Please Be Careful With Binance/Others P2p

[GiftedMAN]

It is simple. If I do not receive an alert showing me the account has been credited by the buyer with his or her name reflecting the same as that on the p2p platform OMO forget o. I not release anything not until you have proved beyond reasonable doubt that such payment is in line with Binance payment or transaction policy and it is coming from you because any small pkam your assets don go be that o. So everybody needs be alert and careful because these men dem no get joy o.

I no go lie scammers don plenty pass genuine people of I start to dey talk about my own matter now concerning this Binance thing eeh evgo be like say I carry the matter for head or say my own too much. I lost $125 last two weeks for this Binance matter like dis and the wey dem use binance take scam me till now I still dey surprise because I no believe say I fit fall for the trap but e happen and my eyes open more. Right now if dem like make payment send Me payment I go check for my bank app if the money don reflect not just atimes I dey even use part of the money buy data or airtime just to be sure say no be fake credit alert. Truth be told all this exchanges no really care if you lost your funds ooo laslas Dem go ask you to provide evidence say you no receive money and you go explain tire your money don go no evidence.

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[CryptSafe]

It is simple. If I do not receive an alert showing me the account has been credited by the buyer with his or her name reflecting the same as that on the p2p platform OMO forget o. I not release anything not until you have proved beyond reasonable doubt that such payment is in line with Binance payment or transaction policy and it is coming from you because any small pkam your assets don go be that o. So everybody needs be alert and careful because these men dem no get joy o.

I no go lie scammers don plenty pass genuine people of I start to dey talk about my own matter now concerning this Binance thing eeh evgo be like say I carry the matter for head or say my own too much. I lost $125 last two weeks for this Binance matter like dis and the wey dem use binance take scam me till now I still dey surprise because I no believe say I fit fall for the trap but e happen and my eyes open more. Right now if dem like make payment send Me payment I go check for my bank app if the money don reflect not just atimes I dey even use part of the money buy data or airtime just to be sure say no be fake credit alert. Truth be told all this exchanges no really care if you lost your funds ooo laslas Dem go ask you to provide evidence say you no receive money and you go explain tire your money don go no evidence.

These days no be time wey person go dey take dey hear story about money wey loss o. Person need be vigilant unto the exchange matter because scammers full every where so. Na the fake alert wey dem dey send they baffle me pass. As you talk about transaction first before release Na wetin I dey do so. As I receive alert I don buy card first and transfer to confirm the genuity of the transaction before person go fall victim of these scammers them wey no get conscience.

[DaNNy001]

This is practically the major problem everyone who is into p2p transaction will face because this issue is basically the root issue with any exchange and I have also experienced such and in my case I was the one buying and I had sent the money and the person was insisting that  he didn't receive payment on which I even went as far as also downloading my transaction statement and sending it as proof but the vendor was still persistent on not releasing the coins till I had to file an appeal my self and in no moment he contacted me that he has released the coins which from my own end I understood the whole reason why he actually refuse to release the bitcoin.

[nelson4lov]

This is practically the major problem everyone who is into p2p transaction will face because this issue is basically the root issue with any exchange and I have also experienced such and in my case I was the one buying and I had sent the money and the person was insisting that  he didn't receive payment on which I even went as far as also downloading my transaction statement and sending it as proof but the vendor was still persistent on not releasing the coins till I had to file an appeal my self and in no moment he contacted me that he has released the coins which from my own end I understood the whole reason why he actually refuse to release the bitcoin.

Sorry about that. The problem is not the exchange itself since they don't have a way of tracking fiat payment from the asset buyer. If the buyer provides a proof, they don't have a way to verify it too. It works both sides though like in your case where the seller denied receipt of the payment. Its not just Binance but also Bybit and Kucoin. Its a problem that is yet to be solved until it is, its best to stay active when ever we open p2p trades on these exchanges to counter things like this.

An ideal solution would be a way to track the transaction on chain so that it can be probable.

