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I think sharing our experience about scam can save someone else from getting scammed, when you have been scammed or close to getting scammed and you share it with others they will have that idea and will become more careful and conscious.

Someone from my local board shared an experience he had with P2P traders in Bybit where he sold his coin and the buyer sent him below the original cost of his coin and he refused to release coin and he wrote to the buyer telling him to send his complete money or else he won't release coin and that was when the buyer sent him his complete money, this his experience he shared made me more attentive to everything when trading in Bybit P2P, when same thing happened to me in the P2P trading in Bybit it was easy for me to identify and handle because of the experience shared in my local board.

A lot of shared experience has helped a lot of people from getting scammed and it will be better if we continue sharing our experience on scammed issues because it will prevent others from getting scammed.

Scams are everywhere but their methods are similar and there are enough education, warning against scam. People who are carefully will pay more attention on reading and preparing their knowledge against scams. People who are careless but have enough greediness will be more easily to be scammed.

Anyone want to know and learn about scams, can read
Cryptocurrency scam book. (https://chainsec.io/scams/)
Collection of comprehensive guides on identify and avoid scam projects. (https://bitcointalk.org/index.php?topic=5125435.0)

P2P scams are popular too especially after more centralized exchanges develop and launch their P2P markets for users.
Common P2P scams and how to avoid them. (https://www.binance.com/en/blog/p2p/common-p2p-scams-in-developing-countries-and-how-to-avoid-them-649252965129379199)

Don't release your coins if you did not receive payment from your trade partner, and avoid "too good to be true" offers especially if those offers are from new users on those P2P marketplaces.

Also if they want to check some scam styles and modus, they are always can check the Scam And Accusation section. This is where we can see a lot of scam reports or any types of it around crypto. Many users are scammed with different approach and being knowledgeable in some of them would helps lessen it.

That's true, the scam accusations board is there for people to go see and read many stories of scam attempts so they could get an idea of how scams work, and to also be able to decipher scams from real, and to know what to do immediately if they encounter any such scam. If anyone wants to know more, they can go there to read, as there are lots of posts related to scam stories of people's life experience.

Back in ~2019-2021, I used to report tons of scams in the ANN board of this forum. During that time, there were tons of projects that depict themselves to be genuine but a closer inspection reveals dozens of problems, such as:

• Plagiarized Whitepapers;
• Fake or AI-generated Team Members;
• Ponzi Schemes;
• Copy-pasted website; and
• Newly registered website with questionable contents.

Those are some of the usual projects that I observed to be a scam. Unfortunately with the emergence of AI, finding fake projects under the ANN Board became significantly difficult especially for Whitepapers. Tons of AI-generated whitepapers have been circulating and it is not easy to look for them without investing hours of reading.

If anyone is curious about my journey, feel free to visit this link: https://bitcointalk.org/index.php?topic=5274460.0

Information and sharing is valuable
This is one of the reasons I like and defend this forum so much, much more than any other social network

When someone shares something about a scam here on the forum, that information is saved, even if it leaves the first pages, it's still there and can be found via search or even Google
It's important that conversations are held publicly, within threads, so that you can help other people over a long period of time

On the social networks that exist, this dynamic doesn't exist, perhaps only on reddit that I know of

Perhaps the topic may not be very popular, or without many replies, but it can help at least one person who in the future searches for something and can find the information they need to avoid a scam. That alone will be very valuable

I remember a time when I shared my experience on Kucoin with my local board members in altcoinstalks about how I was almost scammed if not for the fact that I was observant enough to have spotted the difference in price.

So basically, what happened was that the merchant used XX amount for their ads and when you click on it to sell to them the  price of the USDT will change to XY which is lower than the original price and for some reason unknown to me Kucoin doesn’t tell you about this change and allows the user to continue with the transaction and if you’re not observant enough you’ll sell with that reduced price which would result in loss of money for you.

People share their experiences all the time, but do people actually read these stories? If they read it, do they really remember the stories to learn from them? There are lots of persons who, although they may not like to admit it, do not learn from people's experiences. They learn better from theirs. This is not a good category to belong to, especially as it involves money and investments, because the depression from being scammed and losing a really big amount can take a really long time to heal from.

It's better to have sharing information about what happened, scams already occured so that community can have more information about those scams. It's helpful for people knowing about scam methods then having better knowledge and ability to avoid those scams.

It's only helpful somewhat because at the end, each person has to practice on his side and be scammed or not, it's up to his own practice. Some people can ignorre many things, warnings and be scammed only because he is not careful enough but is too greedy and see scams as good opportunities to get rich quick. Such people have to learn about scams by their own experience and pay cost by themselves too.

