Reminders to all Crypto Lovers

[Mr. Magkaisa]

6 Bitcoin Scams To Avoid When Using P2P

1. Romance Scams 

The first of the three man-in-the-middle (MITM) scam scenarios we will feature, a romance scam preys on your emotions to distract
you from a scammer’s true, nefarious motive.

2. Investment Scams

If romance scams deal with emotions towards a fictitious “lover,” what drives this MITM scam scenario is an individual’s desire
to quickly profit from an investment.

3. Ecommerce Scams 

This modified form of this MITM scheme involves e-commerce transactions on dubious platforms.

4. Fake Receipt Scams 

When doing P2P transactions online, it’s important to closely check the information being sent to you by your counterparty.

5. Chargeback Scams 

Sometimes, a scammer can take advantage of the chargeback features on some payment platforms to defraud his counterparty in a P2P transaction. In other words, after a P2P deal is completed, this scammer will trigger this chargeback and claim the funds to cancel or reverse the initial payment he made.

6. Wrong Transfer Scams

Sometimes, after a P2P transaction is completed, a scammer may pull off an attempt to void the transaction.

Source: https://www.binance.com/en/blog/p2p/6-bitcoin-scams-to-avoid-when-using-p2p-421499824684902267
11 Tips to Protect Yourself From Scammers

Tip 1: Use trusted platforms with KYC
Tip 2: Use a unique email and password for your P2P account
Tip 3: Do not share your sensitive data
Tip 4: Regularly check Haveibeenpwned.com for potential leaks
Tip 5: Don’t trade outside of the P2P platforms
Tip 6: Bookmark the P2P website
Tip 7: If a trade sounds too good to be true, it probably is.
Tip 8: Trade with verified merchants
Tip 9: Trade with users who have positive feedback and high completion rates
Tip 10: Cancel the trade if you think that the trade counterparty is a scammer
Tip 11: Make sure the merchant details matchSource: https://www.binance.com/en/blog/all/binance-p2p-11-tips-to-protect-yourself-from-scammers-421499824684901646
The guidelines or reminders made by this article are pretty good for all users of cryptocurrency who are doing trading activities in this industry. If you have any other additional reminders for anyone who is concerned, please feel free to post them here in this thread section for more information on each one.

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[boyptc]

Don't forget to include the popular giveaway scam. The one that's not only popular in different social medias but also nin various messaging channels.

The scam goes with, they'll say that "if you send this xx money, you'll receive back more xx money as giveaway into your address."

[cryptoaddictchie]

Seriously has anyone fall or experience to romance scam situation? I think this is a bit of effort if someone trys to let them or make them fall in love and the goal was simply to knock out some of your funds by stealing or hacking.

The scam goes with, they'll say that "if you send this xx money, you'll receive back more xx money as giveaway into your address."

This I think the most common one and probably the easiest to get remembered on.

[boyptc]

The scam goes with, they'll say that "if you send this xx money, you'll receive back more xx money as giveaway into your address."

This I think the most common one and probably the easiest to get remembered on.

Yup and I don't see it on his list and that's why it's the first thing that has popped to my mind when I've seen all of these schemes that he has listed.

Seriously has anyone fall or experience to romance scam situation?

I've seen just this year that there were several old folks that have fell for it. It's a sad truth but even there are a lot of people who are aware of this scam.

There goes those people that still fall for it.

[Franctoshi]

I have encountered two types of scams in trading with P2P in Binance.

1. One was with Bitcoin and the other was with USDT , the senario was when I wanted to liquidity some of my Bitcoin for fiat , I placed an order to sell, then when I proceed to input my bank details, I discovered that the amount to be received is different from the initial price when I placed the order, Therefore I went back to actually verify the price of Bitcoin again and I realized that there was some kind of cheat in the system with that order and I immediately reported the scamer.
 
I could have lost hundreds of thousands in my local fiat currency to this scammer as a result of this, if I had not being that observant.
Therefore People should be very careful when trading on P2P because you barely notice it, especially with Bitcoin.

[EarnOnVictor]

Kudos to you for this reminder! Many might not appreciate it but I do, and it would go a long way in reminding people or even educating the newbies about the susceptibility of the internet and their crypto assets.

I was a victim some years ago, if I had read a thing like this, perhaps it would have helped me to decide better then. And more reason why I appreciate this is that recently, just last month, my gut feeling pushed me to open a third-party link which is against my usual practice. But thank God it's not harmful.

This reminder boosts my ability to resist such temptation. We are all human beings and our weaknesses could strike at any time.

[posi]

4. Fake Receipt Scams 

When doing P2P transactions online, it’s important to closely check the information being sent to you by your counterparty.

I encountered this situation right on Binance, the buyer didn't transfer the money but then sent me the receipt meanwhile I check many times my bank account balance remains unchanged. The buyer kept urging me to click confirm but my account remained blank and I ignored him, I filed a complaint shortly after.
These forms of fraud are not too difficult to recognize, as long as we are careful, we will immediately detect them. Just complain and report to support, binance will solve it satisfactorily for us.

The scam goes with, they'll say that "if you send this xx money, you'll receive back more xx money as giveaway into your address."

This I think the most common one and probably the easiest to get remembered on.

Yup and I don't see it on his list and that's why it's the first thing that has popped to my mind when I've seen all of these schemes that he has listed.

If you read his post carefully, you can see that he is referring to scams in P2P trading and not the crypto market in general. If we talk about scams in the market, there are hundreds of types of scams that we will never list them all.

[Hamza2424]

Seriously has anyone fallen or experienced to romance scam situation? edited

haha, that sounds really weird but you can expect 5% of the total can be in such types of scams. 5% I think its a major number also let's reduce it to 2.5% as it sounds weird and similar to the situation.

6 Bitcoin Scams To Avoid When Using P2P

Ohh dear, anyways finally I can see some interesting threads in the trading discussion haha as a maximum of the threads are repetitive and that is something new thanks for compiling this post. The feedback is also interesting especially the on i have quoted is one of the best.

[cozytrade]

Seriously has anyone fall or experience to romance scam situation? I think this is a bit of effort if someone trys to let them or make them fall in love and the goal was simply to knock out some of your funds by stealing or hacking.

The scam goes with, they'll say that "if you send this xx money, you'll receive back more xx money as giveaway into your address."

This I think the most common one and probably the easiest to get remembered on.

Know someone who fall for a scam when scammer swear by the name of god. This can not be called a romance one but it can be called faith scam i think. Victim was a religious person so he believed scammers promises when he swear by the name of the god that he will not scam him. Anyone else face something like this. I do not know but this is strange that how people can be that much emotional when doing business.

