To steer clear of P2P cryptocurrency scams in Pakistan, it's crucial to combine technical measures with practical judgment:
1. Opt for reputable exchanges: Stick to well-known platforms like Binance P2P, LocalBitcoins, or Paxful, known for robust security measures.
2. Review user reputation: Prioritize parties with positive ratings and a solid transaction history, easily accessible on most platforms.
3. Activate two-factor authentication (2FA): Safeguard your accounts with an additional layer of security beyond passwords.
4. Use escrow services: Ensure transactions are secure by utilizing the platform's escrow service until both sides confirm the deal.
5. Avoid off-platform deals: Always conduct transactions via the platform's secure system to prevent potential scams.
6. Exercise caution with new users: Be particularly vigilant when dealing with users lacking transaction history or reputation.
7. Verify transaction details: Before finalizing any trade, meticulously verify all transaction specifics like amount and wallet address.
8. Utilize platform messaging: Maintain communication within the platform's messaging system for a documented record in case of disputes.
9. Steer clear of public Wi-Fi: To safeguard your information, refrain from executing P2P transactions over public Wi-Fi networks.
10. Stay informed about scams: Educate yourself about prevalent P2P crypto scams such as fake payment proofs and phishing attempts.
11. Understand your rights: Familiarize yourself with platform terms, dispute resolution processes, and your rights as a user to protect yourself effectively.