Binance P2P is an absolute scam in India

This is an previous publish which I am including with extra particulars in order that other people don't lose their cash.

OLD PART -

Lately Binance unveiled one thing referred to as lightning UPI for his or her P2P transactions whereby you could scan a qr Code and complete the cost.

I did the same, my cost acquired deducted. Nevertheless, on the display as an alternative of the standard "transferred notify to seller", I acquired "Completed" which was first greyed out.

After a couple of minutes the finished button appeared and I clicked on it but then nothing happened and it greyed out once more. Then the button appeared again, I clicked again and it greyed out again.

This stored occurring.

Finally the 15 mins time offered to complete the transaction lapsed and my order was cancelled by system.

The seller "IRONMAN" can also be very uncooperative and didn't reply once throughout the whole chat. I created a brand new order with him and he didn't respond there as properly.

I like to recommend to keep away from lightning UPI.

I have misplaced 1000 and now I can't even attraction the order because technically it acquired timed out by the system. Now I simply have a case ID registered with Binance and nobody helps.

NEW PART -

On 25th October, Binance P2P reached out to me asking me for my financial institution details in order that the seller can refund the money.

I offered them the financial institution details inside 20 minutes of receiving the mail.

Immediately I just checked with Binance once more as to why the vendor didn't refund the amount but, as ordinary they have been making an attempt to ask me to enter a new trade with the vendor "IRONMAN". I had to explain to their noob customer support which has no clue on the case that the vendor is non-cooperative.

Then they started shifting their tone that they'll contact vendor once more and see whether it is potential to refund me my money. I requested them will the seller be banned if he didn't return my money? On this they have been mum and requested me to examine back in 48 hours.

This entire ordeal has been happening for two weeks now. The complete time Binance has been taking the aspect of the seller who by the best way is a "verified service provider" on Binance and Binance has been making an attempt to provide me obscure guarantees that I'd get my a refund.

To me plainly a seller can casually con individuals on Binance with zero repercussions for the same. Binance customer service will take so long to answer and will by no means hold the vendor accountable although its us consumers who truly generate charges for Binance from the crypto we buy and trade.

A very pathetic experience general and I warn people to not do P2P above 10okay, sellers can scam you and NO ACTION shall be taken towards them.

Edit - My case ID is 96072811 in case somebody from Binance is reading this.