BEWARE OF BINANCE P2P

[Mariovmtz]

Hi everyone,

Im new to the forum and I just wanted to share my experience with Binance P2P and how I was scammed, please forgive my english its not my native language.

I have been using Binance for sometime and everything was working great, until I was a victim of an elaborated scam for a lot of money using his P2P service.

Basically some user made an offer in one of my advertisments and canceled inmediately, but in my payment method my telephone number was written.

I got contacted after sometime by whatsapp by a guy in venezuela named"Ramon Rangel" he said he wanted to buy my crypto and in order to do so we should use binance so both of us will be safe.

He said I had to make an offer on a specific advertisment by an user and that I had to copy paste a name and a number given by him, that this person was his friend and he will inmediately know what to do, I did as he said.

Not even 3 minutes passed and i realized that the counterpart deposited the money to the number I gave to him, suddenly I understood that I gave a bank account of a third party in the chatbox, however i never specified that the funds had to be transfered there.

At the beginning I thought everything was going to be alright because I never said any keyword like "deposit in this account", "send money here" or something similar, the payment method of the order was displaying my real name and my real account.

I opened an appeal and I lost it, binance kept asking for "evidence" that I did not have, "please show us a video accessing the account where the buyer deposited you and that you didnt receive any payment"

I told them many times that I could not access that account that it was not mine but they kept asking a video of me accesing that account.

I did everything that was in my hands to provide further information, I wrote a letter, sent a video of me explaining the situation and they kept asking for the same video.

I lost all my funds, binance decided to release them to the buyer.

I do not know if the buyer was colluded with this person that contacted me, maybe he was, maybe not

I thought my funds were safe with Binace, I never released funds before checking my bank account and never accepted payments of a third party.

I was a proxy in an elaborated scam where the scammer told me to offer in an advertisment and I copied and pasted a number and a name that never matched the original payment method.

Binance gave all the support to the buyer, I got ripped off, they never read or listened my case, even when I told them that the buyer deposited in an account that didnt even match the one in the purchase.

All the "advises" that binance gave were generic and useless at this moment:

1 - Please dont share your telephone number in your payment methods (which is stupid because my payment method requests a telephone number)
2 - Please dont share third party accounts (I didnt even realized I was sharing a third party account)
3 - Please show us the video evidence of your account not having the money (How am i supposed to show them if it was not my account?)
4 - Please notify the police in your region (Cmon guys I was scammed by someone from another country)

It even sounds stupid: I lost all my funds because I copied and pasted a name and a number in the chatbox without specifying anything else, buyer recklessly deposited instead of asking for confirmation or even realizing that the names in the payment method and the chatbox didnt even match.

Lessons learned:

- Crypto world is a cesspool full of scammers
- Binance support team is crap, generic answer, no telephone to call, a lot of time to review cases, dont even try to provide arguments to them, they will keep asking for the same over and over again.
- Binance owns your funds and they decide what to do with them, they say that they are not responsible for user transactions in P2P, however they are judges during an appel.
- Once their CS team decides what to do with your money, you cannot do anything anymore, nobody to write or to complain, impossible to make a demand.

Binance is acting like "bank" but without wanting to be a bank, they are actually worst than a bank, I have never seen a bank giving funds to someone that deposited to a wrong account, binance however can do it.

Do you really want to keep your hard earned money in a place like this? a place where you cannot demand, where you cannot call, where they give generic answers with a bot? and where they decided what to do with your money? seriously trading in real or by whatsapp is safer,

I think crypto has a lot of future ahead but not in the hands of the exchanges that exists now.

I do hope for future regulations someday.

[1715613259]

1715613259

[1715613259]

1715613259

[1715613259]

1715613259

[1715613259]

1715613259

[BitcoinGirl.Club]

He said I had to make an offer on a specific advertisment by an user and that I had to copy paste a name and a number given by him, that this person was his friend and he will inmediately know what to do, I did as he said.

They have a chat box. Did he ask to send those info in the chatbox.

Not even 3 minutes passed and i realized that the counterpart deposited the money to the number I gave to him, suddenly I understood that I gave a bank account of a third party in the chatbox, however i never specified that the funds had to be transfered there.

I don't understand this part. You said he deposited the money to your number/bank whatever which means you owe the crypto to him. Then why would you even need the customer support?

