything.
Never release crypto until payment is 100% confirmed in your bank.
🔐 Stay alert. Stay safe. Trade smart.
