How To Avoid P2P Scams

[bitterguy28]

I don't know if you guys have seen the latest p2p scams going on especially on bybit where the vendors file appeal immediately after they claim they have sent the funds then in the end the bybit CS favors the vendor over you. The outrage this is caused is people claiming the vendors have way too much power, which I feel is true, and it's slightly the fault of the cexs

these accusations should be acknowledged by bybit because if not they are going to lose their credibility this is not good image for any platform because if it is true that they are favoring one side more than the other then it must mean that they are getting some kind of incentive from doing so otherwise they wouldn't have any other reason to favor one side over the other

In the end, it's very important to start vigilant on whatever cex you use and be cautious

if possible use escrow services to ensure that both of you will get whatever it is you both want out of the deal and always check the profile of a vendor it is better that you stick with those with many history of successful transactions already

[_act_]

If your country’s regulatory laws are strict, P2P transactions may be banned as long as they involve cryptocurrencies. The surest way to avoid fraud is to deal with trustworthy people and start with small amounts.

One thing is that government can not totally ban cryptocurrencies. The reason is because of P2P transactions. Also know that it is good to deal with trustworthy people but I do not even check the trust of people that I am using. I follow the P2P rules and no one can scam me because I do not disobey any rules. Use your own bank account. Report if it is taking too long.

[Aanuoluwatofunmi]

We we want to avoid scam that could easily got on us, then we have to know about some certain things about how we could relate with other crypto entities, its all about having the privilege to know how to check on elements that may cause for scam, such a malicious links, phishing sites and many others, we should stay away from anything we are not aware of how its been done, in other for us not to make mistakes.

[Asiska02]

I don't know if you guys have seen the latest p2p scams going on especially on bybit where the vendors file appeal immediately after they claim they have sent the funds then in the end the bybit CS favors the vendor over you. The outrage this is caused is people claiming the vendors have way too much power, which I feel is true, and it's slightly the fault of the cexs

This particular exchange Bybit have been having this issue with their customers lately and I’ve seen such reports on socials media where people complain of vendors saying they’ve paid money into the customers account which is false and demanding their coin be released for them. The Bybit customer service when reported to will claim to look into the matter and end up releasing the coins without concluding enough research to allow the customer get their money first. The one that happened recently had them called on social media and his coin was refunded within 24hours since the guy showed all the proof of what happened. The exchanges should know well those that scam their customers and claim to have paid. If same report keep coming from same vendor when customers complain, they should just flag their account because they’ll end up spoiling their reputation more and more.

[Celsius]

To transact in local currency on the current exchange, one must do p2p trading.  In this case, many people are victims of various frauds.  Releasing dollars without payment is the most common form of fraud.  But the most important issue is that when dollar transactions are to be done, transactions must be done with certainty so that no one can release the dollars without paying.  If this happens then a complaint must be filed.

[Gposas]

Yeah, I've been hearing about this P2P scam on CEX especially from Bybit. I can't imagine why users would have in mind to scam fellow users, all to tag a bad name to the exchange.
It is obvious that this P2P scam started as major exchange Binance and even Kucoin suspended their P2P deposit/withdrawal service, motivating users to fill up Bybit and other top exchanges whose P2P option is available since it is the simplest way to make deposit and withdraw funds directly to the user's bank.
Though I've never fall victim at all but I have a Friend that shared his experience of almost getting scammed from P2P, up to the level that the scammers started sending him mail with the tag of the exchange. But quite fortunate for him, he was able to spot it was a scam from the mail sent to him.
With my experience using exchanges like Gate.io, Bitget and Bybit I've never experienced something like this.
But it will be a plus if these exchanges stand strong in securing and fighting against these scams on their exchange to prevent a bad name and avoid losing users worldwide.