Is Binance P2P safe?
Short answer
Follow Binance's own advice: trade only through Binance P2P orders and the order chat, and ignore anyone who contacts you off the platform. The paying account's name must match the payer's verified name on Binance, so refuse third-party payments. When selling, release only after you see the money in your own bank or wallet app. If something goes wrong, appeal in the order.
Where to trade
Only platform orders and chat
Ignore anyone who contacts you off the platform
Who pays
Name matches verified name
No payments from third-party accounts
When to release
After the money arrives
Screenshots and texts can be fake
If something goes wrong
Appeal in the order
Use Binance's official appeal
Run every P2P trade like this
Place orders only on Binance P2P and talk to the other side only in the order chat; ignore trade offers on Telegram or WhatsApp
Buying: pay the way the seller specifies, from an account in the same name as your verified Binance account
Selling: log in to your own bank or wallet app and check the full amount has arrived before you release
If the payer's name doesn't match their verified name on Binance, don't release; file an appeal and send the money back to the paying account
If the buyer insists on paying by cheque, don't release, and report it right away
Common scams and how to avoid them
How it works
- Fake payment screenshot
- An edited screenshot says they paid and pushes you to release
- Fake text message
- A text formatted like your bank's alert
- Third-party payment
- Paid from someone else's account, then charged back
- Fake Binance staff
- Emails posing as support tell you to release first
How to avoid it
- Fake payment screenshot
- Check your own bank or wallet app
- Fake text message
- Don't trust texts; log in and check
- Third-party payment
- Name doesn't match: don't release, appeal and refund
- Fake Binance staff
- Binance never emails you to complete a P2P trade
| How it works | How to avoid it | |
|---|---|---|
| Fake payment screenshot | An edited screenshot says they paid and pushes you to release | Check your own bank or wallet app |
| Fake text message | A text formatted like your bank's alert | Don't trust texts; log in and check |
| Third-party payment | Paid from someone else's account, then charged back | Name doesn't match: don't release, appeal and refund |
| Fake Binance staff | Emails posing as support tell you to release first | Binance never emails you to complete a P2P trade |
The exchange has the final word
FAQ
Is Binance P2P safe to buy on?
Follow Binance's own advice: talk only in the P2P order chat, pay the way the seller specifies, and pay from an account in the same name as your verified Binance account. Binance lists the common scams: fake payment screenshots, fake text messages, third-party payments and fake Binance staff.
Someone off the platform wants to trade with me. Should I?
No. Binance says not to respond to trade requests outside Binance P2P, to talk only in the order chat before and during the trade, and not to trust information or offers from outside channels.
What if the buyer pays from someone else's account?
Binance says not to accept payments from third-party accounts; if it happens, file an appeal in the order and send the money back to the paying account.
They say they've paid. Can I release now?
Not yet. Binance says to check your bank account or e-wallet and confirm the money has arrived before you mark the trade complete; screenshots and texts can be fake.
Someone says they're Binance support and tells me to release first. Should I?
No. Binance says it never emails you to complete a P2P trade; release only after you've received the money.