[Lanatsa]

Fake Receipt Scams

I've been victimized with this after all the years i've been using up Binance p2p which i did end up on getting scammed by a merchant when i had sell my Btc.
Converting it to fiat, then i did able to release those funds without even confirming that the funds were sent through my account.
On that time, thats my first time on being too confident that the funds were pushed through but on the time i had checked it out, then there were no funds being sent.
So this is why its always been suggestable to double or triple check if the funds were arrived.

[el kaka22]

It’s clear that if you are dealing with P2P trades there is already a problem. I do not remember many times in my life when I sent someone money just directly, it is very unlikely that I will do that too. Yes, there were a few times when I did it with small amounts, like 20-30 dollars or so but that really doesn't bother too many people in a world where billions are scammed each year.

So, maybe fix the problem from the bottom and just do not give people your money directly? If you do not do that, if you don't deal p2p, then it means you can't be scammed, it’s a guaranteed solution for what you have and it will definitely help you in the long run.

[Strongkored]

Don't forget to include the popular giveaway scam. The one that's not only popular in different social medias but also nin various messaging channels.

The scam goes with, they'll say that "if you send this xx money, you'll receive back more xx money as giveaway into your address."

This giveaway scam was very popular a few years ago, can anyone still be fooled by this giveaway model? why is it so easy for people to trust a system like this that someone will give money if he sends coins first.

Never had a P2P transaction through Binance, and this was totally new to me, the lesson is that scammers will always be everywhere always trying to take advantage of people who aren't careful and easily trust others from internet.

[sheenshane]

Bitcoin Scams To Avoid When Using P2P

Tips to Protect Yourself From Scammers

I fixed the title for you.
There are too many of them to count not only 6 to avoid scams and not only 11 tips to protect yourself from these possible scams.  If you noticed, scammers always find a new way to scam naive or innocent people because they're very easy to fool.  Scammers nowadays always level up their skills in scamming people.

The simplest way to protect yourself is to use your "COMMON SENSE".  Yet it's very simple but it's a very effective way to protect yourself against fraudsters.

[GreatArkansas]

1. Romance Scams 

The first of the three man-in-the-middle (MITM) scam scenarios we will feature, a romance scam preys on your emotions to distract
you from a scammer’s true, nefarious motive.

(.....)

There are also some cases where scammers that something like this, where there is a middleman involved. On some social media or forum, there are some peer-to-peer transactions like buying/selling. Since middleman there is also got an account and these scammer will create a dummy or poser account to copy the real or legit middleman and there you go. If you don't verify carefuly here, you will fall.

[boyptc]

Yup and I don't see it on his list and that's why it's the first thing that has popped to my mind when I've seen all of these schemes that he has listed.

If you read his post carefully, you can see that he is referring to scams in P2P trading and not the crypto market in general. If we talk about scams in the market, there are hundreds of types of scams that we will never list them all.

That makes sense but it's also a good to remind people about this scam as its interaction is also peer to peer.

Don't forget to include the popular giveaway scam. The one that's not only popular in different social medias but also nin various messaging channels.

The scam goes with, they'll say that "if you send this xx money, you'll receive back more xx money as giveaway into your address."

This giveaway scam was very popular a few years ago, can anyone still be fooled by this giveaway model? why is it so easy for people to trust a system like this that someone will give money if he sends coins first.

Never had a P2P transaction through Binance, and this was totally new to me, the lesson is that scammers will always be everywhere always trying to take advantage of people who aren't careful and easily trust others from internet.

Sadly, yes!

There are still people that can be scammed by that. Remember the fluctuation of newbies coming in to the market is a lot last year and you can see that there have been victims of it for the last bull run.

And there will still be those that will be new victims because that's how they're doing it, to trick the newbies and not the old ones.

[joniboini]

Since middleman there is also got an account and these scammer will create a dummy or poser account to copy the real or legit middleman and there you go. If you don't verify carefuly here, you will fall.

You mean impersonator? I think it's quite different from what has been described as a romance scam, if I understood it correctly. Don't know why it is listed as a man in the middle though. Impersonating a famous person is not new, I think this can be listed is a new category that is quite popular among scammers.

[Potato Chips]

Tip 1: Use trusted platforms with KYC

This doesn't mean much and scammers can use fake/stolen documents. Thousands of users have been using no kyc exchanges and they have been fine. Since you got the tips from a centralized exchange with mandatory KYC, my guess is it's their attempt at making verification palatable lol.

[gabbie2010]

1. Romance Scams 

The first of the three man-in-the-middle (MITM) scam scenarios we will feature, a romance scam preys on your emotions to distract
you from a scammer’s true, nefarious motive.

(.....)

There are also some cases where scammers that something like this, where there is a middleman involved. On some social media or forum, there are some peer-to-peer transactions like buying/selling. Since middleman there is also got an account and these scammer will create a dummy or poser account to copy the real or legit middleman and there you go. If you don't verify carefuly here, you will fall.

Honestly I once fell for this trap of the middleman being used as an escrow in a fake Binance P2P telegram coordinated by ring of scammers then I was a newbie, those scammers work hand in hand to scam unsuspecting crypto buyers or sellers once they suceeded in their fraudulent act they block the buyer or seller without any trace, of course they played their trick in subtle way in such a way that a newbie will also fall for their scam by a way of selling or buying cryptos in a cheap price for buyers and high price for sellers, the OP revealed some salient points in avoiding such scammers.

[doomloop]

There are also some cases where scammers that something like this, where there is a middleman involved. On some social media or forum, there are some peer-to-peer transactions like buying/selling. Since middleman there is also got an account and these scammer will create a dummy or poser account to copy the real or legit middleman and there you go. If you don't verify carefuly here, you will fall.

Scammers are so smart that they can think of different ways to attack their victims and one of it is through emotions but this is true. Our emotions are so powerful. It can make or break us and even in trading and investing, we are also advised to not be too emotional if we want to be successful.

Anyway, a p2p platform should put an indication for the real middle man like having a little check mark beside their names or profile picture. Same on what we see on social media sites but this shouldn't be limited to this. They need to add more like adding a score/star and feedback rating. I guess that shouldn't be tampered easily compared to the first one that I suggested earlier.

