1. Fake screenshot fraud
The fraudster sends a fake screenshot saying "the money has been sent" while in reality, the payment has not been made.
This usually happens in bank transfers or EasyPaisa/JazzCash.
2. Chargeback fraud
The buyer makes payment, receives crypto, and then requests a refund or cancels the transaction with the bank or payment gateway.
Especially happens in PayPal, Credit Card, or some e-wallets.
3. Fake ID or account hacking
The fraudster makes a payment from a stolen or hacked bank/e-wallet account.
When the original owner complains, the money is taken back, and the seller is left at a loss.
4. Off-platform deal fraud
The fraudster says: "Let's make the deal outside the platform to save on fees."
Then they disappear with the money or crypto.
5. Too Good to be True rate fraud
Luring people with very low or high rate offers, and then cheating in the deal.
6. Social Engineering Fraud
Winning your trust and gradually extracting information or forcing you to make hasty decisions.
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Safety strategies
✅ 1. Always use trusted P2P platforms
Trade on regulated platforms like Binance P2P, OKX P2P, or LocalBitcoins.
The platform's Escrow system provides you with protection.
✅ 2. Do not trust fake screenshots
Do not release crypto until the money clears in the bank or e-wallet.
Check bank notifications or statements instead of screenshots.
✅ 3. Be cautious of high rates or very low rates
Unusually good offers are often a sign of fraud.
✅ 4. Do not deal outside the platform
Escrow protection is lost in off-platform deals.
✅ 5. Only receive payments in accounts under your name
Money received from an account in someone else's name always carries risk.
✅ 6. Verify identity
Trade with KYC verified users.
Check the user's trade history and feedback score.
✅ 7. Keep records safe
Keep a screen record of each trade and proof of chat to present in case of a dispute.