Unfortunately, the culture of sharing experiences isn't popular among users, especially those affected by crypto scams. In many cases, users are unable to identify the appropriate space to share their experiences. Sharing their experience with a crypto site on a Facebook group is not the same as posting it on a Bitcoin forum.

One thing I've learnt about scams and falling victim to it is that when you're in serious haste to get things done, it's usually easy for you to fall victim to scam. Most times, it's usually over familiarity, lack of proper knowledge and impatience to verifying the trust history of the person you're dealing with that mostly leads to victim getting scammed. From P2P scams to the normal scam, they are all tied down to the fact that any form of slight negligence can result to victim getting scammed.

From a personal point of view, it's usually better to trade with caution while carrying out any form of transaction that requires using finance or sharing your personal details with a site or a third party. Even though you can't be careful enough, but doing the basics can save you from at least 50% of potential scam.

Bybit is often associated with scams, and I've come across numerous articles detailing how its users have become notorious victims.  
We must remain vigilant when engaging with individuals in P2P transactions, as many scammers are waiting for the chance to deceive unsuspecting people.

Additionally, I found an article on Bybit that could assist users in learning how to avoid scams.
How to Avoid Crypto P2P Scams (https://www.bybit.com/en/help-center/article/How-to-Avoid-Crypto-P2P-Scams).

There's a lot of threads right here sharing their experience first hand or second hand so people are aware with the possible scams, and attacks that might risk to their funds.

If the transaction happens on the exchange you can easily report those incident on their support and they will take an action they will block the seller/buyer accounts or freeze their funds. Base on my experience in Binance if you are trying to sell, you need to send the funds into their wallet,t and they will release the payment, which seems to be the same happen here, or did I miss something?.

Yeah, it helps. Unfortunately, people do not learn from others' mistakes. They make mistakes themselves, and sometimes, they learn, and sometimes, they don't even learn from their own mistakes. I have been on the forum for years and have seen a lot of scam accusations, yet I have fallen for scams. Sometimes scammers manage to trick our minds, and they win.

Many people get scammed just because they do not pay enough attention. I was scammed because I was too lazy to verify. I became a little more careful since then and I hope everyone else will be careful.

Avoid strangers.

Scammers hunt for attention through social media and texting apps like Telegram, avoid strangers at all cost, none of them have a good agenda sending you messages.

Don't click on links sent to you through email.

Scammers are still targeting emails sending them bad links waiting on the other side to hijack your data and other sensitive informations including taking over your email account.

Don't be greedy.

The most crazy part that scammers trapped their victims with is using greed, everyone is greedy today, the level is very high and people don't care anymore, my advice is don't seek for freebies where you don't work, don't try to claim money or prizes that you don't work for.

That is right telling people about our scam experiences is like creating group defense against scammers. Story from person on your local board about trading on Bybit is great example. Because he talked about that difficult situation where he got less money than he should have you were ready when same thing happened to you. You saw warning signs and already know what to do?
When we share these kind of stories they warn others members on this forum and teach us how can we become more careful. More we talk about these problems more people will learn about these kind of tricks that scammers mostly use scam people. With sharing what we know we are basically making it tough for these criminals to win.

People’s experiences is one means to learn. Many schemes to scams and scamming as we have it has been flagged and publicly exposed because, it’s the same people in the society that are at the receiving end of these actions. Spreading the news on this definitely would help someone as, people are going to know people that might be experiencing the same thing and be quickly warned on the inevitable.

Better to learn from people’s sad experience as it relates with scams than experience it yourself. It’s a word of caution and one that helps to make you smart on the streets of the internet.

This forum is a good place to learn about scams and the latest tactics of scammers especially in cryptocurrency, this beginners and help board is very helpful, also the scam accusation board. The rate of scams is on the increase and there is a serious need for people who have had experiences to share it so that other people will learn and beware. The latest scams in my country is Ponzi schemes, I have noticed that a lot of investment platforms are scamming greedy people, they will promise profits on investments on a very short term and people will use all their money to invest, in the end they will be scammed. Let us beware of get rich quick schemes all of them are scams as far as I know.

Sharing our bad story really help people to avoid the same bad experience. But that will depend on them because not many people want to learn from other people mistake. They feel they are safe and can make the transaction because they are carefully when doing that thing.

But reading that bad story will give us more knowledge about how to avoid the scammers or hackers so we can use a better security to protect our assets. If you want to use P2P in exchange, you must search for the right seller or buyer so you will not face the bad thing.

That is why the community share their experience so other people can learn from their mistake. That also help people to search for more info before they decide.

But this is one of the most basic scams ever.  You are offered something, you are scammed for a little amount and then you keep getting scammed more and more until you run out of funds and give up, the final amount lost being at the end way higher than planned.  This works because it is not hard to emotionally manipulate the victim into hoping they would get their money back if they send only a little bit more.  The trade was for 1000 Dollars, you sent 20 to the scammer.  Will you send 20 more if you are promised the full trade still happens?  If you do, will you then risk only 10 more for 1000?