[Nwada001]

Sorry about that. The problem is not the exchange itself since they don't have a way of tracking fiat payment from the asset buyer. If the buyer provides a proof, they don't have a way to verify it too. It works both sides though like in your case where the seller denied receipt of the payment. Its not just Binance but also Bybit and Kucoin. Its a problem that is yet to be solved until it is, its best to stay active when ever we open p2p trades on these exchanges to counter things like this.

An ideal solution would be a way to track the transaction on chain so that it can be probable.

If I can remember vividly, I think I attended a similar case like this for a relative, where she wanted to buy a few USDT from Binance using the P2P option. She opened her order, selected the vendor to work with, and clicked on the payment option. After successfully making the payment, she forgot to click on paid and was dealing with other things until the time ran out. She checked back and could not find active trade history. She contacted me, which I checked, and tried chatting up the vendor, but they refused to use the send option of Binance pay ID.

After too much chat and disagreement with the guy who refused to receive the payment, the only option I had was to create another order with the same amount and figure from the same guy, click pay immediately, and send the old receipt as proof of payment. The guy wanted to disagree with the payment. I quickly moved the issue to appeal, and the customer support was so kind and in my favour as they asked both of us to provide evidence of payment and an account statement. To cut the whole story short, the guy later realised the fund was due to pressure.

So unless the scammer doesn't have an active order online, there are always little chances of receiving back the money, as they can follow the same procedure in a different way since the scammer is the one receiving.

[Igebotz]

Wow, so binance can actually complete a trade without the permission of the person holding back, I'm impressed.
Please I have a question, what if after the report by the lady and providing transaction evidence, binance try to reverse the transaction but the money has already been withdrawn by the other business partner

Binance support will never intervene unless the buyer/seller disputes the transaction and provides sufficient payment evidence. Remember that Binance will never ask you for a payment receipt since it is readily manipulated. Instead, most P2P support requests a shot video record of your bank app and statement of an account prior to the day of the transaction. This is the only method the system support can confirm payment and release the required assets to the owner.

And, in response to your question, Binance will never release assets unless they check the information presented is true, therefore such a situation will never occur.

Sorry about that. The problem is not the exchange itself since they don't have a way of tracking fiat payment from the asset buyer. If the buyer provides a proof, they don't have a way to verify it too.

That is why they only seek bank statements because they are the one thing that cannot be altered and whatever is reflected in your statement is what you have in your account. This is the only valid document they confirm transaction with.

[Marykeller]

Some vendors d act funny atimes. How they want make you release your coin wey be sae you never receive any alert for your phone. Like sae if they are one d go release their coin without receiving alert.

The vendor intentional do that to test whether you go fall mugu for wetin em wan display for your head but thank God sae you didn't and stood your ground not to release your coin until you receive alert.

Me ma sef, I don experience the same encounter with one of binance vendor long term ago. As you take talk your own experience na so my own take happen. I refuse not to release my coin until em kukuma give up to transfer the money to my account.  As for, I for no release my coin give am atall. Since em wan find whom em go chop mugu for em head.

[RockBell]

Some vendors d act funny atimes. How they want make you release your coin wey be sae you never receive any alert for your phone. Like sae if they are one d go release their coin without receiving alert.

The vendor intentional do that to test whether you go fall mugu for wetin em wan display for your head but thank God sae you didn't and stood your ground not to release your coin until you receive alert.

Me ma sef, I don experience the same encounter with one of binance vendor long term ago. As you take talk your own experience na so my own take happen. I refuse not to release my coin until em kukuma give up to transfer the money to my account.  As for, I for no release my coin give am atall. Since em wan find whom em go chop mugu for em head.

Something happened to me sotime ago how funny  the vendors actually behave sometimes and I'm sure many people would have been the victim.When I needed to sell a few USDT to start my journey, I entered the quantity to be sold and clicked "sell." After waiting for about 30 minutes, I got dressed and started getting ready when I noticed that this guy had not yet made any payments even though he had marked that he had paid. I called him and told him about the situation. He advised me to release the USDT, but I made it clear to him that I would not do so until I had been paid. As a result, I was unable to travel, and later that evening, the man cancelled the order. Someone just have to becareful with this guys.

