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Author Topic: Fiat to crypto scam still existing always  (Read 201 times)
KingsDen
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March 16, 2023, 11:57:22 PM
 #21






The old-school scam never get outdated. Even if scammers are even more smarter that they devise new ways of scamming everyday. Those traditional ways of scamming still remain, but I am surprised at how people still fall for them.
Although I have been faced with such situations for many time. What the scammers do is that they always been to manipulate one's emotion before surfacing with the scam.
They would use the traditional method and they will first manipulate your emotion, if you are not strong you will fall for the scam

The best way to succeed is to treat anyone you don't know in person as a scammer until they prove otherwise to you.

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March 17, 2023, 03:35:24 AM
 #22

It's fantastic that you're releasing this information to safeguard individuals who trade fiat and crypto directly, participate in peer-to-peer transactions on decentralized exchanges, and trade fiat-to-crypto on centralized exchanges. While dealing in any form of trade, especially cryptocurrency trading, it is critical to be watchful and cautious. Scammers are always devising new methods to steal people's money, so it's critical to be aware of the risks and take the necessary safeguards.

You are correct in stating that P2P trading should not be utilized for fiat-to-crypto trade on custodial exchanges. It is critical to grasp the distinction between P2P trading and trading on centralized exchanges, as well as the hazards connected with each. The email from Huobi Global serves as a timely warning that frauds still exist in the cryptocurrency world and that it is critical to always check transactions before releasing any bitcoin from escrow. Checking your bank app or entering into your bank account via a web browser to confirm payment is a sensible method to protect yourself against scammers.

Therefore, it's critical to keep aware and educated about the dangers and opportunities connected with cryptocurrency trading, as well as to take adequate precautions to avoid scams and fraud.

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March 17, 2023, 06:54:03 PM
 #23

Scammer just keeps on thinking about ideas every now and then, and newbies and old crypto traders who are little careless sometimes fall victim of this.
When Crypto was recently Ban in my country and the rate of P2P usage increase so was scammers becoming very active, back then their most used strategy was asking there seller to release coin first before they can proceed with payment to be sure that after payment the seller won't delay the release. It's sounds silly but most newbies became victim of it especially those who are new to the crypto world and are not security conscious enough.

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March 17, 2023, 11:50:33 PM
 #24

It's fantastic that you're releasing this information to safeguard individuals who trade fiat and crypto directly, participate in peer-to-peer transactions on decentralized exchanges, and trade fiat-to-crypto on centralized exchanges. While dealing in any form of trade, especially cryptocurrency trading, it is critical to be watchful and cautious. Scammers are always devising new methods to steal people's money, so it's critical to be aware of the risks and take the necessary safeguards.
You must always be watchful when dealing with people because there are scammers everywhere who want to scam you if get any kind of chance. The email from the exchange was to aware of that kind of scam from their users, no matter how old the scamming technique is, it will work on people who are new to this space.

It is better to be cautious because scammers always do find a way to scam innocent people.
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March 18, 2023, 09:35:37 AM
 #25

A friend of mine just received a fake email that's copying Coinbase. He first did is to check his Coinbase account to verify if the email is truthful since the domain is much really likely as the official. And then he confirms that there was nothing wrong with his account and that no other information that's sent to him officially. Just as he did, when someone here receives these threatening and scaring emails from the exchanges that we use, it's better to check the actual website and your account first. And another tip is never to click those attached links that they've got because that's surely the fishiest thing that's part of this scam.

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