Instinct and common sense.  We all have it, it is only required that the trader uses it!

I've almost never been scammed, but it happened to me once that I paid upfront for a deal that was too good to be true, and ended badly. The problem is that the vendor had the blue tick in social media, and coincided in the moment when it changed from being a strong indicator of legitimacy to be used by fraudsters to pretend to be serious. (Fake) good comments in his feed made the rest.

My instinct and common sense weren't enough in that case, although I was very aware that the worst could happen, so it was a measured risk somehow.

I am sorry but in that situation you lacked common sense at all.  Even if the blue tick was legitimate and it was a celebrity with everything to lose, a too good to be true deal is still a red flag.  It could be a legitimate account that has been recently hacked and I am the first victim to fall for it.

Well I think it is true that sharing our experience about scam can save someone else from being scammed, So I will tell it. I have been a victim of a coin or token scam that seemed to have good utility, initially I saw the coin was trending and because at that time I was still a beginner, I immediately started buying it in large quantities, but what happened was that in just a few weeks, the coin experienced a drastic decline and in the end I felt disadvantaged and this was a scam, and just now I checked the token again on the cmc site, it turned out that there was no market movement at all. The lesson that can be learned from that is, always be careful to invest, especially in crypto, because there are so many token makers or even coin makers who try to do rugpull with very good promises at the beginning, but it's just a trick, and therefore you should know and learn about whatever you invest in.

Other than that, I have also been a victim of a scam like MLM (Multi-Level Marketing), it also happened because I saw many people making money there, what they offered was a return of 1.5% per day from the total amount we invested, and the bad thing is that at that time I didn't just play on one type, as far as I remember there were 3 similar types that I tried, but in the end my money just disappeared.

Maybe that's the experience that I hope can be used as a lesson for people or even save people from scams.

Totally, and I still wonder why I decided to take the risk.

In my case it wasn't a celebrity (these cases started to be common later, with people trying to impersonate Elon or Vitalik, or even hacking accounts), but a former legitimate store which closed and sold the account at some point, or got hacked, I'm still not sure.

They used to sell products from "spare" batches with great discount because of stock reasons, but by the time I knew about them and decided to buy there, the account was compromised and investing in marketing to catch the unwary.

I hope that this experience will be useful to those who may find themselves in a similar situation in the future.

Fraud always looks for loopholes to find victims, fraud cases occur almost every year but why do people still fall victim to fraud? This could be because he is a beginner or because they do not use other people's fraud cases as an experience for him to be more careful. So you are right, if someone does not learn from other people's experiences, he will often be careless in carrying out crypto activities.

It is difficult to eradicate fraud in the crypto world because it must be admitted that it is part of crypto that we can call the risk of entering the crypto world. However, if we learn from other people's experiences and continue to be careful in carrying out crypto activities, we can avoid fraud. So don't take it lightly if there is a case of someone who tells that he was deceived by the crypto world, because indirectly he is actually helping us to avoid fraud like what he experienced. In any case, everyone must learn from the experiences of others and from their own experiences because experience is a reminder and teacher for us to minimize the risk in carrying out crypto activities.

I have seen the thread in our local board and like I said on the main thread that this is exactly  how bybit vendors behave so they could scan beginners. I think there are many scammers in some centralized exchanges, so if you eventually fund one guy should not hesitate to report the person, maybe after reporting the p2p Marchant he or she will be banned or be restricted from any further per 2 per transactions.

I think a lot of people are learning every day from the experience of others and at such they try to prevent the same thing from happening to them but then there are people who may not be fortunate to be in the forum who needs this information because if you check very well someone who is in the forum and who is able to get several scamming patterns as they have been shared here it is not possible for them to fall victim of the same scam unless the over greedy people. The people outside the forum are mostly the people falling victim to scam because most stories about scam as discussed by mistake members happened when they weren't members here or some almost got scammed but because of the information they have they were able to to identify the scammers and block them.

The modus operandi of scammers is widely known, there could be slight differences in individual cases, but in general it is not something uncommon, for example, you ought to know that you should verify everything when you are trading on any platform, it is something that everyone should know, don't trust; verify.

That said, there is nothing wrong in sharing your own experience, if there's one or two persons it can help, then that is good, but it would be better for people to learn how scammers operate from a general point of view and how to make sure they don't fall victim to scammers.

That's why communal living will continually be placed above solitary life. Man is a social being and as such every individual is important in the advancement we all seek. A problem shared is a problem solved, as they say.

