👀👀 P2P Scams in Pakistan: Safeguard Your Crypto Transactions 👀👀

As peer-to-peer (P2P) crypto trading gains momentum in Pakistan, scammers are finding new ways to exploit unsuspecting traders. Understanding common scams and adopting key security practices can help you protect your assets. Here's an essential guide to navigating P2P trading safely:

1. Common P2P Scams in Pakistan

• Fake SMS Payment Notifications

Fraudsters often send misleading SMS payment confirmations or altered screenshots to make it appear that a payment has been completed. This trick can pressure sellers into releasing their crypto before verifying the transaction.

💡 How to Stay Safe:

Always log into your bank account to confirm the actual deposit. Never rely on SMS alerts or screenshots alone. Ensure the payer's name matches the one on the P2P platform before releasing your funds.

• Chargeback Scams

Using services like JazzCash or EasyPaisa, scammers may reverse payments after completing the trade, or claim a payment error to freeze the seller’s account. This tactic can leave sellers without their funds or crypto.

💡 How to Stay Safe:

Wait for full payment clearance before releasing crypto. For higher-value trades, opt for payment methods that have lower reversal risks.2. Security

Measures to Prevent P2P Scams

• Trade with Verified and Reputable Merchants

Always choose verified merchants with a completion rate above 98% and at least 92% positive feedback. Look for merchants with over 1,000 successful trades to reduce the chances of encountering fraud.

• Stick to Trusted Traders

Once you find a reliable merchant, prioritize trading with them to minimize risk. Familiarity with trusted counterparts adds an extra layer of security.

3. Implement the Two-Bank Strategy

To protect yourself from potential account freezes, separating your trading and personal funds across two bank accounts is a smart move.

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