🚨 Beware of P2P Chargeback Scams in Africa & South Asia Region ! 🌍
👀IF YOU IN CRYPTO 100% USING P2P SERVICES ! BEWARE SCAMS !👀
👉Heads up, crypto enthusiasts! 🛡️ There's been a surge in P2P chargeback scams, particularly in Kenya. Scammers are exploiting the P2P platforms by using third-party payments to create confusion and trigger chargebacks, resulting in losses for unsuspecting sellers. Here's how it works:
✨Scammers buy crypto through P2P and use a third party (who may be an accomplice or unaware) to transfer money via bank.
✨The seller releases the crypto after seeing the bank transfer but without confirming if the buyer's name matches the payee's name on the bank transfer.
✨The third party initiates a chargeback, leaving the seller with no crypto and no money. 😱
How to Protect Yourself 🛡️
👉For P2P Sellers:
✨Verify the buyer's name against the payee's name on the bank transfer before releasing any crypto.
✨Refuse third-party payments. Always ensure the payment comes directly from the buyer.
👉For P2P Buyers:
✨Use only your own bank account to make payments. This ensures a direct and verifiable transaction.
✨By following these steps, you can make P2P transactions safer and smoother. Remember, vigilance is key in the crypto world.
Stay safe and trade smart! 🔒💡
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