P2P (peer-to-peer) trading is one of the most popular ways to buy and sell cryptocurrencies, but it comes with risks that you should be aware of. Most scams rely on one trick:

#Sending_Fake_Payment_Proof

The scammer sends a fake screenshot from a banking app or a fake text message, claiming to have made the transfer. Many people fall for this trap and release cryptocurrencies before verifying their bank account.

#Scammers'_Tactics

have evolved to include:

1. Payments with frozen or non-exchangeable balances: An amount appears in your account, but it is restricted and you cannot use or withdraw it.

2. Using third-party accounts: The payment is sent from a bank account with a different name than the trader's on the platform, making it difficult to track.

3. Psychological pressure and manipulation: The scammer tries to rush you to release the coins quickly, claiming they are pressed for time.

4. Unjustified cancellation requests: The scammer may request to cancel the transaction after sending what they claim is a payment, then disappear.

#The_Golden_Rule_to_Avoid_Fraud

Never transfer cryptocurrencies until you are certain that the amount has actually arrived in your bank account and is spendable. Log in to your bank app and confirm the balance and transfer, and do not rely on any proof provided by the other party. Do not use any communication methods outside the official trading platform, and always verify the reputation of the trader you are dealing with.

Be vigilant, and your funds will remain safe.