[sokani]

If I can remember vividly, I think I attended a similar case like this for a relative, where she wanted to buy a few USDT from Binance using the P2P option. She opened her order, selected the vendor to work with, and clicked on the payment option. After successfully making the payment, she forgot to click on paid and was dealing with other things until the time ran out. She checked back and could not find active trade history. She contacted me, which I checked, and tried chatting up the vendor, but they refused to use the send option of Binance pay ID.

After too much chat and disagreement with the guy who refused to receive the payment, the only option I had was to create another order with the same amount and figure from the same guy, click pay immediately, and send the old receipt as proof of payment. The guy wanted to disagree with the payment. I quickly moved the issue to appeal, and the customer support was so kind and in my favour as they asked both of us to provide evidence of payment and an account statement. To cut the whole story short, the guy later realised the fund was due to pressure.

Dem say person wey dey ask question no dey miss road. So wen person select a particular vendor to trade with, di address wey di person go receive na dat of Binance abi? And di moment di person don complete with di transaction, di person suppose come back come tap on "paid", then wait for the vendor to credit im account first so dat im go confirm to Binance make dem release di funds to the vendor abi?

In this particular case your relative forgot to let Binance know that he/she has sent the fund, so that the vendor could be alerted to send the money as well. I don't think the vendor can lay claim to funds because it's trapped with Binance and what you did was really wise.

[SOKO-DEKE]

This is practically the major problem everyone who is into p2p transaction will face because this issue is basically the root issue with any exchange and I have also experienced such and in my case I was the one buying and I had sent the money and the person was insisting that  he didn't receive payment on which I even went as far as also downloading my transaction statement and sending it as proof but the vendor was still persistent on not releasing the coins till I had to file an appeal my self and in no moment he contacted me that he has released the coins which from my own end I understood the whole reason why he actually refuse to release the bitcoin.

I they always wonder why taking advantage of each other has become a common thing among our selfs, this  p2p is nothing logical I send funds you release, nothing stressful, but some idiots will want to steal from you. People have similar experiences in one form or another, and I love what you did after presenting him with the evidence and he refused to file an appeal. You made a daring decision here, and after the evidence mounts, he'll start to worry that his account might be suspended. Because of this, it's crucial to exercise caution before letting your money disappear. After all, there are numerous accounts of people fleeing with large sums of money.

[Nwada001]

If I can remember vividly, I think I attended a similar case like this for a relative, where she wanted to buy a few USDT from Binance using the P2P option. She opened her order, selected the vendor to work with, and clicked on the payment option. After successfully making the payment, she forgot to click on paid and was dealing with other things until the time ran out. She checked back and could not find active trade history. She contacted me, which I checked, and tried chatting up the vendor, but they refused to use the send option of Binance pay ID.

After too much chat and disagreement with the guy who refused to receive the payment, the only option I had was to create another order with the same amount and figure from the same guy, click pay immediately, and send the old receipt as proof of payment. The guy wanted to disagree with the payment. I quickly moved the issue to appeal, and the customer support was so kind and in my favour as they asked both of us to provide evidence of payment and an account statement. To cut the whole story short, the guy later realised the fund was due to pressure.

Dem say person wey dey ask question no dey miss road. So wen person select a particular vendor to trade with, di address wey di person go receive na dat of Binance abi? And di moment di person don complete with di transaction, di person suppose come back come tap on "paid", then wait for the vendor to credit im account first so dat im go confirm to Binance make dem release di funds to the vendor abi?

