How to Stay Safe from P2P Scams

Peer-to-peer (P2P) transactions are becoming increasingly popular, especially in cryptocurrency trading. However, this convenience also opens doors to scams. Protecting yourself from P2P scams is crucial to avoid financial loss and mental stress.

1. Use Trusted Platforms: Always use well-known and secure platforms that offer buyer and seller protection. Avoid making deals over social media or unverified apps.

2. Verify the Buyer/Seller: Before completing any transaction, check the reputation, ratings, and past reviews of the person you’re dealing with.

3. Never Share Personal Details: Don’t share sensitive information like OTPs, passwords, or wallet private keys with anyone.

4. Avoid External Payments: Always complete transactions within the P2P platform. Never send or receive payments through third-party links or external accounts.

5. Don’t Rush: Scammers often pressure victims into quick decisions. Take your time to verify every detail before making a move.

6. Report Suspicious Activity: If you suspect fraud, report it immediately to the platform and relevant authorities.

In short, stay alert, verify, and use only secure platforms. A few careful steps can save you from big losses.