[yhiaali3]

The most important thing for P2P trading is to use trusted platforms like Binance, but even in this case some mistakes happen that cause big losses, there was an incident that happened to a friend when he wanted to sell about $7,000 Bitcoin for a bank transfer on Binance using P2P, after agreeing to The transaction is him and the other person. My friend transferred the amount through Binance, but by urgency or error he pressed the button to complete the transaction before he got $ 7000 from the buyer. Of course, in this case, the Bitcoin is automatically transferred to the other party, the other person took 7000 $ without paying the money and when my friend called the support they told him it was their fault and they can't get a refund.
Of course, this is not Binance's mistake, but these mistakes can happen and you should pay attention and deal with caution when doing such trades.

[stompix]

Seriously has anyone fall or experience to romance scam situation? I think this is a bit of effort if someone trys to let them or make them fall in love and the goal was simply to knock out some of your funds by stealing or hacking.

There are thousands of cases happening!
First, remember that this is a thing some will want to keep quiet about, it's one way to come out and ask advice if a shop has not delivered some miners if your wallet is hacked, and a totally different thing to tell strangers that you met a girl on the net and you've trusted her with money while your main purpose...we all know what that was.
Men won't like to talk about it and married men definitely do not.
That being said:

https://bitcointalk.org/index.php?topic=5307064
https://bitcointalk.org/index.php?topic=5282182
https://bitcointalk.org/index.php?topic=5301385

Tinder as usual. I have around 190K USDT and they are not allowing me to withdraw. They blocked my wallet.

I started chating with a girl from Tinder that the conversation lead to her bussines wich is a investor.

and so on!

And, if you're curious about extreme cases:
Ex-Italian Volleyball Player 'Dated' Model for 15 Years. Turns Out He Was Scammed

[Peanutswar]

That's the reason why i didn't use too many alternatives in making transactions as long as it will direct to my wallet even though the free is quite high it is just okay because I know to my self it will direct easily to my funds without hassle getting down to the transaction even in the finance I do not fan with their p2p transaction even though the other party is verified and once they know you want to sell or buy a higher assets still just the binance can lock the account but no assurance with your funds.

[cryptoaddictchie]

Men won't like to talk about it and married men definitely do not.

Thats the thing. Most of the scammed people are the one who are married or in a relationship and trying to date an online girl whom are beautiful and probably sexy. So I think its better not to find a fling that probably met online cause iy would result to a tragedy like the one you sent.

[palle11]

6 Bitcoin Scams To Avoid When Using P2P

1. Romance Scams  

The first of the three man-in-the-middle (MITM) scam scenarios we will feature, a romance scam preys on your emotions to distract
you from a scammer’s true, nefarious motive.

This is true and many men seeking for fun fall for this move. Scammers can update very seductive and suggestive dress on their profile like telegram, Facebook, Snapchat and the suspecting client will be after what they see and start having trust because they feel the lady can fall and visit them for a good time. This is a very popular way that many investors can be scammed when they want to sell their coin. Is better that we expose this here. Most profile you see with seductive and nude pictures are signs you have to be careful while dealing with such accounts.

[RockBell]

Where there is money, scams are never far behind. Despite the warnings, people continue to become victims and fall into the hands of those predictors. A common scam I've seen is about investments, where the con artists share links and proof to persuade their victims to invest in some project they have invested in just to convince their victims. I've seen this in telegram. Most of them will pose as women and pretend to be supported by an exchange before asking for money to fix their problem.

[Findingnemo]

I would like to add one more important point which is basically most amateur p2p traders forget while using LBC or other p2p platforms.

Avoid accepting third party payments

This is mainly because mostly traders who stole bank accounts and buy Bitcoin from you and there will be no problem for months suddenly your bank account might be frozen or there will be a legal notice or something can cause you huge loss.

[Hamphser]

I would like to add one more important point which is basically most amateur p2p traders forget while using LBC or other p2p platforms.

Avoid accepting third party payments

This is mainly because mostly traders who stole bank accounts and buy Bitcoin from you and there will be no problem for months suddenly your bank account might be frozen or there will be a legal notice or something can cause you huge loss.

I might havent able to experience it but there is a friend of mine did really end up for his bank account been frozen and made out some investigations in related into this transactions which i do agree into this

suggesting on adding up it up about accepting third party payments.Also same goes with those p2p transactions which funds should really be verified first if they had credit out on your account before releasing the
assets. There's so much ways for scammers and fraudsters on fooling up people just to take advantage or stole up their money.This is why we should really bare up in mind on how we should really make these
precautionary measures for us to save our own asses on possible situations. Dont make yourself that too confident that you wont get scammed nor being attempted out on doing so.
Use common sense and awareness from time to time.

[el kaka22]

It is obviously a common thing not just in t crypto world, but in all of the world as well. Not only people will try to gain your love just to get your money, but there are literally couples where one marries the other just for the money as well. This is usually common for young girls marrying old guys, just for the money. In that situation it is not really a scam, they are really married, but is it really a marriage? Or a transaction, a long term escort deal basically.

All in all I would say that if you have money, just shut up about it and don't do anything and just put that into some interest (could be staking ) and just live your life in a quite way. I would do that, wouldn't change much in my life, and hide my name as much as possible, literally would change my nation if I have to.

[lalabotax]

Tip 1: Use trusted platforms with KYC

This is dilemma for doing the KYC, but if this is for P2P, I think that this is very important to do because the platform is commonly safer than those that have not reputational and also has more security. The scams and frauds about Bitcoin are ever ended, we can find them in any place, including scam by the YouTuber, influencers, and many others. Hee, we can really earn that none is trustable in the crypto world, and we may not trust them 100%, itis better to stay careful and aware of any condition that may happen to us.
This thread really reminds us that sometimes, scams may be around us and we are not aware f this.

[Baofeng]

The most important thing for P2P trading is to use trusted platforms like Binance, but even in this case some mistakes happen that cause big losses, there was an incident that happened to a friend when he wanted to sell about $7,000 Bitcoin for a bank transfer on Binance using P2P, after agreeing to The transaction is him and the other person. My friend transferred the amount through Binance, but by urgency or error he pressed the button to complete the transaction before he got $ 7000 from the buyer. Of course, in this case, the Bitcoin is automatically transferred to the other party, the other person took 7000 $ without paying the money and when my friend called the support they told him it was their fault and they can't get a refund.
Of course, this is not Binance's mistake, but these mistakes can happen and you should pay attention and deal with caution when doing such trades.

There is no problem with p2p  though, even if you trade in a trusted exchange such as Binance, there will be scammers everywhere. So it's really best to check everything first about the person that you are going to trade with, check his history and the feedback.

And again if he says that he has paid you, check your wallet if the money went it, just don't rely on sms or from his word. And double check if the money that went in is the amount that you have agreed upon before you released your crypto. I have heard horror stories from some of my friends that have been scammed even in Binance P2P.

