Scammed on Binance P2P: My 3-Day Ordeal and How to Avoid It

We all know that when it comes to using P2P to convert your money to your local currency, Binance is actually the best place for you to do that. I have been using Binance P2P for trading most of my local currencies into local cash since the year I got to Hive. In fact, I find it more convenient to use Binance compared to other platforms like Roqqu, Quidax, and the rest, which can be used for the same function.

A few days ago, I had a very annoying experience for the first time in my 5 years of trading on Binance P2P. This time, I am the seller and not the buyer, and this came at the point when I needed money so much. It was urgent that I convert some of my precious TWT tokens to USDT and then try selling them on the P2P market.

What happened was that I went out on a dinner date with @creativepearl, and the money I actually seemed to have budgeted for the date was actually not enough, and I needed to pay after we were done.

So when I initiated the trade, the buyer sent a message saying he had paid the money to my account through a method I had not heard of before, either on Binance or even through local bank currency.

And from my experience, I would never release the coin until the money had reflected in my bank account. So that was how I waited for over 30 minutes without receiving anything, and I didn't know what to do again.

The next option I had was to call a friend of mine to credit my account with the money I needed, and I would send his money later. The transfer my friend made to my account was immediate and reflected as soon as our call ended. This meant that there was nothing wrong with my bank account because I was able to receive money from my friend.

I told the buyer on Binance that I had not seen any money yet, but there was no response from him. I waited for over 10 hours before filing a report on him. To my surprise, the trade had not been cancelled even after 24 hours, with the buyer not replying to my messages.

I thought filling out a report was similar to making an appeal, but I saw that was something different. So I went on to make an appeal in which Binance requested my bank account statement, a video recording of my showing the date of the transaction on Binance, and also logging into my bank account to confirm if the transaction had actually been made or not.

I waited for another 24 hours before Binance could attend to my appeal and cancel the trade. The buyer totally ignored the appeal and did not respond to my chat or the appeal.

I had to check his reviews and saw that, although he had more positive reviews than negative reviews, it seemed that I was not the only person he had done this to. He had done this to people who eventually released the coin to him, and he didn't end up paying their money. He totally scammed that set of people.

Imagine how people can be this ****. I don't even know what word to use to describe them, but I was really angry with the whole transaction. A transaction that was not meant to take more than 15–30 minutes took up to 3 days, from Wednesday to Saturday morning, before the trade could be cancelled.

I was just imagining that if that money was actually a big amount of money and was something that involved life and death, then what could have happened?

Please be careful out there when using Binance P2P or even any P2P platforms. If your money has not reflected on your bank account, please don't release the coin before stories that touch the heart happen.

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𝙰𝙱𝙾𝚄𝚃 𝚃𝙷𝙴 𝙰𝚄𝚃𝙷𝙾𝚁

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