P2P Disputes on Binance in Pakistan
Three recent P2P disputes on Binance have resulted in account blocks, not because of buyer complaints, but due to blocked accounts. Here’s the breakdown:
Pattern of Issues:
Buyers conducted deals outside of Binance.
They received payments from third parties.
They bought USDT from me and resold at higher rates.
Buyers’ accounts were blocked after fraud complaints by the original fund senders, which led to my account being blocked as well.
Details:
Buyers were new and didn’t secure proof of funds.
One buyer settled, and the payment was credited to my account.
In two cases, I had to reverse payments.
Precautions:
Obtain a video statement and the buyer’s mobile number: This is more reliable than just the CNIC.
Record transaction history: Ensure the legitimacy of funds.
Cancel the trade if unsure: If the payment seems risky, request the CNIC or cancel the trade.
Following these steps will help protect your account and ensure safer transactions on Binance P2P. Stay vigilant and gather necessary evidence to avoid complications.
