In the world of peer-to-peer (P2P) cryptocurrency trading, most of us are familiar with the usual risks — fake payment receipts, stolen accounts, and payment reversals. But a new and surprisingly effective scam has been making the rounds, and it’s catching even experienced traders by surprise.
🚨 The “Overpayment Trap”
This is how the scam works:
1️⃣ A normal trade begins – The buyer sends the agreed payment amount.
2️⃣ A small “error” – Instead of the exact sum, they send a little extra, often $3–$5 more.
3️⃣ The polite request – They message: “I accidentally overpaid, can you send the difference back?”
4️⃣ The hidden danger – If you return that money outside the platform, they immediately report you for making an off-platform transaction. This can result in your account being flagged, suspended, or even permanently banned — while the scammer keeps your crypto.
💡 Why This Scam Works
The request seems harmless and polite.
Most P2P platforms have a zero-tolerance policy for off-platform payments, even small amounts.
Once reported, the scammer controls the narrative, and without clear evidence, the platform may side with them.
🛡 How to Protect Yourself
✅ Never send or accept payments outside the platform’s official payment process.
✅ If an overpayment occurs, cancel and restart the trade with the correct amount.
✅ Keep all communications within the platform’s chat for proof.
✅ Stay informed about evolving scam techniques — knowledge is your best defense.
Fraud tactics in crypto P2P trading are evolving quickly, but with awareness and caution, you can stay ahead of the scammers. The “Overpayment Trap” is one more trick you now know how to avoid. Stay vigilant, trade smart.