The main point

  • Binance P2P risk alerts help protect you from fraud when trading.

  • Each risk alert is tailored specifically to you and is not just a generic notification. Make sure you pay attention!

The new Binance P2P feature is here to keep you safe and protected. This personalized risk warning should not be ignored!

We are pleased to present a new feature designed to protect users and increase security: Binance P2P Risk Alert. This innovative tool was created to provide valuable information and practical tips to our users. With this tool, our community has an increased opportunity to stay safe and avoid potential fraud when conducting P2P trading.

User security is our top priority, and we have developed this new feature to keep users informed and alert to the most common risks and threats. Please understand that Binance P2P risk alerts are tailored specifically to you and are not just general notifications.

Make sure you read these warnings and always be vigilant when trading P2P so we can all enjoy better security together! Therefore, let's learn how to benefit from this new and important tool in your trading journey.

Importance and Advantages of Risk Warnings in Crypto Trading Platforms

Risk alerts play an important role in enhancing security and optimizing user experience on Binance P2P. These personalized notifications provide timely and relevant information about potential risks so you can make informed decisions during P2P trading activities.

The main advantages of risk warnings

  1. Enhanced security: By detecting and notifying users of potential threats or suspicious activity tailored to their trading habits, risk alerts add an extra layer of security.

  2. Proactive risk management: Personalized alerts enable users to take proactive action to protect themselves from fraud and other threats thereby reducing the chances of them falling victim to such activities.

  3. Better user experience: Customized risk alerts ensure users receive alerts that are relevant to their trading activities so that users are not overwhelmed by redundant or irrelevant notifications.

What Makes Risk Alerts Different from General Notifications?

Risk alerts differ from general notifications in several aspects that make them an important tool for identifying and mitigating potential risks:

Targeted alerts

Risk alerts focus on specific issues that pose a threat to users engaging in trading by providing targeted alerts to keep users alert during potentially risky situations.

Immediate notifications

These alerts are displayed in real-time during interactions in the P2P trading chat box to ensure that users are immediately informed of potential risks and can immediately take appropriate steps.

How to Recognize Risk Warnings

Recognizing risk warnings is essential to creating a safe and secure trading experience on P2P platforms. You can see the most common types of risk alerts and their explanations below:

  • Early release: Anyone who asks you to release your coins first is most likely  a scammer.

  • Fake customer service: Anyone claiming to be a customer service or P2P team member is almost certainly a fraud.

  • Offline payments: Authorized sellers will provide payment details in the Binance P2P ad description. Scammers will send details outside the chat.

  • Third party payments: Do not accept third party payments. This may result in chargebacks, bank account freezes, or other risks.

  • Fake authorities: Beware of fake authorities asking you to release funds early. Don't be afraid of false threats of penalties and don't release coins prematurely. Immediately report any suspicious activity to the Binance customer support team.

  • Mobile number: Beware of phishing scams. Do not share your mobile number with counterparties via Binance chat as you will likely become a target of phishing scams. Do not transact offline.

  • Fake proof of payment: Do not release crypto if you cannot check your bank account and confirm that payment was received.

  • Fake emails: Beware of fake Binance emails. Anyone who asks for your email in the chat box is most likely a scammer. There is no Binance Escrow service for your fiat payments.

  • Opt-in (consent) issues: Anyone who asks you to cancel your order after you've made payment is most likely a scammer. Don't accept the call or believe any explanation.

Vigilance is the Key to Staying Safe

Remember, being vigilant and staying up to date on current developments are some of the best tools you can use to fight fraudsters. We hope that our new Risk Alert feature will further increase protection and keep the community safe when conducting P2P trading. As always, if you have any questions about P2P trading, make sure you contact our customer support team for further assistance.

Further Reading

  • (Blog)  How to Recognize and Avoid P2P Fraud

  • (Support) How to Avoid Proof of Payment Fraud in P2P Trading

  • (Blog)  Binance P2P: Tips to Protect Your Bitcoin and Avoid Fraud

  • (Blog) How Does the Binance P2P Escrow Service Work?


Disclaimer: Your use of the Binance P2P service and all information and other content (including that of third parties) included in or accessible from the Binance P2P service is a decision based on your own risk considerations. Our sole responsibility is to handle crypto transactions. All payments are final upon completion unless otherwise required by law. The Binance P2P Platform has no right or obligation to resolve any disputes arising from completed payments. Neither the Binance P2P platform nor the merchant is responsible for any of your losses in completed payments.