[actmyname]

It even sounds stupid: I lost all my funds because I copied and pasted a name and a number in the chatbox without specifying anything else, buyer recklessly deposited instead of asking for confirmation or even realizing that the names in the payment method and the chatbox didnt even match [...] Binance is acting like "bank" but without wanting to be a bank, they are actually worst than a bank, I have never seen a bank giving funds to someone that deposited to a wrong account, binance however can do it.

Imagine the situation from outside your perspective.

You post an offer. A user accepts the offer.
You paste down a name and phone number in the trade. The user proceeds with the transaction using that information.
Binance probably sees nothing wrong with what the user did - in fact, you're the one that looks shadier here!That might not be the truth, but those are the optics for whatever support agent handled your case.

You did get conned, but that's why trading platforms demand stringent caution.

Here's how someone in your situation could have been a legitimate scammer with your grievances:
Fake those third-party message logs requesting c&p, either beforehand with a sockpuppet account or afterward with image tools/imitation apps, to an account you control.
Create a trade offer with your original information, but message your trading party the details from the logs.
Pretend that you got scammed to Binance support to get your crypto back after the trade.

[virasog]

I was a proxy in an elaborated scam where the scammer told me to offer in an advertisment and I copied and pasted a number and a name that never matched the original payment method.

I do not understand why do you blame binance in this case? It was fault on your part that you copy paste a number and name which was not yours. You could have pasted the name only, why did you pasted the number of a payment method which was not yours. When dealing with financial transactions and especially online ones, you need to be extra careful and think twice before performing any step. A simple mistake like you have done, could cost you a big financial loss.

[cryptomaniac_xxx]

I hate to break the bubble for you but it is not Binance fault here, they are just a facilitator as a platform to help traders do P2P.

So the risk is in our side, to make everything clear between you and the other party, if there is a misunderstanding and their is a mistake between you and the other party, then nothing Binance can do.

Of course they can ban the account and everything, but what if they just send fake documents?

P.S. I was scammed in Binance P2P about 3 weeks ago.

[lotfiuser]

to understand he asked you to copy payment information from a specific ad and post it to your trade order ?

[khaled0111]

Hi everyone,
He said I had to make an offer on a specific advertisment by an user and that I had to copy paste a name and a number given by him, that this person was his friend and he will inmediately know what to do, I did as he said.

Sorry to hear about what happened to you but you bear part of the responsibility on it. Didn't you find his request to copy-paste a name and a number is a bit strange? Didn't you ask your self why he asked you to do that?
If you were OK with the rate the buyer was was offering then why didn't you trade with him directly (without the need for a middleman)?

buyer recklessly deposited instead of asking for confirmation or even realizing that the names in the payment method and the chatbox didnt even match

I've been using binance p2p a lot recently and can guarantee you that most merchants don't check if the payment details matches the name registered on binance(although it's a must according to binance p2p user transaction policy). They process a lot of orders and just don't have enough time for that.

[UserU]

P.S. I was scammed in Binance P2P about 3 weeks ago.

Was it through the same modus operandi?

[rat03gopoh]

Honestly, from your writing it is difficult to understand how the chronology of this scam was carried out. Don't know until to what point you sent the crypto, or whether the scammers sent the money first, I don't know. Until when your case was made public, I just found out that a phone number is needed in Binance p2p transactions just for communication. Afaik, off-platform conversations don't count.

I think binance support feels the same way so your case is poorly resolved.

[Taskford]

P.S. I was scammed in Binance P2P about 3 weeks ago.

Was it through the same modus operandi?

Maybe that it is since I also heard so many scams happened on p2p maybe binance should do something with this since eventhough how strict they are still there are people who can do such activities to their platform.

If the amount involve is huge then maybe they the affected person should file a case so that binance will cooperate then this guys will be in jail.

[cryptomaniac_xxx]

P.S. I was scammed in Binance P2P about 3 weeks ago.

Was it through the same modus operandi?

No, but this is how it is if you are curious.

1. I wanted to exchange by USDT to my local currency.
2. I chooses amongst the list, he was in the top and offering a good a higher exchange rate (perhaps it was a red flag, too good to be true offer)
3. So I make a trade with him
4. I received a sms message saying that I got the local money already (I didn't check my wallet, that's my fault)
5. I released everything.
6. Money never come into my wallet
7. Reported it to Binance, and the wallet services, but this scammers are very fast as they have withdraw the money then and then.

