New Fraud Methods Spread in Three Arab Countries

P2P

1- Saudi Arabia: The sending of

Fake receipts has spread in exchange for a chat box request or an SMS message in some financial applications that require payment through an available number

The phrase 'pay cash' is widespread under the pretext of fearing banks, claiming that your money will be stolen, so avoid this method. Common areas for scammers are the cities of Riyadh - Jeddah

The names of women in trading are spreading, luring you into the trap that they are modern traders and do not understand the method until you are entrapped

2- Egypt

Taking money without confirming payment on the pretext that they do not know the method

They say 'I will release the currencies when I pay you'

3- Jordan

Not paying threatens to report you to the police, claiming that you scammed them and they do not understand trading

Protection Measures

Trade only on a platform

The chat box is the means that proves your ownership, so do not communicate with anyone outside the chat box

The reason for using the Binance platform is that it is fully guaranteed for the buying and selling process, so do not exceed it and keep all trading within it only