BTW, I don't think that scam attempt is exclusively a Bybit thing. It's something we find on most exchanges running P2P. For that reason, everyone should scrutinize every deal without rush, make sure you receive the said money in your account. Don't rely on an SMS announcing that you've received cash. Be sure the money is in your account and complete before releasing coins to anyone.

Learning from other person's experience is the best way to learn, but sometimes people don't learn until it happens to them. Few days ago, someone that I know got scammed and when we got talking, I got to know that he was aware of such scam but still fell for it. I don't know if it was forgetfulness or greed, but this is a scam that could have been easily avoided. The money lost was quite small but it hurts to lose it that way. So while we hear from others, we still need to be extra careful.

If you really want to proof yourself from even getting that first initial taught of any scam being real then the first thing to do is always to check out for the deals that is being offered as when the deal appears too good to be real then it's obviously scam. In my little time and experience surfing the internet I have seen crazy accounts and work ethics of scammers that you will begin to wonder if actually some of these scammer are actually not practicing their real profession because the level of dedication and work is really outrageous but what always help me is when I back check the deals and that's when you know something off.

Many of those who fall into the hands of scammers may are  because they lack information about the specific tactics scammers use. If some of the victims were aware of these strategies beforehand, it is very likely they wouldn’t have been scammed. Therefore, sharing experiences about scammers' strategies can be a great help to many people.

As for me, I have never fallen into the hands of scammers, but I have encountered one before. Luckily, I was already aware of the strategy the scammer attempted to use on me, and that’s how I managed to escape. Just imagine if I hadn’t known about that tactic I might have been scammed.so, sharing personal experiences about scams is always important, as it helps others recognize these tactics and avoid becoming victims. It’s one of the best ways to ensure that more people don’t fall for these tricks again.

I don't know about other people here in this forum, but these stories and scam reports shared in this forum have helped me greatly in dealing with suspected scammers. I have gotten lots of unsolicited messages in my DM and even on Telegram, offering to either help me fix some things or help me make some money within the twinkle of an eye. It is very easy for me to identify them as scammers because people have shared similar stories of how they got scammed. I wouldn't have known most of these things if I wasn't here in this forum.

This forum is indeed a place to be. It has not only taught us how to trade or invest in cryptocurrencies, it has also exposed us to the ways scammers/fraudsters operate and has also put in efforts to give us regular tips on how to avoid them.

Exactly, I’ve also benefited in the past from people sharing scams that happened to others here on the forum or on social media. The important thing is to understand how these scammers operate — it’s basically always the same tricks, just with small differences. If everyone learned properly how to protect themselves, we’d avoid a lot of these scams!
I always say it, and I’ll keep repeating it — maybe someone reads it and learns something.
Rule number one – don’t trust, always verify!
Rule number two – not your keys, not your coins.
These should be burned into everyone’s brain!

I do read those scam experiences of the victims. And I pick lessons.
Recently though the one that I have been very engrossed with are the malware that are being reported on the forum. You know, those ones that can infect your laptop and mobile phones.
I have read the experience of those who are victims to it.
I read the story of that CEO, can't remember his name who lost a lot of money as a result of the hack.
So I am reading at least more than half of those stories.

Scammers are always looking for ways to be some steps ahead of us, they are always looking for new ways to scam people since their old methods are mostly known.

On the Bybit p2p scam, it do happen especially if you are not very cautious about hen selling your crypto for fiat. Some vendors can be funny to send you part payment and once you release the coin to them, it is gone forever, therefore, we need to be very careful when releasing your coin to vendors.

I have never been scammed before, but I have seen many people that were scammed. But still, most people that are scammed are due to these two factors, which are either greediness or ignorance. These are the two factors that scammers always consider before they try to scam a person: the first thing is to see if the victim is a greedy person or not, and then the second is to consider if the victim is ignorant or not. This will make them go to the next level of scamming even though we all know that the scammers are some of the best clever people that you can find because they will try their best to see if they will be able to scam you for your money, and they will use all tricks available for you, which means if you are not careful, you will fall victim to one of their tricks, and they will scam you without any pity.

So the best way to avoid being scammed is by not being greedy and also looking for knowledge when you don’t know about something. That is why it is very good to always engage in research and ask effective questions of those that have more knowledge and experience than you.

The fact is that many will still be scammed  because many thread has been created here on this Bitcointalk' forum expecialy on the beginners and help board and still people are been scammed. In summary, no matter how you advicekst people here, they will still fall for scammers because they haven't learn any lesson for the first time with their hard earned money.

The experience he shared is a common issue when dealing with people on cex p2p. Before I always Hit the sell order, I usually make sure the customer in question has a %100 rating and I make sure when I press the sell botton i check if the price I saw initially corresponds with the current price before i proceed because Most buyers place a fake ads but on clicking the buyers profile to initiate trade,the price changes. That is why we need to be careful.

