P2P scammers have found a loophole: they pay, then report the transaction as “unauthorized” to the bank—triggering a reversal. You lose the funds and risk bank trouble.
Here’s how to outsmart them:
Step 1: Use a Separate Bank Account for P2P
Never use your main account. Open a new one strictly for P2P trades.
Step 2: Transfer Immediately
As soon as payment hits the P2P account, transfer the funds to your main bank account before releasing the crypto.
Why This Works:
If the buyer triggers a chargeback, your P2P account will be empty—there’s nothing to reverse.
Bonus Tip:
If the P2P account gets flagged or restricted, no stress. Just abandon it and open a fresh one. Your main account stays untouched and clean.
Stay smart. Stay secure.