Binance P2P in India: Why Sellers Risk Bank Account Freezes

For an Indian crypto trader, selling USDT on Binance P2P can look like a routine transaction. When a seller matches with a buyer, they receive Indian rupees through UPI or a bank transfer. Once they confirm that the money has arrived, they release the USDT held in escrow. 

But what happens if the rupees came from money connected to a cybercrime committed before the transaction?

That question has become a recurring concern on Reddit’s r/CryptoIndia community, where users have described bank liens, account freezes, and lengthy attempts to establish that they were simply counterparties in a legitimate crypto trade.

Community Complaints 

In an August 2026 post, a verified Binance P2P merchant said their bank placed a lien on their account weeks after they sold USDT and received payment through UPI. 

The user said the buyer was allegedly connected to a cybercrime compl…

Read The Full Article Binance P2P in India: Why Sellers Risk Bank Account Freezes On Coin Edition.