[Oceat]

Where there is money, scams are never far behind. Despite the warnings, people continue to become victims and fall into the hands of those predictors. A common scam I've seen is about investments, where the con artists share links and proof to persuade their victims to invest in some project they have invested in just to convince their victims. I've seen this in telegram. Most of them will pose as women and pretend to be supported by an exchange before asking for money to fix their problem.

It takes some experience to notice if someone is trying to scam you despite of the deal they offer. Most often times common sense won't hit before you notice there's something wrong with the offer/transaction that's why newbies will always be the first victim who doesn't have some knowledge or experience.

Scammers are everywhere even if you say they were legit but if they knew you were lacking some knowledge they will try to take advantage of that. Choose someone who you can trust that you don't doubt would do something like scamming but be always wary even if you trust them we never know people will always change no matter what.

[kamvreto]

I've experienced almost all of the types of scams the OP mentioned and not just once, but many times. Scammers keep sending private messages on my social media like Twitter, Telegram (very often), and in email. All private messages were sent inviting them to invest with huge profits, asking for withdrawal assistance on their own website, and most recently sent an email that I got some BTC that I had to claim by directing me to a phishing website.

That is the type of scammer trap that certainly needs to be avoided. At first, I didn't realize they were scammers, but after receiving frequent messages from strangers with sexy photos or men in suits like Big Boss, I started to notice that they were just trying to frame me.
Must be more vigilant and not respond to incoming messages from strangers, let alone invite or give discounts that are not going into a project or a big reward for a favor. be aware and believe that scammers are constantly evolving and have new methods.

[gunhell16]

I've experienced almost all of the types of scams the OP mentioned and not just once, but many times. Scammers keep sending private messages on my social media like Twitter, Telegram (very often), and in email. All private messages were sent inviting them to invest with huge profits, asking for withdrawal assistance on their own website, and most recently sent an email that I got some BTC that I had to claim by directing me to a phishing website.

That is the type of scammer trap that certainly needs to be avoided. At first, I didn't realize they were scammers, but after receiving frequent messages from strangers with sexy photos or men in suits like Big Boss, I started to notice that they were just trying to frame me.
Must be more vigilant and not respond to incoming messages from strangers, let alone invite or give discounts that are not going into a project or a big reward for a favor. be aware and believe that scammers are constantly evolving and have new methods.

Scammers are really bad these days, even until now the methods you mentioned by scammers continue to be used as a trap for people who don't know about these styles of exploitative people.

That's why those who know are really better than those who don't know, it can't be denied that hackers or scammers are really smart in this age, if they are smart (Scammers) we should triple our intelligence.

[Findingnemo]

I would like to add one more important point which is basically most amateur p2p traders forget while using LBC or other p2p platforms.

Avoid accepting third party payments

This is mainly because mostly traders who stole bank accounts and buy Bitcoin from you and there will be no problem for months suddenly your bank account might be frozen or there will be a legal notice or something can cause you huge loss.

I might havent able to experience it but there is a friend of mine did really end up for his bank account been frozen and made out some investigations in related into this transactions which i do agree into this

suggesting on adding up it up about accepting third party payments.Also same goes with those p2p transactions which funds should really be verified first if they had credit out on your account before releasing the
assets. There's so much ways for scammers and fraudsters on fooling up people just to take advantage or stole up their money.This is why we should really bare up in mind on how we should really make these
precautionary measures for us to save our own asses on possible situations. Dont make yourself that too confident that you wont get scammed nor being attempted out on doing so.
Use common sense and awareness from time to time.

Personally I had such issues while doing a trade with someone on LBC even the scammer managed to provide the national ID that is why I decided to go on for the trade but after a while I noticed funds on stuck and received call from bank officials so I simply returned the money to whatever account I received and reported the scammer to support and in the end scammer stuck with a chunk of BTC and will be on hold forever.

[Kelvinid]

Tip 1: Use trusted platforms with KYC

this is really what we need to do. Many platforms have been popped out and most of them are scams or fake accounts.
 - never rely on feedback as sometimes it was also manipulated
 - do what is recommended by most
 - trust only the person we know in real life, not strangers

KYC is optional but of course, if that is certainly needed knowing that the said platform can be trusted.

[Fatunad]

Tip 1: Use trusted platforms with KYC

this is really what we need to do. Many platforms have been popped out and most of them are scams or fake accounts.
 - never rely on feedback as sometimes it was also manipulated
 - do what is recommended by most
 - trust only the person we know in real life, not strangers

KYC is optional but of course, if that is certainly needed knowing that the said platform can be trusted.

Having KYC doesnt automatically means that they are legit considering that there are scam platforms who could ask out for that kind of verification and just simply shut off and closed their doors.
There are still several factors which you do really need to see and confirm that you are dealing with the right service or platform.You cant really be just going for single identification and always
be finding out ways on how to determine and verifying that you are dealing with the right thing. Be just having the common sense and be that realistic when it comes to that
on where you could really potentially able to avoid things if you are that fully aware.

[tygeade]

Personally I had such issues while doing a trade with someone on LBC even the scammer managed to provide the national ID that is why I decided to go on for the trade but after a while I noticed funds on stuck and received call from bank officials so I simply returned the money to whatever account I received and reported the scammer to support and in the end scammer stuck with a chunk of BTC and will be on hold forever.

They are really good at what they do and that is why they are capable of scamming so many people so easily. If they really want to scam, and they are facing with people who are asking them the same questions all the time that means they are going to end up with something to convince those people eventually.

So, if many people asked for ID then they would find an ID eventually to convince new people. That’s the type of situation we are in and I do not think that scammers will give up, they will continue to try to convince others for sure. That’s just the regular part of life now, you just learn to be better and better and not get scammed eventually, or give up the p2p completely.

[Adbitco]

Seriously has anyone fall or experience to romance scam situation? I think this is a bit of effort if someone trys to let them or make them fall in love and the goal was simply to knock out some of your funds by stealing or hacking.

The scam goes with, they'll say that "if you send this xx money, you'll receive back more xx money as giveaway into your address."

This I think the most common one and probably the easiest to get remembered on.

I have, this was my early stage on this forum and i have not know my left and right over here and i was eagerly ready to make gain or make money from this platform so was looking for the smart and simple way to earn money through bitcoin and that of any of the well recognized currencies. This also made me to go borrow to invest and gain it within 2hrs of my investment at then it shows how naive i was and today i don't even give any listening ears to any messages that relates with investment or trading xxx brokers because experience is the best teacher.
Sometimes i do feels for newbies, if then i could get scammed for lack of knowledge what then happened with newbie of today, and the most funniest thing now is they are always impatient.

