P2P Scams: How to Protect Yourself?
A special gift for the first pinned article on my channel 💲
Peer-to-peer (P2P) trading is a popular way to buy cryptocurrencies, but it can carry the risk of fraud if you don’t take the necessary precautions. Here are some tips to protect yourself:
1. Use a trusted platform: Choose a platform that supports escrow services to protect your funds.
2. Check user reviews: Check the other party’s reviews and transaction history before starting any trade.
3. Document conversations: Keep a record of the conversations you have on the platform to ensure you have evidence in case of a dispute.
4. Don’t trade outside the platform: Some may tempt you to complete the trade outside the official system, but this exposes you to fraud.
5. Be careful with tempting offers: If an offer seems too good to be true, it is likely a scam.
By following these tips, you can trade safely and avoid falling victim to fraud.