Well I have been a victim of scam in the past and it was on Binance P2P, although I won't say I was a complete newbie at that time, but I wasn't as experienced as I am now. I sold my usdt to  my local currency and the buyer marked the trade as paid. I tried to access my bank account to verify payment but my bank network was totally down and I couldn't login my account to check my account balance. I waited for some time to see if bank services will stabilise but nothing happend and the buyer was on my neck saying he has made payment. After waiting for about 30 minutes, I decided to release the coin, believing that my money will be there when the bank network is restored. Since It was obvious that my bank was having network issues that prevented me from checking my balance.

It was the following day that the bank network was restored because I did the trade in the night. When I checked my account I didn't see the money. I contacted the guy and he said the money bounced back and I told him to send back the money but he refused. That was when I realised that I have been scammed. Ever since then I decided that even if it will take me a week to confirm if my money is in my account, I will wait and make sure my money is there before releasing the asset.

I have had similar experiences in the past but I was very cautious and careful with it and I immediately thought of it to be a scam because it is false amount, tricky and also a deceit done vendor's and I do not bother trading with them. All I do is just to take cognisance of such account and try not to have anything doing with them because for the fact that they have exhibited such attitude, they can also scam one while transacting so the best thing to do is just to be  much careful while conducting transactions on p2p. Another thing is to read their terms and conditions before doing trading with them otherwise you will have yourself to blame for you not reading it.

Scammers are smarter because they know that they can't succeed if they do not go steps ahead to learn new tricks so they try to upgrade their scamming skills when the old format they use is outdated and they no longer succeed in scamming people their funds with the format. Bybit scam is increasing daily because lately some of the Marchants no longer want to pay for that they are buying they would prefer to either send a fake alert they send proof of payment to the seller hoping for the person to make a mistake by releasing the coin then they are gone or they send you half payment and claim that they did it out of oversight to avoid such scams you need to be on alert to be able to avoid them from achieving their aim which is to steal from you.

What you described it's really a "crypto scam" per say, its more of an "opportunity" for buyer to get it cheaper. I mean, it's not fair by any means, but this is something that has existed since invention of money.
Scams would be, imo, those fake website offering 5% daily returns and similar shit. Or "good samaritan" helping withdraw btc from a bogus exchange, etc...

Remember, we have to take lessons from others history. If you want to take lessons from your life always, then you might be a big loser. Often we can see various scam types on the forum. We have to learn from the victims how they fell into the scam. So in future we can prevent that type of scam since we know about it. We have been sharing on the forum each scam, so others could read it and be aware of it.

When we read the scam accusations board, we may discover a lot of threads. Those are proven scammers, including casinos like 1xbet, and should be ignored anyway. This means we can save our funds from scammers this way. So yes, we can help each other to prevent scams when we share it on the forum.

I've been using P2P for quite some time already and fortunately; I haven't experience getting scammed by these buyers/sellers. I guess looking at the number of transactions they've made would help as well, and the percentage of successful transaction also helps. I mean on Binance, it is indicated there the amount of transaction the buyer/seller has made, the percentage of successful transactions. When we're selling or buying especially when it's P2P, it's always a must that we know the exact amount of money that we're getting/selling, and don't click the "confirm" button (or whatever it is) if we haven't got the exact amount.

As for my scam experience, I guess I'm lucky that I haven't got scammed yet by these scammers. For me, they are using cheap ways to scam investors which for me "WILL NOT WORK" at all. It's better to be skeptical at all things than losing a huge amount of money. What I'm doing though is that I'm just sharing the experiences of others here in the forum. I've read some investors that got scammed and they're sharing it on both on X and in Reddit as well.

In real life, people are victims of fraud in various ways, and people eventually gain many important experiences from being victims of these frauds. People decide to take precautionary measures after hearing and seeing stories of others' fraud. I have been a victim of several fraudulent and important situations in my life from which I have learned a lot. These fraudulent activities are more common in the crypto world. I experienced such a fraudulent activity while trading on Binance P2P that I later warned several people. Newbies who are going to make such transactions should be careful in advance because most fraudsters scam when making P2P transactions on Binance.

What people learn through bitter experience is much more effective in people's lives than what they learn from books. If people are made aware of fraud and deceit, then it is possible to prevent fraud by scammers to a large extent. If forum members are made aware of these issues, they will think before doing anything. But many times accidents happen suddenly.

There are many of us who are much more experienced, have learned from reality, have learned from books, but because of being a little different, they fall into the trap of the fraudster, that is, the fraudster convinces him in such a way that he is forced to fall into the trap of the fraudster.