[Issa56]

There is no problem with p2p  though, even if you trade in a trusted exchange such as Binance, there will be scammers everywhere. So it's really best to check everything first about the person that you are going to trade with, check his history and the feedback.

Scammers are everywhere, no place is safe in crypto space and nobody should be trusted, people think binance is a safe place to trade, but don't be surprised if I tell you their are lot's of scammers on binance P2P, have been using binance P2P for few year's now and some trader's on P2P already made some attempt to scam me, so we have to be very careful when using binance P2P.

And again if he says that he has paid you, check your wallet if the money went it, just don't rely on sms or from his word. And double check if the money that went in is the amount that you have agreed upon before you released your crypto. I have heard horror stories from some of my friends that have been scammed even in Binance P2P.

Whenever am using P2P and am selling coin to users, I always make sure I check the amount I receive if it's correct with the amount am suppose to receive before releasing coin.

Most of P2P traders on binance always request for mobile number if you want to transact with them, make sure you don't give them the number which you use in receiving alerts, or make sure you check your mobile app before releasing your coin to confirm the P2P trader really send the money, they can send you fake alert if they are having your mobile number, which some people wont care to confirm. Immediately they receive alert they will release coin which Is completely wrong, try and make verification before releasing coin, we all have to be smart, scammers are on binance P2P.

[Mr.right85]

6 Bitcoin Scams To Avoid When Using P2P

5. Chargeback Scams 

Sometimes, a scammer can take advantage of the chargeback features on some payment platforms to defraud his counterparty in a P2P transaction. In other words, after a P2P deal is completed, this scammer will trigger this chargeback and claim the funds to cancel or reverse the initial payment he made.

6. Wrong Transfer Scams

Sometimes, after a P2P transaction is completed, a scammer may pull off an attempt to void the transaction.

Am still trying to wrap my head about the dynamics as to how number 5 above actually works but at the number 6 right there, is that even possible?

Like, it's entirely protocol for a bank not to interfere with another users account especially, when it is of a different bank. Yeah, when it's between different banking institutions, I entirely impossible as all they could do is to send send mail to the third party bank and the account owner would be consulted and maybe have the account frozen during the process.

This might be different when it is the same bank but, that too shouldn't be done without consultation. This would be difficult to pull off.

[Silberman]

Seriously has anyone fall or experience to romance scam situation? I think this is a bit of effort if someone trys to let them or make them fall in love and the goal was simply to knock out some of your funds by stealing or hacking.

I do not remember seeing this in this market however it is a very common scam with fiat when it comes to long distance romance, they will not ask money upfront instead what the scammer does is that they claim that a family member is sick and that they have to buy a medicine that is only available on their country and they want to know if you can support them, now the amount they ask could be relatively small for us but for the scammers which can do this over and over again it can be more than enough to get them to live a comfortable life in the country where they live.

[wiss19]

Unfortunately, these days you don't even need to have anything like p2p to scam people. You could have a website that is looking "legit" but in reality, would be a ponzi scheme.

Most commonly, for many years people put their money into many exchanges, and exchanges didn't protect themselves carefully and got "hacked", we can't really know if they were hacked or they just stole our money but the result were the same.

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

[kamvreto]

Unfortunately, these days you don't even need to have anything like p2p to scam people. You could have a website that is looking "legit" but in reality, would be a ponzi scheme.

Most commonly, for many years people put their money into many exchanges, and exchanges didn't protect themselves carefully and got "hacked", we can't really know if they were hacked or they just stole our money but the result were the same.

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

Exchanges claiming to be hacked are just an excuse to take all the assets of their users. Just look at the several incidents that stated the exchange was hacked without any solution to restore the user's assets in total. and There are also cases of exchange founders who faked their deaths and made off with a lot of money so easily. Exchange is currently not safe anymore, many cases have occurred so users are also worried and don't want to put all their money in.

It's a profitable business for exchange founders. declared the exchange hacked, bankrupt and other things, and the case closed. it's so scary. This is the genius of a big scam, a big scam for which it is not clear whether the founder will be punished and compensated or not.

[blockman]

Unfortunately, these days you don't even need to have anything like p2p to scam people. You could have a website that is looking "legit" but in reality, would be a ponzi scheme.

Most commonly, for many years people put their money into many exchanges, and exchanges didn't protect themselves carefully and got "hacked", we can't really know if they were hacked or they just stole our money but the result were the same.

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

That's another type of scam and people who are still not aware of the existence of another type of scam, they're the ones likely that will be a victim of those types of scams.
Someone who's looking legitimate into how professional the website looks like, they're also using that tactic because it can easily prey on people that have no idea about the style.
Note, it's not limited to crypto but also in banking and other financial services that requires a website access.

[Hamphser]

Unfortunately, these days you don't even need to have anything like p2p to scam people. You could have a website that is looking "legit" but in reality, would be a ponzi scheme.

Most commonly, for many years people put their money into many exchanges, and exchanges didn't protect themselves carefully and got "hacked", we can't really know if they were hacked or they just stole our money but the result were the same.

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

That's another type of scam and people who are still not aware of the existence of another type of scam, they're the ones likely that will be a victim of those types of scams.
Someone who's looking legitimate into how professional the website looks like, they're also using that tactic because it can easily prey on people that have no idea about the style.
Note, it's not limited to crypto but also in banking and other financial services that requires a website access.

We should really be careful on things that is around on which there are lots of methods on which these fraudsters do really tend to hook up people on such scam even though it is way to obvious on some
eyes but most of the time which people do really still ending up on falling and get victimized.We could eventually avoid these things on reading up on others experiences and other real time engagement.
Its  understandable that being a newbie does really have that kind of lacking of knowledge and awareness around but reading up on others experiences would really be giving you out some
hint or idea which you could really make use for you to make yourself that prepared. Hacking,scamming,exploits,illegal means is really very common on this space.
It isnt different on things that we've been dealing on those typical things before crypto.Be careful as much as you could!

[Silberman]

Unfortunately, these days you don't even need to have anything like p2p to scam people. You could have a website that is looking "legit" but in reality, would be a ponzi scheme.

Most commonly, for many years people put their money into many exchanges, and exchanges didn't protect themselves carefully and got "hacked", we can't really know if they were hacked or they just stole our money but the result were the same.

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

Exchanges claiming to be hacked are just an excuse to take all the assets of their users. Just look at the several incidents that stated the exchange was hacked without any solution to restore the user's assets in total. and There are also cases of exchange founders who faked their deaths and made off with a lot of money so easily. Exchange is currently not safe anymore, many cases have occurred so users are also worried and don't want to put all their money in.

