Scammers always hunt for the greedy ones

[Bravehash]

Imagine how painful it is when you lose money to scammers simply because of your own greed, here is another new verified scam that's presently ongoing on binance exchange via P2P trading

There are some buyers and sellers on binance P2P platform that are willing to buy coins from you who are greedy at 2x price, for example 1 USDT = 1 $ as we all know it but they are ready to pay 2$ to 4$ per 1 USDT, DIA and even ETH... Imagine selling your ETH at 1,700 x2 and people thought it's genuine, here is a sign and still some don't know



And binance always warn to never release coins unless you verified payment received in your bank account but some went ahead and release coins before they receiving cash, here are some regret words from greedy ones



who dares pay you 300$ for coins that worth 100$??? Like seriously I don't blame these scammers but the greedy sellers who want to make 2x gain without any work just like that

Don't hesitate to check buyers feedback, some are well rated as they have no dubious attempts in mind

Also do not release coins unless you receive deposit in your bank accounts and also find fair buyers that buys at normal rate, nothing is for free in this world, if something is too good to be true it's 99% certain that it is a scam.

[Bttzed03]

Don't hesitate to check buyers feedback, some are well rated as they have no dubious attempts in mind

You can add don't easily trust the number of their past successful trades. Those transactions could be fake too.

[hugeblack]

Scam methods are developing rapidly, and a person needs to be informed of all news daily and not to send money only when you are 100% certainty that you are safe. Otherwise, trade with popular platforms that will not scam you because they will lose their reputation.

Scam methods will not stop at Binance but many altcoins are not safe and you need to wait for a long time, such as 10 or 20 confirmations, to be safe.

Binance P2P is not a way to buy/sell Bitcoin as all things can be done with Bitcoin mainnet instead of using that platform.
One of the aspects that make people prefer the Binance is the low fees. saving a few dollars in tx fees may lead you to lose your money.

[MCcryptonia]

Not all successful trades are really successful, those scammers can trade between different accounts belonging to just one person, remember KYC verification isn't that hard on exchanges anymore, it's better to read users feedback and trade with those with multiple successful trades and zero bad feedbacks

[SquirrelJulietGarden]

Binance P2P give you some information for your trade partners:

Total orders
30 days completion rate
30 days order
Average release time

You need to choose trade partner who has high total orders, and high total orders in last 30 days. You don't know what happen with account has good trades in the past but inactive in last 30 days but suddenly want to come back and trade.

Completion rate: choose a high rate, 80% up.
Average release time: choose a short one. You don't want to trade with a person who will let you wait for long.

If a trader has too little past trades but gives you a good rate, consider carefully. I don't say every trader gives you such attractive deal is scammer.

[FatFork]

There is always the possibility of encountering a scammer, just as there is with any other P2P platform. In fact, a lot of users are that don't want to spend time reading reviews. Chances of finding a good trade partner is higher if you look at the past 30 day average volume and some transaction information.

It's good to point out scams like this, but I agree, the greedy ones will always fall for it first.

[Commie]

Binance P2P is not a way to buy/sell Bitcoin as all things can be done with Bitcoin mainnet instead of using that platform.
One of the aspects that make people prefer the Binance is the low fees. saving a few dollars in tx fees may lead you to lose your money.

Please tell me how to sell BTC for cash using mainnet. That's the reason lots of people from all over the world use Binance for P2P trading. The OP made a valid point, everyone needs to be careful, but I'm yet to see something that looks fishy. Where I leave lots and lots of legit Binance customers use P2P option and it's quite easy to find a reliable buyer/seller.

[Lucius]

I would not agree that scammers are looking exclusively for those who are greedy, for them even better target are those who have no idea what they are actually doing. A person who has invested in cryptocurrencies and does not know what a public/private key is, or how important it is to keep a private key/seed just for their eyes will very often fall victim to those who offer quick overnight earnings - in the way "send me your seed and I will send you twice as much BTC than you have in 2 days".

Given that knowledge of cryptocurrencies is still quite modest among people in general, scammers actually enjoy making a profit in a very easy way. Of course, I feel sorry for all those who have been scammed, but the first rule before investing your money in something is to learn as much as possible about it - study, be careful and do not trust strangers who contact you online.

[CrossroadBTC]

I would not agree that scammers are looking exclusively for those who are greedy, for them even better target are those who have no idea what they are actually doing. A person who has invested in cryptocurrencies and does not know what a public/private key is, or how important it is to keep a private key/seed just for their eyes will very often fall victim to those who offer quick overnight earnings - in the way "send me your seed and I will send you twice as much BTC than you have in 2 days".