Yes, what people learned through bitter experiences is more effective but this is only applicable to the people who don't want to go through the same route not everyone because despite the huge warning and advice provided on this forum we still have some people who replicate the same mistake maybe it because they find it hard to read or they are just naive to the extent of replicate the same mistake.

Self learning plays a viral role in our day to day life. I know we see a lot to the guys sharing their past scam experiences or tying to spread knowledge/awareness regarning this problem. But when  it's about listening to that and applying it in our own lifr, a lot of us don't. We don't until we actually get scammed ourselves. I guess it is a blessing in disguise. An important lesson learned for life.

It is true that scammers are always ahead in their dirty acts because if they relax, their trick would become outdated and they would not be able to get any victim for their so in that case they would need to me more smart and sophisticated to et many victims who they could rpoftheir funds to help fund their lifestyle and their criminal act to remain in their scamming game.

On a normal, while in the middle of a p2p transaction, one needs to be on alert to make sure their deals scale through because these days funny things do happen. I have had such experience in the past, so I understand where you are coming from. We just have to first confirm the alert with our mobile banking app first rather than waiting for an SMS alert then the next thing I will suggest for one to do is to transfer that money to another account first before releasing the coin. These are the measures I take to make sure I am safe whenever I notice any funny attitude from the vendor I am transacting with.  Sometimes the vendors put ToS, and at the same time, mess it up, and they would be acting as if they do not know what they are doing and would immediately apologize, making you think they are sincere, so you do not report them meanwhile they know they failed in trying to scam you.

I am blessed to be married, so it is common for me to call my wife to recheck the amount that was send by a trader in an exchange. So it will not be wrong to ask someone to cross check the transactions before releasing the coins. However you have to pay attention to details when engaging in any financial transaction.

Even in schools, one of the teaching methods is storytelling. People can learn from other people's experiences. It is better to learn from other people's failures than to make the same mistake. So, I would always encourage people to share their experiences.

It is very important to share our experience about how we or people close to us get scammed because it helps some who have not experienced it before and also makes them understand that scammers are Real, there are many methods that scammers use that can scam people and the only way to never fall in their trap is to be smart whenever you encounter any scammers because they are very smart and they can do anything just to lure you to their trap.

The only way to never fall into their trap is by acting smart and never being greedy because greedy people are easily to get scam, do not press any link sent to you by anybody because some links are not good and immediately you click on the link it will let the scammer get access to your details and they can hurt you at that particular time, we can escape the scammers because they always come for those who are holding important things but with our knowledge and being smart we can not easily fall into their trap.

This can happen frequently on P2P, so no one should rely on fake proofs or screenshots or contact the merchant outside the platform. It is essential always to verify the bank account and ensure the amount has been received before releasing the transaction. Also, carefully read the merchant's instructions before the transaction. It is preferable to deal with merchants who have a high trust rate of over 98%, as this will help you avoid falling victim to fraudulent merchants, most of whom are new.

Fraud doesn’t only occur on P2P; there are many fraud schemes in this sector, including pump-and-dump operations, Ponzi platforms, scam websites, and new CEX platforms. Therefore, everyone should read a lot and learn from others' experiences and stories, so they have a broad background knowledge of various things. They won’t become an easy target for scammers.

It's important to share our experience with a scam attempt no matter how insignificant it might sound, because our topic could very well save someone else in the future. So far, I've suffered three scam attempts, one was successful, through a fake Google Sheets app on Chrome, another through a Discord group and the latest and least dangerous one, Binance's fake SMS messages. I've reported or mentioned every single one of them because it might protect someone else. We need to be suspicious of everything that doesn't look right, or too good to be true.

Unfortunately, I've heard quite a few stories with P2P, so I'd advise extreme caution and using a reputable platform/service.

Agreed. I search on Google before trying anything new to learn about people's experiences and whether it's something I should proceed with.


There is specie of people who only learn from experience of their own; you may tell them, if you touch the flame, it'll burn you but still they'll touch it, get burned and only then do they  learn.

Yes when someone hasn't experienced the same thing then they will just ignore it and say it won't happen to me.
But then when someone learns from mistakes that have been made by others, then it becomes a learning that is always remembered.

Many people experience fraud in different modes but some people remain stuck in the same hole.
It is only necessary to respond that the scam will target anyone, including those who look very safe but will eventually become victims.

I started to learn about all the scams that occurred and made a reminder to stay vigilant if I found the same mode.

Even though P2P scams are some of the most obvious scams and are very easy to spot, some people still get scammed by these methods, and the reason for that is that they don't check everything properly. Why would you be in a hurry when making a P2P trade? Take your time, make the counterparty do what they have to do, and verify everything before you either release or pay them, it's not that difficult, but for some people, it's such a big issue verifying everything, they just panic and out of that, they let the scammer scam them and go away.

