P2P (peer-to-peer) scammers have found a clever trick: they pay you, then tell your bank that the transaction was "unauthorized," causing the bank to reverse the payment. This can cost you both your money and create major problems for your account.
Here's a simple defense plan:
Set up a separate bank account just for P2P business
Never use your primary bank account for P2P transactions. Instead, open a separate account dedicated solely to receiving P2P payments.
Here's the smart way to handle it:
When the buyer sends money, immediately transfer it from your P2P account to your primary bank account.
Only after the transfer appears securely in your main account, release the cryptocurrency.
Why This Works:
If the scammer tries to reverse the payment, your P2P account will already be empty. No funds there = no funds to recover!
Additional Tip:
If your P2P account is ever frozen or flagged by the bank, it won't affect your main funds. Simply open a new P2P account and continue trading without any serious damage.
Conduct your P2P with verified users.