In this particular case your relative forgot to let Binance know that he/she has sent the fund, so that the vendor could be alerted to send the money as well. I don't think the vendor can lay claim to funds because it's trapped with Binance and what you did was really wise.

yes as you ask questions no bad, u don use P2P before ? I they ask because if you they use am you for know say the receiver no need add any wallet address for there before them complete any trade, Watin they happen be say Binance they freeze the coin way the person way wan sell they sell, then then the buy go use the account way the seller provide carry pay (note, diz account Binance no get access to am as nah personal account way no get connection with Binance aside say the name must match with Binance name).

If you send money and you no click on paid then the Binance app go assume say u no wan do the trade again but if u pay then due to network issue or anything, u get right to contact the person way been they sell lay complaints say u don pay, even Binance support go give advice make d person check if in receive or not if yes then make u either open new trade with same person or the seller use ur Binance ID carry send the exact amount give u.

[sokani]

Thanks man for the reply. Well all dis question na because I get one kind funny experience di first and only time wey I use P2P and na for Remitano. I no select any vendor, I just go to swap, select the asset wey I want sell and input di value. Then I receive a address wey I send the funds to. I think they merged me with a vendor, I send $80 USDT I no receive anything afta I don wait for some time and naso I take sleep off. Wen I wake up di next morning I see credit alert from my bank and some days afta wen I open di Remitano app dem bin don send me many messages.

So with di experience wey una dey share here, I was suppose to go to P2P to pick a vendor and initiate a trade. No much talk sha, na to just use like $10 - $20 with Binance P2P to really know how e dey go for there.  

[DaNNy001]

This is practically the major problem everyone who is into p2p transaction will face because this issue is basically the root issue with any exchange and I have also experienced such and in my case I was the one buying and I had sent the money and the person was insisting that  he didn't receive payment on which I even went as far as also downloading my transaction statement and sending it as proof but the vendor was still persistent on not releasing the coins till I had to file an appeal my self and in no moment he contacted me that he has released the coins which from my own end I understood the whole reason why he actually refuse to release the bitcoin.

I they always wonder why taking advantage of each other. there are numerous accounts of people fleeing with large sums of money.

That's what  I wonder too but I come notice another thing for this binance app wey be the vendor no fit pop up for the available list of people willing to buy or sell except the particular vendor has coins worth that amount, this na suggestion I no know if na actually so this exchange dey run am sha but I feel like na so but if na really the way them dey run am nai be say e go hard to run with big money because binance to supposed even allow you start a trade if you actually no get that kind amount of bitcoin for your wallet.

[Davidvictorson]

This advice doesn't only apply to crypto trading. Even in life, NEVER ALLOW ANYONE TO PUT PRESSURE ON YOU. This is because if you allow that you may end up doing rubbish or making a very costly mistake that you are bound to regret. What would have happen if Agbe had clicked on release payment only to find out that he had not yet gotten the payment. Would making a complaint to the service agent make the issue to be resolved or there will be nothing that they can do about it? I experienced a similar thing one time using remitano. I don't know how they did it but the issue was swiftly resolved and my money returned to my wallet.

[Philpsticks]

This same thing have happened to me I didn’t release oh the guy even reported me that he sent money and I didn’t release coin I waiting for more than 3hrs I didn’t see alert the guy have to text me to check my account and when I didn’t I saw the money if I accept that he have paid and I release coin that’s all for me,we have to be very careful no matter what don’t release if your bank app didn’t show you alert and those of you using opay don’t release coin when you receive message alert use your bank app.

[Agbe]

This won na another warning wey Binance dey give im
 Customers so make we followed weti dem dey tok. seeweti im tok

[Charles-Tim]

This warning is not for people that are trading naira on Binance. CNY is Chinese Yuan. The warning only appears if you select CNY.

Is there any Nigerian trading Chinese Yuan? I think Nigerians on Binance will prefer to only trade naira.

This warning do pop up on BinanceP2P since long time ago, even before naira redesign. I have noticed this on Binance since last year or so.

