Unfortunately as a UK resident we can seemingly no longer withdraw GBP/Fiat currency across most of not all exchanges (including Binance) due to FCA regulations. Unfortunately that leaves little option but to use a service like Binance P2P trading platform which is littered with blatant scammers. While Binance do provide an arbitrage service in the event a transaction isn't successful, unfortunately they seem marginally complicit in allowing thesescammers onto the platform and seemingly do very little about it. Additionally some of the advice Binance gives with regards chargeback scams is incorrect as the correct way to handle a chargeback if for the sellers bank to refund it, NOT for the seller to generate a separate payment as this is essentially doubling down on the risk of losing the funds as the original payment can still receive a chargeback, which is the advice Binance gave me. All in all I get the impression the scammers profit heavily from P2P platform as even advice like researching feedback is far from foolproof as this can easily be faked to skew/hide the negative one's that highlight the scam.Update: Originally this was a 3* Review, but having spent the past 2 days (and counting) defending my right to have the buyers payment manually sent via my Bank's Fraud department, I'm convinced Binance Customer Service are either complicit of clueless. During the appeals process I've had my account suspended, and get harassed every 4hrs to provide further information even though I've said numerous times nothing can be done until my bank opens Monday. Meanwhile the buyer/probable scammer messages like an impatient child with broken English the whole time. The whole system is a joke considering I raised the appeal yet I'm the one having to defend myself. At this stage I'm fearful Binance will just release the coins to the buyer and he'll raise a chargeback for the remainder. It would also appear that his account is seemingly unrestricted as he continues to operate. I WON'T EVER USE BINANCE AFTER THIS FARCE.
