🚨 Binance P2P Scam Alert in Pakistan – My Experience

I want to share my experience with Binance P2P to alert traders in Pakistan.

Recently, I sold 700 USDT (about PKR 205,000) through Binance P2P. The trade looked smooth – the buyer transferred the money, I confirmed the payment, and released the crypto. Everything seemed fine.

But 10 days later, I received a shock: my bank account was frozen and the funds were blocked. When I contacted the buyer, he ignored my calls and later replied on WhatsApp, claiming it was a “chain dispute.”

At my bank, the Operations Manager confirmed that a dispute for PKR 205,000 was filed against this payment. I submitted a written application, but the bank refused to share details, leaving me in complete uncertainty.

📂 Evidence I Collected

Luckily, I had complete records:

Buyer’s CNIC copy

Payment proof/screenshots

Contact details & WhatsApp chats

A written application filed with my bank

I also reported the issue to Binance support, but their process is very slow and still unresolved.

⚠️ Key Problems in Pakistan’s P2P

Third-party payments – Many buyers use accounts that don’t belong to them, which creates legal complications for sellers.

Bank secrecy – Even when you provide proof, banks rarely share complete details, making it difficult for honest traders to defend themselves.

🛡 Lessons for Traders

❌ Never accept third-party transfers. Only release crypto if the payment comes from the buyer’s Binance-verified account.

🏦 Use a separate bank account for P2P trading.

💸 Withdraw funds quickly to avoid freezes.

📝 Keep all documentation – CNIC copies, chats, and proof of payment.

⚖️ Know your rights – Approach the FIA Cyber Crime Wing with evidence if your account gets frozen.

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