It's quite terrible to see some P2P merchants scamming traders who wish to purchase or sell USDT. This is what is happening in Pakistan: certain traders have committed fraud.
I was reading one of his posts on the #binance feed, and he was complaining about losing money. He began trading with one of the merchants over P2P and paid PKR for $1000, but the seller did not release the USDT.
He said that the money you transferred to the account was barred or frozen by the authorities. This is hardly an excuse, and I'm not sure why Binance did not take any action till now.
This is a major challenge in my nation when transferring funds to purchase USDT or any other coin. We need another safe method to avoid scams and fraud.
Just like any other time, if I want to sell a large amount of USDT or acquire a large amount of USDT, I cannot conduct a P2P transaction easily since scammers can do anything.
Before doing a P2P transaction, there are a few things you should keep in mind. First and foremost, choose a merchant with the most trades.
It is also necessary to look at the completion percentage, which must be higher than 95%. The merchant must be a verified user on #binance so that we can blame Binance for any scams performed.
Another crucial factor to consider is the feedback of other users. It is critical that individuals leave good reviews, with a rating of at least 98%.
Don't be tempted by the price; you'll buy or sell at a loss, but make careful to avoid scams. There are several P2P merchants who offer USDT at a much lower price than other users.
It is a complete scam since they aim to trap you with low prices. After you've checked all of this, you can proceed with a P2P trade, which is a safe trade then.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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