What is a P2P Scam?
A P2P (Peer-to-Peer) scam usually happens on crypto exchanges or money transfer platforms where two people trade directly.
The scammer pretends to be a genuine buyer/seller.
After receiving money or crypto, they dispute, reverse, or disappear without giving the other side their part.
Many scammers use fake receipts, stolen accounts, or fraud bank transfers.
How P2P Scams Are Happening in Pakistan Nowadays
Fake Payment Screenshots – Scammers send edited screenshots as proof of payment.
Bank Reversal Trick – They send money, take the crypto, and then call the bank to reverse the payment.
Third-Party Accounts – Money is sent from someone else’s account (stolen or hacked), and later that person reports fraud.
Pressuring / Rushing – Scammers pressure you to release crypto before confirming payment.
Fake Buyer Groups (WhatsApp/Telegram) – They lure people into “P2P deals” outside official exchanges.
How to Stay Safe in Pakistan
✅ Always trade on trusted exchanges (like Binance P2P, OKX P2P) – not on WhatsApp/Telegram.
✅ Never release crypto until you confirm the payment is actually in your account (not just shown in balance, but settled).
✅ Avoid third-party accounts – only accept payments from accounts with the same name as the trader.
✅ Check bank SMS & app carefully – don’t rely only on screenshots.
✅ Beware of too-good-to-be-true rates – scammers attract with cheap/high price offers.
✅ Don’t share personal details (CNIC, bank OTP, etc.) with strangers.
✅ Report suspicious accounts immediately to the exchange and your bank.
⚠️ In short:
Use official P2P platforms, double-check payments, and never trust random buyers/sellers outside exchanges.
