How to Stay Safe from P2P Reversal Scams

P2P trading comes with opportunities — but also with risks. One of the more common threats is the reversal scam, where a scammer sends a payment, then later reports it as unauthorized to their bank. The result? A chargeback that could drain your funds and even restrict your bank account.

Here’s a simple yet effective method to protect yourself:

Use a Dedicated Bank Account for P2P Transfers

Avoid using your main bank account for peer-to-peer trades. Instead, set up a separate account specifically for P2P transactions.

How this protects you:

When you receive a buyer’s payment in your P2P bank account, immediately transfer the funds to your main account.

Only after confirming the transfer, release the crypto to the buyer.

This creates a buffer. Even if the buyer tries to reverse the payment later, your funds are already moved, and the P2P account will have nothing left to pull back.

Bonus Safety Tip:

If the bank flags your P2P account or imposes restrictions, you’re not stuck.

You’ll get notified.

You can stop using that account.

Simply open a new one and continue trading safely, without putting your main finances at risk.

Bottom line:

P2P is powerful, but only when handled with care.

Use separate accounts. Move funds fast. Stay alert.

Let’s trade smarter, not harder.

Have you ever dealt with a P2P scam? Share your tips below to help others stay safe.

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