[promise444c5]

This happened to last month or thereabout and and yesterday again it repeat itself. I place an order to sell coins and in Binance, we are warned that we should received the money before releasing the coins to the buyer and if you release your coins, and the transaction failed, or the vendor did not send you the money, Binance will not reliable for your negligence and you are on your own. So after when I had planned the order, I waited for like 40 minutes for him to send the money so I could released the coins. And finally the guy said he has send the money but me I have not received the money. But the release link has shown yellow.

And I refused to release the coins since I have not seen the money in the bank account, and the guy was disturbing to release the coins but I refused. And later the guy asked me to send him another account number and I did, and he send the money to the second account number and I received the funds and I also released the coins.

All what I am saying here is, mostly to those who are not aware of this please be careful when dealing with vendors in Binance and any other exchange. Don't release your coins when you have not received your money. If the matter is serious tell the person to send you a screenshot of the payment slip. And make such you check the date, time and, minutes to know the exact time the transaction took place. And if all the information are correct then you can release the coins, because there are some times that the delay is from your side. But be careful. And how many of you have experienced that before?

Firstly, I noticed the use of conjunction word "and" repeatedly  you might want to take note of that.

Back to the discussion,  well if what you are saying seems true, then I don't think the woman sent the funds in the first place,for her to send the second payment  no thinking what happened to the first payment  can happen the second time .

To the part of the button to release  funds , this is should only be pressed after you've received the payment  besides, you confirmed it already.  It's like a rule on binance don't release anything without receiving payment and I think almost everyone knows that . I think the scammers look for people with no experience to defraud besides if you don't know anything about p2p and you go into it you might eventually incure loss on yourself

[Obari]

If the matter is serious tell the person to send you a screenshot of the payment slip. And make such you check the date, time and, minutes to know the exact time the transaction took place.

If you did not see the money on your bank account by checking you bank account through either the web or app, do not send the money until you see the money credited into your bank account. Do not ask for screenshot, it can be fake. The coin is on Binance, the only thing the buyer can do is to report you, but Binance will not do anything if you are not manipulating and able to defend youself with statement of account if need be. It is easy for a buyer to scam than a seller.

It is always easier  for sellers to be scammed than buyers and please for your safety sake, don't ever click on any random links because they might be phising links and possible scam and I already learnt this the hard way after been scammed on paxful and that's why I always preach against people clicking on any random links as those links could easily authorize your transaction without you knowing and that's always painful.
I don't think I will ever get scammed on exchanges ever again because I already have tye consciousness that I wouldn't release my coin until I receive  my money and I'm not clicking  on any random links.

[Wiwo]

If the matter is serious tell the person to send you a screenshot of the payment slip. And make such you check the date, time and, minutes to know the exact time the transaction took place.

If you did not see the money on your bank account by checking you bank account through either the web or app, do not send the money until you see the money credited into your bank account. Do not ask for screenshot, it can be fake. The coin is on Binance, the only thing the buyer can do is to report you, but Binance will not do anything if you are not manipulating and able to defend youself with statement of account if need be. It is easy for a buyer to scam than a seller.

It is always easier  for sellers to be scammed than buyers and please for your safety sake, don't ever click on any random links because they might be phising links and possible scam and I already learnt this the hard way after been scammed on paxful and that's why I always preach against people clicking on any random links as those links could easily authorize your transaction without you knowing and that's always painful.
I don't think I will ever get scammed on exchanges ever again because I already have tye consciousness that I wouldn't release my coin until I receive  my money and I'm not clicking  on any random links.

I don't know if it my browser personal cookies setting that blocks all those phishing links and the other random stuffs that are soft spots for scammer to exploit against their victims,  I haven't really seen any of those links while trading on P2p and as a matter of fact my phone screen setting is configured in such a way that I have to tap any link on an open app 3 times before it click,  this is a personal setting to avoid careless clicking that could grant access to anything without my notice.

Scammers are pain in the ass,  and those guys have no mercy and all that we need to do is to try as much as we can to protect ourselves against them by being concisely aware of all our actions.