It's a profitable business for exchange founders. declared the exchange hacked, bankrupt and other things, and the case closed. it's so scary. This is the genius of a big scam, a big scam for which it is not clear whether the founder will be punished and compensated or not.

It is obvious a great deal of exchanges when they realize their time is up  come up with the excuse of being hacked to steal whatever money is left at the exchange, and there is still a lot of people which believe that excuse, and the ones which do not believe it like us are most likely people that do not use exchanges anyway so we were never at risk of losing a single dollar, still I hope people learn from this and never trust in exchanges ever again as they have shown they are not worthy of that trust.

[GeorgeJohn]

Tip 1: Use trusted platforms with KYC

This doesn't mean much and scammers can use fake/stolen documents. Thousands of users have been using no kyc exchanges and they have been fine.

Scammers using fake documents for KYC verification, i think it will bounce later irrespective how legit it's, from my observation some website doesn't accept a scan documents, that's while they do demand for the edge to verify it, the process of using fake documents for verification, they most something that will indicates the errors.

[Rengga Jati]

2. Investment Scams

If romance scams deal with emotions towards a fictitious “lover,” what drives this MITM scam scenario is an individual’s desire
to quickly profit from an investment.

Investment scam, this is very usual to happen. We cannot deny that many people, especially newbies, are trapped by this kind of scam. Newbies usually often encounter this kind of scam, even if it doesn't end. Because, many people only think of getting more money from cryptocurrency investments, faster, and want to be like everyone else when they get rich because of crypto investments. Thus, they will be easily trapped by scammers who promise high profits, even though it's just empty and fraudulent.

Use trusted platforms with KYC

This may not be a preference for some people, because they want more privacy by investing in cryptocurrency. That is why there are some different opinions about using exchanges with KYC or not. But, for me, we need to be wise and smart in choosing the platform, check for the reputation and only use top exchanges.

[Potato Chips]

Tip 1: Use trusted platforms with KYC

This doesn't mean much and scammers can use fake/stolen documents. Thousands of users have been using no kyc exchanges and they have been fine.

Scammers using fake documents for KYC verification, i think it will bounce later irrespective how legit it's, from my observation some website doesn't accept a scan documents, that's while they do demand for the edge to verify it, the process of using fake documents for verification, they most something that will indicates the errors.

With technology rapidly improving, liveness/video verification can be bypassed e.g. deep fake, etc. It doesn't help that data breaches and average people are mindlessly sharing their information online are all too common of a happening. In fact, buying and selling of fraud accounts are already in high demand in the black market, see:

“We are producing from 1,500 to 2,000 synthetic verified accounts each month,” an operator of one such service told CoinDesk in an interview via the Telegram messaging app.

[Awaklara]

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

therefore, we don't need to put much trust in any exchange platform. never put your money there, especially if you are going to leave it for a long time. scams like this are scary. but with what's been going on, it's sure to be a rewarding experience for anyone putting their money into the exchange. be more careful with the assets we have. own assets by having the keys in our hands.

[deathcode]

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

therefore, we don't need to put much trust in any exchange platform. never put your money there, especially if you are going to leave it for a long time. scams like this are scary. but with what's been going on, it's sure to be a rewarding experience for anyone putting their money into the exchange. be more careful with the assets we have. own assets by having the keys in our hands.

Yes, it's true that saving our assets on the exchange may not be wise.
Let alone putting everything on exchange for such a long time, really can't imagine how terrible it could be.
Of course there have been a lot of frauds that have occurred, even though we are always vigilant and careful and store assets in our wallet with our own key.
Even not just beginners but even advanced ones sometimes still fall into the traps of hackers.
Hackers always have many ways to try to find loopholes to steal our assets.

[Golfler]

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

therefore, we don't need to put much trust in any exchange platform. never put your money there, especially if you are going to leave it for a long time. scams like this are scary. but with what's been going on, it's sure to be a rewarding experience for anyone putting their money into the exchange. be more careful with the assets we have. own assets by having the keys in our hands.

Yes, it's true that saving our assets on the exchange may not be wise.
Let alone putting everything on exchange for such a long time, really can't imagine how terrible it could be.
Of course there have been a lot of frauds that have occurred, even though we are always vigilant and careful and store assets in our wallet with our own key.
Even not just beginners but even advanced ones sometimes still fall into the traps of hackers.
Hackers always have many ways to try to find loopholes to steal our assets.

Yes, it’s very good, the exchange’s own authority is too great, they can issue USDT by themselves, retail investors will not find out, especially contract users, they are not crushed by the market but killed by the exchange. Very dark.

[Fatunad]

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

therefore, we don't need to put much trust in any exchange platform. never put your money there, especially if you are going to leave it for a long time. scams like this are scary. but with what's been going on, it's sure to be a rewarding experience for anyone putting their money into the exchange. be more careful with the assets we have. own assets by having the keys in our hands.

Yes, it's true that saving our assets on the exchange may not be wise.
Let alone putting everything on exchange for such a long time, really can't imagine how terrible it could be.
Of course there have been a lot of frauds that have occurred, even though we are always vigilant and careful and store assets in our wallet with our own key.
Even not just beginners but even advanced ones sometimes still fall into the traps of hackers.
Hackers always have many ways to try to find loopholes to steal our assets.

But differentiating newbies to veteran ones when it comes to awareness and steps been made then it would really be that noticeable.Its true though that there's no such thing about 100% safe
but having that awareness then you are more that aware on how to deal up with these things along the way.Some might really be able to end up as a mistake but most of the time
you would be able to avoid such risks considering that you are really that fully aware on whats happening around.
Always be vigilant with your crypto assets, and you should really make sure on making use of your common sense.

[Silberman]

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

therefore, we don't need to put much trust in any exchange platform. never put your money there, especially if you are going to leave it for a long time. scams like this are scary. but with what's been going on, it's sure to be a rewarding experience for anyone putting their money into the exchange. be more careful with the assets we have. own assets by having the keys in our hands.

All the people that joins the markets do so with only one idea in mind, and that is to make money, however they need to understand that before they make any money they need to protect the money they already have, it is kind of contradictory because we need to put our money at risk if we want to earn money in the markets, but we need to learn to recognize if the risk we are taking is comparable with the profits we expect to get, and once we begin to take this into account we can clearly see that a great deal of the scams we can find on this market do not pass such a small exercise.