[UserU]

No, but this is how it is if you are curious.

1. I wanted to exchange by USDT to my local currency.
2. I chooses amongst the list, he was in the top and offering a good a higher exchange rate (perhaps it was a red flag, too good to be true offer)
3. So I make a trade with him
4. I received a sms message saying that I got the local money already (I didn't check my wallet, that's my fault)
5. I released everything.
6. Money never come into my wallet
7. Reported it to Binance, and the wallet services, but this scammers are very fast as they have withdraw the money then and then.

Damn, sorry for your loss.

You might want to install the Binance app as an added security layer, since it notifies you on the any deposits/ withdrawals/ trades.

Was he an established merchant (i.e. has lots of ratings)?

[malcovi2]

this is why most people in p2p no longer deal with international and 3rd-party involvment because of the scam going on.

[khaled0111]

...

Hey UserU, maybe you missed it but if you re-read the OP you will figure out that the issue has nothing to do with the binance app or any of its second layer securities.
OP got scammed because he made a deal with someone outside of the platform. For this, he is fully responsible for whatever might go wrong.
He concluded a deal outside of the platform (copy/paste coords from whatsapp) and according to binance p2p rules this is not allowed.

[stompix]

He said I had to make an offer on a specific advertisment by an user and that I had to copy paste a name and a number given by him, that this person was his friend and he will inmediately know what to do, I did as he said.

They have a chat box. Did he ask to send those info in the chatbox.
~
I don't understand this part. You said he deposited the money to your number/bank whatever which means you owe the crypto to him. Then why would you even need the customer support?

Honestly, from your writing it is difficult to understand how the chronology of this scam was carried out.

He got scammed in a pretty lame way, so here is the TLDR

1. The scammer got his mobile phone number
2. Scammer called and he offered him a very good deal with a trader, telling him that in order to get that deal he must tell he was referred by him by copy-pasting his name and a number in chat
3. OP entered the chatbox, and copy-pasted not only the referral name but also the scammer's bank account
4. The scammer sent the money to that bank account which was obviously his and took the coins too

OP can't do anything because he entered in the chat the scammer's payment details instead of his own, so Binance can't do a thing. Imagine that everyone would claim tomorrow that the own payment details he entered in chat are not his own..

3. So I make a trade with him
4. I received a sms message saying that I got the local money already (I didn't check my wallet, that's my fault)

Sorry for the loss but didn't you find it weird, as I assume you had multiple transactions that there was a different number and no sense id? Of course, I might be wrong but here all the banks have a sender ID and you can't buy any name resembling a bank from any SMS provider.

[tvplus006]

...I have been using Binance for sometime and everything was working great, until I was a victim of an elaborated scam for a lot of money using his P2P service...

You have lost your money because you violated the rules established by Binance for p2p trading. If you had followed the recommendations of https://www.binance.com/en/blog/p2p/binance-p2p-newbie-guide-7428324997079645557, it would not have been difficult for you to appeal and your money would have been returned to your account.

[BitcoinGirl.Club]

3. OP entered the chatbox, and copy-pasted not only the referral name but also the scammer's bank account
4. The scammer sent the money to that bank account which was obviously his and took the coins too

That was naive. In the case Binance saw the money was sent to that bank account and released the coins to the scammer. There are no blaming to Binance.

Was he an established merchant (i.e. has lots of ratings)?

For Binance, the buyer is the victim and OP is the scammer. If they moderate the ratings then they will in fact chance the OPs rating not the buyers.

[UserU]

Hey UserU, maybe you missed it but if you re-read the OP you will figure out that the issue has nothing to do with the binance app or any of its second layer securities.
OP got scammed because he made a deal with someone outside of the platform. For this, he is fully responsible for whatever might go wrong.
He concluded a deal outside of the platform (copy/paste coords from whatsapp) and according to binance p2p rules this is not allowed.

I was referring to cryptomaniac.

He dealt with the buyer on the Binance platform, but didn't have the app installed which added an extra security layer.

So he was mistakenly led into believing the funds were already deposited, hence mistakenly releasing the USDT to the buyer.