When it comes to peer-to-peer (P2P) crypto trading, most traders are well aware of the classic scams — payment reversals, fake receipts, and stolen accounts. But there’s a new trick circulating in the market that’s so subtle, it’s catching even experienced sellers by surprise.


The New Overpayment Trap


Here’s how it works step-by-step:


1️⃣ A Legit Start – The scammer initiates a normal trade on the P2P platform and sends you the payment for the agreed amount.


2️⃣ The “Accidental” Overpayment – Instead of paying the exact amount, they send slightly more — usually just $3–$5 extra.


3️⃣ The Polite Request – They message you: “Oops, I overpaid! Could you send the extra back?”


4️⃣ The Trap Closes – If you send that small refund outside the platform, they immediately report you for conducting an off-platform transaction. This can get your account flagged, suspended, or banned, and here’s the worst part — they still keep your crypto.



Why This Scam Works



  • It feels harmless. Many sellers think they’re just being polite or maintaining a good reputation by returning a small overpayment.


  • The platform rules are strict. Most P2P exchanges have zero tolerance for off-platform money transfers, even if they seem innocent.


  • The scammer controls the narrative. Once they report you, the platform often sides with the buyer if you can’t prove otherwise.



How to Protect Yourself


✅ Never send or receive money outside the platform’s payment flow.

✅ If someone overpays, do not refund directly — instead, tell them to cancel and restart the trade with the correct amount.

✅ Keep all communication inside the platform’s chat so you have a solid proof trail.

✅ Stay updated on new scam tactics — because just like markets, scams evolve too.



Bottom Line


P2P trading can be safe and profitable, but it only works when you follow the platform’s rules to the letter. The overpayment scam may seem minor, but it’s designed to weaponize your good intentions against you.


Remember: In P2P, politeness without caution can cost you your account — and your crypto.


#P2P #CryptoSafety #ScamAlert