[ShowOff]

All the people that joins the markets do so with only one idea in mind, and that is to make money, however they need to understand that before they make any money they need to protect the money they already have, it is kind of contradictory because we need to put our money at risk if we want to earn money in the markets, but we need to learn to recognize if the risk we are taking is comparable with the profits we expect to get, and once we begin to take this into account we can clearly see that a great deal of the scams we can find on this market do not pass such a small exercise.

Of course, things like this need to be considered carefully by everyone before they plan the results of long-term investments. Money isn't made easily in the market, many things have to influence it and their investment safety advice is even one of the most important things said all the time.

Regardless of the value of our investment, no matter how good our future plans are, and no matter how good the analysis we make, if we never pay attention to risks including security risks then I don't think we will be able to enjoy the results. The important lesson today is, don't keep your funds in the stock market for long-term investments.

[LUCKMCFLY]

There is something that I would like to emphasize, because where I live they have done it and continue to do it a lot, it is the pyramid or ponzi schemes, it is incredible, but many people continue to believe in that, many more people also continue to fall, they have the false belief that if they enter first, they will never lack money, and it could be that way at first, but later it is impossible for a pyramid to be sustained, it is something like what happened with the NFT games, which in the end they managed most of it being a scam, I think that is what people are currently experiencing and they continue to fall, they say deposit 3usd in Bitcoin and after 3 weeks they will receive 300usd.

[_BlackStar]

-snip-
they say deposit 3usd in Bitcoin and after 3 weeks they will receive 300usd.

That is one strong piece of evidence to say they are a ponzi scheme especially if the platform promises ridiculous returns. Bitcoin has never promised returns to its investors and traders, so any one of them promises returns within certain timeframe, then believe it is a ponzi scheme. They should avoid it as much as possible, they should care about money.

[LUCKMCFLY]

Seriously has anyone fall or experience to romance scam situation? I think this is a bit of effort if someone trys to let them or make them fall in love and the goal was simply to knock out some of your funds by stealing or hacking.

I do not remember seeing this in this market however it is a very common scam with fiat when it comes to long distance romance, they will not ask money upfront instead what the scammer does is that they claim that a family member is sick and that they have to buy a medicine that is only available on their country and they want to know if you can support them, now the amount they ask could be relatively small for us but for the scammers which can do this over and over again it can be more than enough to get them to live a comfortable life in the country where they live.

Well this is something that I think is very common today, there are many people who have needs and it is very easy for them to cheat through romantic things or falling in love, now there are things that are very easy if people want to spend money, like onlyu fans, who It is not focused on a scam, but they are temporary things that people usually pay a lot, now I know a friend who when we were in the u, he fell in love with a Russian, and supposedly he was going to come, he sent him the money and everything for his tickets and everything that had to do with bringing her, he even sold a truck for that, we played a lot of jokes on him, but in the end I know that they robbed him, they scammed him and that was something that he did not even tell us, the bullying would have been impressive.

[borovichok]

There is something that I would like to emphasize, because where I live they have done it and continue to do it a lot, it is the pyramid or ponzi schemes, it is incredible, but many people continue to believe in that, many more people also continue to fall, they have the false belief that if they enter first, they will never lack money, and it could be that way at first, but later it is impossible for a pyramid to be sustained, it is something like what happened with the NFT games, which in the end they managed most of it being a scam, I think that is what people are currently experiencing and they continue to fall, they say deposit 3usd in Bitcoin and after 3 weeks they will receive 300usd.

There are various kinds of scams in the space and it only takes an experience trader or investor to know the whole operation of the space. It's not easy to caption everything concerning the fraud operation, like the fake coins which only display glitch price compared to the main token, undesigned NFTs with no single value in the market, Ponzi scheme is the major stuff that entrapped more traders because they tend to believe that it's favorable to everyone, forgetting how the whole operation always fixed at the end.

[crzy]

-snip-
they say deposit 3usd in Bitcoin and after 3 weeks they will receive 300usd.

That is one strong piece of evidence to say they are a ponzi scheme especially if the platform promises ridiculous returns. Bitcoin has never promised returns to its investors and traders, so any one of them promises returns within certain timeframe, then believe it is a ponzi scheme. They should avoid it as much as possible, they should care about money.

New year, new ways to scam people and this has been the trend in cryptomarket.
We should know by that what’s a scam project and what is a good one. If you believe on this easily then the probability to get scammed are very high. We should always remember that there is no easy money here and everything needs to be analyzed.

[goaldigger]

-snip-
they say deposit 3usd in Bitcoin and after 3 weeks they will receive 300usd.

That is one strong piece of evidence to say they are a ponzi scheme especially if the platform promises ridiculous returns. Bitcoin has never promised returns to its investors and traders, so any one of them promises returns within certain timeframe, then believe it is a ponzi scheme. They should avoid it as much as possible, they should care about money.

New year, new ways to scam people and this has been the trend in cryptomarket.
We should know by that what’s a scam project and what is a good one. If you believe on this easily then the probability to get scammed are very high. We should always remember that there is no easy money here and everything needs to be analyzed.

Scammers wont leave the market as long as they make money here, even if we remind everyone here it looks like scammers are still getting what they want, they work with the advance technology as well and most of the scammer today looks more convincing. The best way to avoid this is to educate yourself and don’t invest right away, its also good to ask before you make any decision.

[Viscore]

Kudos to you for this reminder! Many might not appreciate it but I do, and it would go a long way in reminding people or even educating the newbies about the susceptibility of the internet and their crypto assets.

I was a victim some years ago, if I had read a thing like this, perhaps it would have helped me to decide better then. And more reason why I appreciate this is that recently, just last month, my gut feeling pushed me to open a third-party link which is against my usual practice. But thank God it's not harmful.

This reminder boosts my ability to resist such temptation. We are all human beings and our weaknesses could strike at any time.

Well appreciated it too. This is not only for newbies but eventually for all crypto lovers that have forgotten now the basics because of their greed into profits. Even myself, I would admit that I have been tempted and scammed a couple of times thinking that taking shortcuts will make you even more profitable, but its not. So always be mindful and even take things the hard way if it’s really needed.

[Nrcewker]

The golden rule for P2P deals is always use an escrow. If also possible do a video recording if you are sending money to someone and if he deny about the receiving of the money. The video will definitely help you to get the case in your favour, if you have any dispute. Moreover the OP has mentioned all good details and I am pretty sure he has done a great research on it.
Nevertheless it will help all the newbies who want to do P2P trades and control their finances independently.

[GeorgeJohn]

Scammers have a diversified method of scamming in exchange, sometimes if you are novice in some certain exchanges you will lose your coin through a scammer's who update a scam payment receipt to claim the payment of another person, so we have different kinds of scam and we have to be watchful concerning cryptocurrency scam, and secondly cryptocurrency investment scam that always take effect in the telegram social media platform and Facebook social media platform. So all these are a place whereby scammers do capture people who are curious via investment.

