maderlin Jerez
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The P2P scam that you probably have NEVER heard of – Until now!
When it comes to peer-to-peer (P2P) cryptocurrency trading, most traders are well aware of classic scams: payment reversals, fake receipts, and stolen accounts. But there’s a new trick circulating in the market that is so subtle that it’s even surprising experienced sellers.
The new overpayment trap
Here’s how it works step by step:
1️⃣ A legitimate 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 a little more, usually just $3–$5 extra.
3️⃣ The polite request – They send you a message: “Oops, I overpaid! Could you refund me the extra?”
4️⃣ The trap closes – If you send that small refund outside of the platform, they immediately report you for conducting a transaction outside of the platform. This can cause your account to be flagged, suspended, or banned, and here’s the worst part: they still keep your cryptocurrency.
Why this scam works
It feels harmless. Many sellers think they are just being polite or maintaining a good reputation by returning a small overpayment.
Platform rules are strict. Most P2P exchanges have zero tolerance for money transfers outside of the platform, even if they seem innocent.
The scammer controls the narrative. Once they report you, the platform often sides with the buyer if you cannot 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 within the platform’s chat so you have a solid trail of evidence.
✅ Stay updated on new scam tactics.
When it comes to peer-to-peer (P2P) cryptocurrency trading, most traders are well aware of classic scams: payment reversals, fake receipts, and stolen accounts. But there’s a new trick circulating in the market that is so subtle that it’s even surprising experienced sellers.
The new overpayment trap
Here’s how it works step by step:
1️⃣ A legitimate 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 a little more, usually just $3–$5 extra.
3️⃣ The polite request – They send you a message: “Oops, I overpaid! Could you refund me the extra?”
4️⃣ The trap closes – If you send that small refund outside of the platform, they immediately report you for conducting a transaction outside of the platform. This can cause your account to be flagged, suspended, or banned, and here’s the worst part: they still keep your cryptocurrency.
Why this scam works
It feels harmless. Many sellers think they are just being polite or maintaining a good reputation by returning a small overpayment.
Platform rules are strict. Most P2P exchanges have zero tolerance for money transfers outside of the platform, even if they seem innocent.
The scammer controls the narrative. Once they report you, the platform often sides with the buyer if you cannot 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 within the platform’s chat so you have a solid trail of evidence.
✅ Stay updated on new scam tactics.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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