P2P Scam Alert: How to Avoid Losing Crypto in USDT Transactions (13 Key Steps)

I Got Scammed Selling USDT. Don’t Make My Mistake! (P2P Safety Guide)”

The Startling Truth About P2P Crypto Fraud

I never imagined that I would experience it. However, it did. I was selling USDT through P2P, and the buyer sent a fake bank receipt. I trusted it, released the crypto, and within minutes, NO MONEY arrived. The buyer vanished, leaving me scammed.

P2P scams are on the rise, and scammers are becoming more sophisticated. If you trade crypto peer-to-peer, you MUST follow these 13 security steps to stay safe.

13 Key Steps to Avoid P2P Scams in Crypto Banking

Before the Trade, Verification Steps

1. Check the Buyer’s/Seller’s Reputation

• Only trade with users who have high ratings and long transaction history.
• Avoid new accounts with zero feedback.

  2. Confirm Payment Method Details

• Ensure the buyer’s/seller’s bank name matches their profile.
• Cross-check account names to prevent fake payment scams.

  3. Use Binance P2P’s Escrow System

• Never trade outside Binance, escrow protects both parties.

  4. Set Clear Payment Time Limits

• Agree on a strict payment window (e.g., 15 minutes).
• If the buyer delays, the trade can be canceled.

During the Trade, Red Flags & Safety Checks

5. Never Trust Screenshots or Fake Receipts

• Scammers edit bank transfer screenshots, only trust your Bank  app.

   6. Wait for Funds to Reflect in Your Account

• DO NOT release crypto until money is fully credited.
• Some scammers use chargebacks or fake transfers.

  7. Verify the Sender’s Name Matches the P2P Profile

• If the bank name doesn’t match, it’s a scam.

  8. Beware of Overpayments or Fake Payment Claims

• If a buyer says they “sent extra money,” it’s a trick.

After the Trade – Protecting Yourself from Disputes

9. Record All Transaction Details

• Save chat logs, payment proofs, and wallet addresses.

10. Report Suspicious Buyers/Sellers Immediately

• Use Binance’s report function to block scammers.

11. Enable 2FA for Extra Security

• Secure your Binance account with Google Authenticator.

12. Use a P2P-Specific Bank Account

• Avoid using your main bank account to limit exposure.

13. Educate Yourself on Latest Scam Tactics

• To keep ahead of scammers, keep up with Auctela’s security updates.

How to Recover If You’ve Been Scammed
Contact Binance Support immediately with evidence.

• In the event that the sum is substantial, file a police report.
• Warn the crypto community to prevent others from falling victim.

Final Thoughts, Trade Safely on P2P Platforms

P2P trading is convenient but high-risk. Always:
✅ Verify before trusting
✅ Wait for real money, not screenshots
✅ Use Binance’s escrow system

Check out Auctela at https://www.auctela.com for additional crypto security advice.

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Author: Auctela | Website: www.auctela.com