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Peer to peer trade is risky and something you have to note for your trades.
- Scammers tend to create offers that are too good to be true. Who don't want to have as much profit as possible? But please remember that "too good to be true" offers are likely from scammers and very new accounts.
- You must be double or tripple careful when you consider a trade with new account
- Don't release your crypto before you receive payment transaction from your trade partner. Crypto transaction is irreversible, so if you release your coin, you lose it
- To avoid scammers who do money laundering, avoid trade partners who only or mostly have trades in bank transfers, credit cards. Only buy, not sell or mostly buy and very little sell.
- Scammers tend to create offers that are too good to be true. Who don't want to have as much profit as possible? But please remember that "too good to be true" offers are likely from scammers and very new accounts.
- You must be double or tripple careful when you consider a trade with new account
- Don't release your crypto before you receive payment transaction from your trade partner. Crypto transaction is irreversible, so if you release your coin, you lose it
- To avoid scammers who do money laundering, avoid trade partners who only or mostly have trades in bank transfers, credit cards. Only buy, not sell or mostly buy and very little sell.
That is absolutely true. You need to be very careful if you are any p2p trading platforms, because there are many scammers there. Always check the rating of the trader and do not choose those one who has negative comments/rating. It makes to use the bigger platforms like Paxful, LocalBitcoins or Binance P2P.