Scammers are getting smart, there is no doubt about that, but scammers tend to target those who are vulnerable because they know they are easy targets. Even if we talk about scammers in the real world, they know they won't be able to scam people that are young and educated, and that's the reason why they always scam older people over the phone because they know they are vulnerable.

It will be so good if they already got enough knowledge when they say those things that scamming incident won't gonna happen to them. But if they just made that reasoning because they are lazy to engage with this discussion then provably that there would be a time that the would face same consequences especially that if they act fool around with certain attractive programs they see online.

There's so many things to learn especially if they try to learn from the experience of other people also if they do a research about how this things happen.

This is somehow good to read so people would get an idea about how scam happen and how they can avoid it https://www.investopedia.com/age-and-financial-fraud-11714608

To bad for me I learn this scam in hard way and learned a lesson in hard way due to many scams also money loss I encountered before.

For me to avoid getting scammed online, it's better not to connect our main wallet on unknown links, and that's why you can protect yourself! And if you accidentally connected to the unknown site, you better clear browser data and clear the cache.

What type of scam are you talking about, because we have various styles pf scam and from the look of things, and what you have written, you are talking about p2p scam which is a new type of scam lately that it discussion have increased here on bitcointalk. I saw a thread in my localboard where a user complained how he was short paid and he confirmed without due diligence and he lost his money.

S9 many traders are now aware of this and with the experience of others shared so far, it helped to enlighten other against such tricks and scams, what you should know is that,  scammers are never giving up, once they styles get exposed, they will move to another style and so on for that we need to be constant informed and updated with their strategies, best board to discuss this and seeing all related help, experience and suggestions is on the scam accusations board, 9n that board you will see several pf them being busted there.

Yes, In my thinking we will never realize this or be aware enough until we find ourselves in this situation or become a victim of a scam. Because maximum people read those type of story for fun and enjoyment. Day by day scammers are updating and they are thinking different types of idea and ways to scam people. Thos people who scammed before they are aware and they think every time before give a step. That's the reason a scammed person more aware then non scammed person. Life always give us good lesson no one give us that.

There are a lot of scammers in the P2P market, and that's why, whether you're the buyer or the seller, you have to confirm that everything goes well for the other party first.

But the burden is with the seller when most of the buyers are scammers, and they'll fake it that they've paid them already.

So, always verify when someone is very active in the P2P market because the scammers aren't choosing their victims. As long as there is a potential victim to them, they'd scam them.

I don't think it's wise to say so, you don't have to wait for such to happen th you, if you practice safe way to avoid hack or bother becomes victim of any scam, that means the scammer tried so hard to get you because simple scams and how to avoid them are very simple and easy to read and understand. If you practice them as they arw been discussed, I'm not sure you ar going to be wallet drain or hack because there wouldn't be any funds in the first place.

Imagine been a crypto investor and you bough $50k worth of Bitcoin and then decide to leave everything in the exchange, I'm very sure that you might not be as aware that much. If really you really are, you would be concern and not leave anything on the exchange. This is why self knowledge is very necessary if you are in crypto and not only that, make sure that you keep learning everyday, that's the only way to win if you are in crypto.

You pointed out big problem with P2P market which is that there are many people trying to trick others. It is  good for both buyer and seller to be careful and make sure other person has done which he/she must do.
You also mentioned that it is mostly harder for sellers because some buyers will pretend they have paid when they have not. This means sellers need to double check that they have received money before they send anything.
It is also good idea to be careful of people who are very active in P2P market. Scammers mostly try to do many deals so they have more chances to trick someone. So if we are using P2P trading we needs to stay alert and check everything carefully to avoid getting scammed.

Yes, it's the responsibility of the sellers to check every transaction that they go through. Because if they're careless and just doing it based on the trust they're giving to the buyers, they're mostly going to get scammed again for a period of time.

That is the reason why we have to verify each transaction that is paid to us. This gives everyone more caution because it didn't happened just a few times but for so many times.

Those that are very active in the P2P markets, all you have to do is to verify every single time you have a transaction in that market.

Yeah, I have friend being scam in the P2P market, so we really need to be very careful on who we dealing with. I mean we just need our common sense not to blindly trust anyone even if they say that they have send the money already we need to check our wallet first if indeed there is the transaction.

I think though that the exchanges should also scan everyone before making them a buyer in the market. Because there are really too good to be true offers and it really sounds like a scam so the exchange should flag that.

That's why we shouldn't rely on SMS alerts to assume money has been sent. Opening one's banking app and verifying from there is the best way to go. One won't ever go wrong going that way. That's how I go about mine. However, most sellers are often in a hurry to conclude transactions and won't even verify all that. I've read here where a member said he was tricked by a buyer who didn't send complete cash. If one is careful to run through transactions, one should be able to identify any discrepancies in every transactions. Scammers don't have the luxury of patience and that's why they will always rush their victims through any transaction. To disarm them, slow down their rush/hastiness.

