How Are P2P Scams Carried Out?

Cryptocurrencies are unregulated and come with little protection. The risk for scams is even higher when you're exchanging money peer-to-peer.

Cryptocurrencies are built on blockchains, making them secure and hard to hack. Their high level of security makes it safe to carry out transactions, including P2P transactions.

But scammers always look for ways to defraud people of their funds by bypassing the normal transaction process, and P2P transactions have caught their eye. Bad actors use different methods that you need to be aware of, so you can be careful whenever you want to carry out a P2P transaction.