Scammers are constantly evolving, and P2P crypto transactions are their latest hunting ground. Anyone can fall victim to this sophisticated trick if they’re not careful. Here’s exactly how the scam works and how you can protect yourself.
💡 How the Scam Works
1️⃣ The “Smooth” Trade
You sell crypto through a P2P trade.
The buyer sends payment to your bank account.
You release the crypto, thinking the transaction is complete.
But the nightmare begins after the trade.
2️⃣ Bank Dispute Trap
The scammer files a fraudulent claim with your bank, saying the payment was unauthorized.
Banks, often without consulting you, block your account as a precaution.
3️⃣ The Fake “Helper” Move
The scammer contacts you pretending to help resolve the issue.
They pressure you to return the funds, claiming it’s the only way to unblock your account.
At this point, many victims feel trapped, especially if their accounts hold more money than the disputed amount.
⚠️ Why This Matters
This is not just a “what if” scenario—it’s happening.
Real Victims: At least 15 people in my circle have fallen prey to this scam.
Community Impact: Similar cases are being reported by Binance users.
That’s why it’s vital to spread awareness and adopt strong protective measures.
🛡️ 3 Golden Rules to Stay Safe on P2P Platforms
1️⃣ Trade Only with Trusted Buyers:
Stick to users with 1,000+ completed orders and a 95%+ completion rate.
2️⃣ Investigate Reviews:
Look for any negative feedback mentioning scams or shady behavior.
If you see a red flag, walk away—your safety comes first.
3️⃣ Understand the Terms:
Read the buyer’s terms carefully before confirming the trade.
Avoid any transaction with vague or suspicious clauses.
🗣️ Share Your Experience
Have you or someone you know been targeted by P2P scams? Your story could help others avoid falling into the same trap. Drop your experiences in the comments below—let’s spread the word and protect the community.
⚡ Stay alert. Trade smart. Protect yourself. Together, we can outsmart these scammers. 💪