⚠️ Attention: Scammers are increasingly targeting cryptocurrency traders on P2P platforms, using more sophisticated methods. While peer-to-peer (P2P) trading may seem like a safe way to buy and sell cryptocurrency, scammers are ready to exploit any weakness. Here's how to recognize common scams and protect your transactions:
🚩 Common P2P Fraud Tricks:
1. Fake Payment Confirmation: Scammers may provide a fake payment screenshot as proof of transfer. Always verify that the payment has been credited to your bank account or wallet before releasing any cryptocurrency.
2. Overpayment Strategy: Scammers may overpay and request a refund of the balance. When you issue a refund, they can initiate a refund request, take their money back, and leave you without a payment or cryptocurrency.
3. Transactions Outside of Escrow: Scammers may try to convince you to complete a transaction outside of the platform's escrow service. This puts you at risk, as escrow services are designed to protect both parties by holding funds until the transaction is completed.
✅ Protective Measures to Take:
Choose Trusted Platforms: Always trade on established platforms like Binance, LocalBitcoins or other platforms that offer secure escrow services.
Payment Verification: Confirm that the payment has been successfully processed and credited to your account before releasing any cryptocurrency. Check directly with your bank or payment app.
Avoid Rushing: Scammers may pressure you into action. Maintain a careful pace, verify all details thoroughly, and stay calm.
Important Reminder: If a transaction feels suspicious, trust your instincts and investigate further. Immediately report any suspicious activity.
⚡ Stay informed and vigilant! Protect your crypto and share this message with your friends to raise awareness.
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