P2P Scam Alert: How to Avoid Losing Crypto in USDT Transactions (13 Key Steps)
The Startling Truth About P2P Crypto Fraud
I never imagined that I would experience it. However, it did. I was selling USDT through P2P, and the buyer sent a fake bank receipt. I trusted it, released the crypto, and within minutes, NO MONEY arrived. The buyer vanished, leaving me scammed.
P2P scams are on the rise, and scammers are becoming more sophisticated. If you trade crypto peer-to-peer, you MUST follow these 13 security steps to stay safe.
13 Key Steps to Avoid P2P Scams in Crypto Banking
Before the Trade, Verification Steps
Check the Buyer’s/Seller’s Reputation
Only trade with users who have high ratings and long transaction history.
Avoid new accounts with zero feedback.
2. Confirm Payment Method Details
Ensure the buyer’s/seller’s bank name matches their profile.
Cross-check account names to prevent fake payment scams.
3. Use Binance P2P’s Escrow System
Never trade outside Binance, escrow protects both parties.
4. Set Clear Payment Time Limits
Agree on a strict payment window (e.g., 15 minutes).
If the buyer delays, the trade can be canceled.
During the Trade, Red Flags & Safety Checks
Never Trust Screenshots or Fake Receipts
Scammers edit bank transfer screenshots, only trust your Bank app.
6. Wait for Funds to Reflect in Your Account
DO NOT release crypto until money is fully credited.
Some scammers use chargebacks or fake transfers.
7. Verify the Sender’s Name Matches the P2P Profile
If the bank name doesn’t match, it’s a scam.
8. Beware of Overpayments or Fake Payment Claims
If a buyer says they “sent extra money,” it’s a trick.
After the Trade – Protecting Yourself from Disputes
#CryptoSafety #P2Pscam #BinanceSafety #USDTscam #AvoidCryptoFraud
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Author: Auctela | Website: www.auctela.com