[sana54210]

Scammers have a diversified method of scamming in exchange, sometimes if you are novice in some certain exchanges you will lose your coin through a scammer's who update a scam payment receipt to claim the payment of another person, so we have different kinds of scam and we have to be watchful concerning cryptocurrency scam, and secondly cryptocurrency investment scam that always take effect in the telegram social media platform and Facebook social media platform. So all these are a place whereby scammers do capture people who are curious via investment.

Unfortunately there are a lot of people who will also get keylogger to their computer and that will be a similar problem actually. Well, they could make sure that whatever you copy paste becomes their address, so when you are hacked or basically in this case you have a virus, you can't just copy your own address and send money there, you paste their address when you try to.

If you are not careful, you will send money to them. I agree that social hacking is more common though, scammers make people send money to them instead, and that's a very risky and dangerous thing. Hopefully not many people would fall for it, but unfortunately many still do.

[KingsDen]

Fake Receipt Scams

I've been victimized with this after all the years i've been using up Binance p2p which i did end up on getting scammed by a merchant when i had sell my Btc.
Converting it to fiat, then i did able to release those funds without even confirming that the funds were sent through my account.
On that time, thats my first time on being too confident that the funds were pushed through but on the time i had checked it out, then there were no funds being sent.
So this is why its always been suggestable to double or triple check if the funds were arrived.

Oh no sorry about that, you don't have to be confident about anything in life even if it is emaneting from you, you still have to check and cross-check before you believe.
Sadly that is the most kind of rampart scam in the P2P platforms.
How you will understand is anyone that has the habit of pressurising you to release coin as if he is on gunpoint, be careful of that very transaction. Take your time make sure you receive your alert from your bank either as a text message of from email, then you open your app, cross check your balance and make sure that it has topped up that is how careful I used to be before I will release the coin.
Even the platforms always warn about it countlessly

[Natalim]

With the help of these new technologies, scamming can easily be made and a lot of people can be tricked as well.
A number of scams ways been exposed now and it was alarming already that no matter what we do to stop all of these things that is impossible now as they are spreading and multiplying. That is why we have to protect our own and let others protect themselves that is the only thing we can do because even though we spread information many and many people still don't listen and still fall into them.

[carlfebz2]

2. Investment Scams

Surprisingly which these things are still rampant or still existing as of today.This was a known issue or hit wayback on 2016-2018 which lots had lost their money
which i cant believe that there are still some sites which are obviously money grab which is still existing as of today which means that there are still
people who do really fall with these kind of schemes.

If you dont make yourself that fully aware of things then you would really be ending up on a disaster.Make yourself having make use
of your common sense.

[MainIbem]

Source: https://www.binance.com/en/blog/all/binance-p2p-11-tips-to-protect-yourself-from-scammers-421499824684901646

I think Binance p2p is another large place for scammers to easily scam you, earlier this year I was almost being scammed due to user clicked on paid while he hasn't sent the fund to my local account, so I waited for about 1 hour more to receive payment but nothing came to my bank, then inboxed him again asking him to make transfer to my account or otherwise I will have to report his account.
After my treat to him yet he didn't moved to make payment instead he went ahead sending me fake proof of payment receipt after I reported his account he then inbox pleading with me that it was his bad.
Lastly he sent the money before I released the assets on binance, this is where must users falls victims they should try their possible best to be smart enough otherwise scammers will merry over their funds.

[palle11]

With the help of these new technologies, scamming can easily be made and a lot of people can be tricked as well.
A number of scams ways been exposed now and it was alarming already that no matter what we do to stop all of these things that is impossible now as they are spreading and multiplying. That is why we have to protect our own and let others protect themselves that is the only thing we can do because even though we spread information many and many people still don't listen and still fall into them.

We need to keep spreading the news and information regarding scam, tendencies of scamming and the new restrategized ways that scammers implore to get money from their gullible prey because people will always fall because of greed. I see greed as one of the major reason for scammers being in the business, people come into crypto market with the mindset of making quick money and they keep falling on the trap of scammers.

[btc_angela]

Source: https://www.binance.com/en/blog/all/binance-p2p-11-tips-to-protect-yourself-from-scammers-421499824684901646

I think Binance p2p is another large place for scammers to easily scam you, earlier this year I was almost being scammed due to user clicked on paid while he hasn't sent the fund to my local account, so I waited for about 1 hour more to receive payment but nothing came to my bank, then inboxed him again asking him to make transfer to my account or otherwise I will have to report his account.
After my treat to him yet he didn't moved to make payment instead he went ahead sending me fake proof of payment receipt after I reported his account he then inbox pleading with me that it was his bad.
Lastly he sent the money before I released the assets on binance, this is where must users falls victims they should try their possible best to be smart enough otherwise scammers will merry over their funds.

Just to be clear though, it's not Binance P2P problem at all, it's the P2P in that community that is taking advantage of those newbies who just simply released their tokens without verifying it first.

And Binance is giving us warnings when we do trades there.

So just be careful the P2P on them, I have some experienced and luckily I used my common sense so I was not a victim but I heard there are quiet a few, so just be very very cautious and built a list of P2P traders that you have trades already.

[virasisog]

The guidelines or reminders made by this article are pretty good for all users of cryptocurrency who are doing trading activities in this industry. If you have any other additional reminders for anyone who is concerned, please feel free to post them here in this thread section for more information on each one

Thanks for all these reminders, Op. We can't deny the fact that scamming is still everywhere nowadays so we should be careful and skeptical. We have to be observant and don't trust people easily.
There will be testimonials and offers that are too good to be true so as much as possible, we shouldn't fall for those kind of traps. They will target those who want to get rich easily so we should have the proper mindset all the time.

[Bhig Daddy]

Well done for providing this reminder! Many people might not find it useful, but I do, and it would go a long way in teaching the general public—or even the newcomers—about the vulnerability of the internet and their crypto holdings.
If I had read something like this when I was a victim years ago, maybe I would have made a wiser choice. The fact that I recently, within the past month, felt compelled to open a third-party link against my customary habit is another reason why I love this. But praise God, it's not dangerous.
This reassurance increases my capacity to withstand such temptation. Since we are all human, our weaknesses might manifest at any time.

[martina14]

This was the first time I discovered that romance in somehow is dangerous, but the rest said mentioned is correct and
Has a point, this would really give help to the majority of the community here in this industry. Keep it up😊