#MarketDownturn

HOW TO AVOID SCAMS IN P2P

Avoiding scams in P2P (peer-to-peer) trading is crucial to protect your assets and keep your transactions safe. Here are some practical tips:

Verify Identity: Make sure the person you are trading with has verified their identity on the P2P platform. Use platforms that require identity verification for all users.

Check Ratings and Comments: Before making a transaction, check the ratings and comments from other users about the person you are going to trade with. This will give you an idea of their reputation and reliability.

Confirm Payment: Never mark a transaction as completed without first verifying that you have received the payment in your bank account or cryptocurrency wallet. Do not rely solely on screenshots or text messages.

Use Escrow Service: Many P2P platforms offer an escrow service that holds the funds until both parties confirm that the transaction has been completed correctly. Use this service whenever possible.

Avoid Deals Outside the Platform: Conduct all communications and transactions within the P2P platform. Avoid moving the conversation to social media or messaging apps, as this can increase the risk of scams.

Report Suspicious Behavior: If you encounter any suspicious behavior or believe you are being scammed, report the incident to the P2P platform immediately. Most platforms have dedicated support teams to handle these cases.

Keep Records: Save screenshots and records of all your transactions and communications. This can be helpful in case of disputes or investigations.

For more details on how to protect yourself in P2P trading, you can refer to this article from Binance.

If you have any other questions or need more information, let me know!