Given that knowledge of cryptocurrencies is still quite modest among people in general, scammers actually enjoy making a profit in a very easy way. Of course, I feel sorry for all those who have been scammed, but the first rule before investing your money in something is to learn as much as possible about it - study, be careful and do not trust strangers who contact you online.

I totally disagree, there are some scam tricks that works on people that don't actually know what they are doing but this very one that OP is talking about is pointing to the greedy ones, it's 100% clear that sellers want to sell coins that are sold everywhere for 1$ at 2$ or more, this is complete greediness

[Asuspawer09]

Imagine how painful it is when you lose money to scammers simply because of your own greed, here is another new verified scam that's presently ongoing on binance exchange via P2P trading

There are some buyers and sellers on binance P2P platform that are willing to buy coins from you who are greedy at 2x price, for example 1 USDT = 1 $ as we all know it but they are ready to pay 2$ to 4$ per 1 USDT, DIA and even ETH... Imagine selling your ETH at 1,700 x2 and people thought it's genuine, here is a sign and still some don't know



And binance always warn to never release coins unless you verified payment received in your bank account but some went ahead and release coins before they receiving cash, here are some regret words from greedy ones



who dares pay you 300$ for coins that worth 100$??? Like seriously I don't blame these scammers but the greedy sellers who want to make 2x gain without any work just like that

Don't hesitate to check buyers feedback, some are well rated as they have no dubious attempts in mind

Also do not release coins unless you receive deposit in your bank accounts and also find fair buyers that buys at normal rate, nothing is for free in this world, if something is too good to be true it's 99% certain that it is a scam.

I mean isn't it how it was really done? P2P trading in Binance? I mean you shouldn't really release the coins unless you receive the deposit first? that's how it works in P2P trading.

It's always a sus of course seeing this kind of deal so just be careful dealing with a sus deal, Just follow the rules in the P2P trading on how it should really be done to avoid getting scam.

Also, there are a lot of ways to buy bitcoin or cryptocurrency I guess you could try other ways to avoid this, or you could always appeal from Binance if something happened since they were handling these transactions.

[Poker Player]

I would not agree that scammers are looking exclusively for those who are greedy, for them even better target are those who have no idea what they are actually doing. A person who has invested in cryptocurrencies and does not know what a public/private key is, or how important it is to keep a private key/seed just for their eyes will very often fall victim to those who offer quick overnight earnings - in the way "send me your seed and I will send you twice as much BTC than you have in 2 days".

Given that knowledge of cryptocurrencies is still quite modest among people in general, scammers actually enjoy making a profit in a very easy way. Of course, I feel sorry for all those who have been scammed, but the first rule before investing your money in something is to learn as much as possible about it - study, be careful and do not trust strangers who contact you online.

I totally disagree, there are some scam tricks that works on people that don't actually know what they are doing but this very one that OP is talking about is pointing to the greedy ones, it's 100% clear that sellers want to sell coins that are sold everywhere for 1$ at 2$ or more, this is complete greediness

Actually, some classical scams are like that, based on greed. They require you to pay a sum with the promise that you will get much more. Online scams are just a normal evolution of this.

[Lucius]

I totally disagree, there are some scam tricks that works on people that don't actually know what they are doing but this very one that OP is talking about is pointing to the greedy ones, it's 100% clear that sellers want to sell coins that are sold everywhere for 1$ at 2$ or more, this is complete greediness

OP definitely refers to greedy ones, but the title of this thread says "Scammers always hunt for the greedy ones", which is definitely not true as I tried to explain in my previous post. Of course there are people who don’t know what they’re doing, and at the same time are greedy and impatient, but what the OP describes is only a small percentage of the total crypto scam.

If someone just searched this forum for those who bought some cheap BTC thinking they were buying a real BTC, or those who bought a coin address instead of the real thing or watch-only wallet, you would see that there are many more who have no idea what they are doing than the greedy ones.

[blckhawk]

who dares pay you 300$ for coins that worth 100$??? Like seriously I don't blame these scammers but the greedy sellers who want to make 2x gain without any work just like that

Don't hesitate to check buyers feedback, some are well rated as they have no dubious attempts in mind

Also do not release coins unless you receive deposit in your bank accounts and also find fair buyers that buys at normal rate, nothing is for free in this world, if something is too good to be true it's 99% certain that it is a scam.

Yeah, it is pretty obvious that there is something shady on that kind of transaction because who would let anyone be in disadvantages themselves in this kind of trade, I mean there's no way a person will pay you more than the amount they can receive right? This is just a basic instinct of traders after all. They always say don't be greedy in your trade cause' this will drive you onto your own loss and that is 100% true. Reading or scrutinizing user's feedback and past transaction will help you to give an idea of whether the users are trustworthy or not. Besides, I believe there are some rules in doing this kind of trade like payment must be accredited to your account first before releasing the coins so we might check it out first before engaging in any activities to prevent this problem.

