Protect Your Bank Account from Freezing in Pakistan's P2P Trading 🚨
In Pakistan's P2P trading scene, avoiding forward disputes—where someone other than the sender complains can significantly reduce the risk of a bank account freeze.
If your account is frozen, it might not be because the sender complained, but because the sender's account was blocked due to fraud. This situation can involve innocent parties. 🛑
I've experienced account freezes on Binance P2P multiple times due to these issues, highlighting the platform's stringent security measures. 🛡️
🛡️ Precautions to Take 🛡️
1. Avoid Third-Party Payments: Never accept payments from third parties, even if they provide a CNIC. ❌
2. Verify Identity: If the name matches, request a video showing account statement history and both sides of their CNIC. 📸
3. Check Recent Transactions: Ask if they've received any payments in the last 3 days. 🕵️♂️ If they can't provide details, consider canceling the trade. 🚫
4. Bank Responses: Banks usually respond to suspicious payments within 3-6 hours. ⏰
5. Safe Mode: If they haven't received any payments recently, they're likely buying in a safer manner. ✅
6. Check MFBs and EMIs: For Microfinance Banks and Electronic Money Institutes, request the last 10 days of account history.
📅 Disputes in these cases can arise days later. ⚠️
These steps can help you avoid common scams like the "man-in-the-middle" and "triangle" scams, which are prevalent in P2P trading. Always ensure that the buyer's payment method matches their verified name on Binance, and be cautious of payments from third-party accounts vigilant and trade wisely! 🚀
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