The atmosphere changes when someone inexperienced or quite nervous is on the actuality of the trade. And that's why they panic and they become a victim of these scammers in the P2P market.

Well, there are some disclosures and also the self awareness that we should have that they're telling us. And as for experience, we already are aware of them and so, it's just about us and how we're going to deal with these scammers.

That's right. It won't cost a lot of time to verify it on the actual banking or wallet apps that we have. The time that we're going to spend on that is going to be better than having a potential scam because of our negligence and laziness.

I think that victims who have been scammed was due to the hurry that the scammer does to them. They have to remember that if they've been rushed to do the transaction and checking, they have to look at it as a sign that there could be some red flags already.

One of the essences of the forum is for members to share their ugly and good experiences because, as far as Bitcoin and cryptocurrency are concerned, there will be many experiences that people need to learn from. One thing about learning is that you can't learn everything and know it all at one time; we learn from the mistakes of others. The understanding most people have about scams today is not based on their own experience or research; it is based on the experiences of others.

Scams are lessons that people can learn from the mistakes and experiences of others because anybody can be a victim of a scam. For sure, experiences like this shouldn't be something people keep to themselves.

Exactly! That part I bolded for emphasis is laced with salient message and I want to believe that genuine newbies on this forum and greenhorns to P2P (it doesn't matter if one is a veteran or high ranked here) should take note of that part.

What I do when I've an impatient merchant, whether on an exchange or on telegram group, is to slow down and spend more time running through the transaction I've with them. Trying to hurry me up activates my radar. I've saved myself from falling victim more than three times that way.

Just as legitimate technology is getting advanced, scammers are also advancing their techniques and they look so real and undetectable now which is easy to catch unsuspecting people or those in a hurry. Talking about P2P scams, I once received #405,325 instead of #455,325. You can notice how the scammer carefully structured the less payment in a way that it is almost undetectable? We should apply serious caution in any dealings in crypto because as soon as the mistake is done, you may not be able to reverse it.

I've even received fake alert from a vendor on Bybit, but I held on for it to reflect in my transaction history in my banking app, else I would've been scammed. I would advise that any transaction involving your bank should not be confirmed by alert alone, go to your bank app and be sure the transaction is registered there.

That's right, you have to do it slowly so that you can always review if you're doing it correctly. And if the other end is on a hurry, let them hurry on their own but you're not going to move as if they're predicting the entire transaction.

You just can't do what they like without verifying that everything has been done already accordingly. Most of the newbies that have this kind of merchant, they usually panic.

They're putting pressure so they are predicting that you should do it already but do not be dictated by them.

Yeah, that hurry up or you will lose out! stuff is such an old and tired tactic.  If some shady character is pushing you to send over crypto without letting you take a sec to think things through and verify stuff, big yikes and  major red flag central.   

I have witnessed some poor folks fall for it - the bogus sense of urgency, the get rich quick schemes all of it.  Preys on the whole FOMO mindset and makes people freak out and skip steps they shouldnt.  Panic isnt the wisest advisor when trying to make financial decisions. 

Exactly, when they are trying to rush you to do something all of a sudden, then there is something they don't want you to find out about what they are doing, and when they show too much concern about how much could be madeom it, those who actually know how to make money, besides those who actually know how to make money through crypto, should be busy doing that and not be on their system trying to teach another person how to do it.

This is it, to share your crypto scam experience with others so that they will all learn from it. I know of how many times the good and bad experiences shared here by forum members have been of help to me on how to stay vigilant about my crypto assets and not to lose guard to anyone out of carelessness or mistake that could have been avoided.

In all of this, what I don't fail to do is withhold the experience I learn about from other people to myself alone without sharing it with my friends who are not in this forum, I know that it will help them also to learn from other people's scam experience

Yes, I think I came across the thread and i must say sharing experience is very good and helpful because after I came across the thread while I was trading on my Bybit the buyer sent me a money below what he was meant to send and I immediately check the payment and I saw it and I chatted him up that if he doesn't complete my money I won't release my coins and he was trying to say it was a mistake because he has a lot of people he is trading with and this has not happened only twice or thrice I have been having this experience Maybe I should just stop using Bybit though I don't now if other exchange are like that, thieves everywhere. And maybe if not for the thread I wouldn't have bother to check if the money was complete or not though some people even after seeing such experience they would still fall victim because of carelessness and laziness.

Can anyone point me to someone or somewhere to find help retrieving my winnings from online casino? They won't give me my $200,000.00