[FloridaKid]

This is complete rules breaking, the rules on binance was never to release coins unless you get deposited first, even if the high price buyers are available I can still give a try to see if they can complete the payment first before releasing the coins, if not they you aren't at any loss.....It's complete stupidity if you release your coins first and wait for payment later

[CryptoATM]

I totally disagree, there are some scam tricks that works on people that don't actually know what they are doing but this very one that OP is talking about is pointing to the greedy ones, it's 100% clear that sellers want to sell coins that are sold everywhere for 1$ at 2$ or more, this is complete greediness

OP definitely refers to greedy ones, but the title of this thread says "Scammers always hunt for the greedy ones", which is definitely not true as I tried to explain in my previous post. Of course there are people who don’t know what they’re doing, and at the same time are greedy and impatient, but what the OP describes is only a small percentage of the total crypto scam.

If someone just searched this forum for those who bought some cheap BTC thinking they were buying a real BTC, or those who bought a coin address instead of the real thing or watch-only wallet, you would see that there are many more who have no idea what they are doing than the greedy ones.

You have a point, scammers hunts for anybody either greedy or not, you don't have to be greedy before scammers can scam you, losing private keys to scammers or phishing isn't greediness but scammers are well known for using attractive offers to lure those who are greedy too, you got it right

[HardCore12V]

I totally disagree, there are some scam tricks that works on people that don't actually know what they are doing but this very one that OP is talking about is pointing to the greedy ones, it's 100% clear that sellers want to sell coins that are sold everywhere for 1$ at 2$ or more, this is complete greediness

OP definitely refers to greedy ones, but the title of this thread says "Scammers always hunt for the greedy ones", which is definitely not true as I tried to explain in my previous post. Of course there are people who don’t know what they’re doing, and at the same time are greedy and impatient, but what the OP describes is only a small percentage of the total crypto scam.

If someone just searched this forum for those who bought some cheap BTC thinking they were buying a real BTC, or those who bought a coin address instead of the real thing or watch-only wallet, you would see that there are many more who have no idea what they are doing than the greedy ones.

You have a point, scammers hunts for anybody either greedy or not, you don't have to be greedy before scammers can scam you, losing private keys to scammers or phishing isn't greediness but scammers are well known for using attractive offers to lure those who are greedy too, you got it right

I disagree with the phishing point, there are two types of phishing that I know of

1. The phishing that promise good offers and only want you to do a click and boom 💥 you are already in trouble

2. The phishing that hijacks either wallet address or web page you trying to access and refer you to the danger zone

The point here is the first still talks about been greediness

The fastest way to lose money in crypto space is been greedy with yourself, moreover everyone wants 2x gains isn't it?

[passwordnow]

I've only heard this elsewhere and this verifies that it's really happening. Always verify when you're transacting through Binance's P2P or any other P2P that probably has the same procedure.
There really is an actual premium price for some crypto but that only happens in some countries of exception like what I've read about in some countries in Africa.

[taufik123]

those who are greedy will always be victims because they are always lacking in what has been obtained. But lack of vigilance will also be the reason why it is so easy for scammers to trap. Currently Hype Defi in BSC is high and many new coins are listed in BSC. and of course there are also many traps set by scammers. Some people I know have also been trapped because of the liquidity of the coin being withdrawn or the term "RugPull". I even experienced it once.
Getting a little profit is better than expecting a big but uncertain and ultimately losing out on the scammer trap.

[Furious 7]

those who are greedy will always be victims because they are always lacking in what has been obtained. But lack of vigilance will also be the reason why it is so easy for scammers to trap. Currently Hype Defi in BSC is high and many new coins are listed in BSC. and of course there are also many traps set by scammers. Some people I know have also been trapped because of the liquidity of the coin being withdrawn or the term "RugPull". I even experienced it once.
Getting a little profit is better than expecting a big but uncertain and ultimately losing out on the scammer trap.

That's where the trend is happening, for sure the scamers will stand up to trap us all, with currently many new coins appearing and that is ammunition for scamers to create gaps where they can be victims with that greed, I think it's not just you there are still many victims. and fraud that often occurs every day, indeed here we have to raise awareness where when there is something suspicious it should be avoided especially with unreasonable benefits.

[khaled0111]

You need to choose trade partner who has high total orders, and high total orders in last 30 days.

The number of successful trades doesn't mean anything. They could be fake trades the scammer did with his friends/accomplices. Reviews can be faked the same way.
In fact, Binance p2p platform act as an escrow between you and the buyer so you don't have to trust each other. Just don't release the coins untill you receive your payment, as simple as that.