Another User's Bank Account Frozen 😢

Regrettably, he became a victim of a P2P scam amounting to $1000 in December 2023. How did it happen? In India, crafty scammers employ phishing tactics 🎣 that make falling into their traps all too easy.

Here are some red flags to be aware of:

1️⃣ Overpriced Listings: Sellers offering cryptocurrencies at exorbitant rates, targeting inexperienced users. Be cautious of falling into the trap of 1USD = 83 INR!

2️⃣ Bogus Payments: You might receive timely payment notifications, but upon checking your bank, there's nothing! Fake payments can hit hard.

3️⃣ Invalid Transactions: Payments that disappear or result in account freezes. Be wary of third-party payment methods!

Tips for Safe Navigation:

✅ Opt for Direct Fiat Purchase!

✅ Before finalizing transactions:

1️⃣ Verify KYC status and the credibility of the seller/buyer.

2️⃣ If Completion Rate is < 98%, reconsider the transaction!

3️⃣ Review order history - more transactions typically indicate reliability.

4️⃣ Give preference to experienced traders with a proven track record in P2P trading.

Stay alert, fellow traders! Let's work together to make P2P trading safer. Spread awareness and safeguard your investments!

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