In the fast-paced world of crypto, peer-to-peer (P2P) trading continues to offer flexibility and direct access to digital assets. But with that convenience comes risk—especially from fake proof-of-payment scams.
As the popularity of P2P trading grows, so do attempts by fraudsters to deceive unsuspecting users. These scams are becoming more sophisticated in 2025, often involving forged payment confirmations designed to trick sellers into releasing their crypto before actually receiving any funds.
What Is a Proof-of-Payment Scam?
A proof-of-payment scam happens when a buyer sends fake evidence—such as a photoshopped bank transfer screenshot or a link to a cloned banking website—claiming they’ve completed payment. The goal? To make the seller release their crypto without confirming the money has actually arrived.
Scammers often use emotional tactics to create pressure. You might hear stories like, “My mother is in the hospital!” or face threats like, “I’ll report you if you don’t release the funds now!” But rushing could cost you everything.
7 Essential Tips to Avoid Falling for These Scams
- Only Trade With Verified Merchants
Stick to Binance P2P’s verified traders with a yellow checkmark. These users are vetted, experienced, and maintain high ratings. - Match Names and Account Numbers
Always verify that the buyer’s name and account info match what’s shown on Binance. If anything looks off, don’t proceed. - Trust Your Bank, Not Screenshots
Never release your crypto based on a screenshot or external message. Check your actual bank or wallet balance to confirm payment. - Ignore Pressure Tactics
Urgent messages are a red flag. Scammers often try to rush you—don’t fall for it. Take your time and stay calm. - Look Closely at Payment Proof
If you do look at a screenshot, examine it for unusual fonts, low image quality, mismatched logos, or odd transaction details. These are all signs of potential tampering. - Keep All Communication on Binance
Always use Binance’s chat for trade communication. Don’t switch to WhatsApp, Telegram, or other platforms where Binance can’t help you. - Report Suspicious Behavior Immediately
Use the [Report] button in the Binance chat if you suspect anything. Include screenshots, transaction details, and all relevant communication.
Stay Smart, Trade Safe
While Binance continuously works to strengthen security for P2P users, staying informed and cautious is your best defense. Always verify, never rush, and remember: if something feels off, it probably is.
Looking to learn more about secure P2P trading in 2025? Visit Binance’s official resources and stay ahead of the curve.
