Binance said in an official blog post that while P2P trading outside of cryptocurrency exchanges can bring some benefits, it also comes with significant risks. It is crucial that users understand these risks and take proactive measures to protect themselves, by using reputable platforms, staying informed, and exercising caution. Binance advises that avoiding over-the-counter P2P scams requires: - Use reputable platforms: Trade through reputable exchanges that offer custody services and fraud protection. - Be skeptical about offers that are too good to be true: If a P2P deal sounds too good to be true, then it's probably fake. Please exercise caution and do your due diligence. Self-education: Understanding common scams and how they work is the best way to prevent fraud.