How to Protect Yourself from P2P Transaction Scam Tricks

In the world of P2P trading (peer-to-peer), increasingly sophisticated scams are being used by fraudsters to seize users' assets. One of the most common forms today is the (Reversal Scam) – the scammer transfers valid money to your bank account to purchase cryptocurrency, then reports to the bank that the transaction is invalid or fraudulent. As a result, the bank may reverse the transaction and withdraw the transferred amount, causing you to lose both money and crypto, and you may even have your account restricted or frozen by the bank. So how can you protect yourself from this type of scam? ✅ Safety Strategy: Use a Separate Bank Account for P2P Transactions Absolutely do not use your main bank account to conduct P2P transactions. Instead, please: Open a secondary bank account, only for P2P transactions. When you receive money from the buyer, immediately transfer the money to your main bank account. Only when the money has entered the main account, you proceed to unlock and transfer crypto to the buyer. 🔒 Why is this method effective? If the buyer attempts to reverse the transaction (chargeback), your P2P account has no funds left, and the bank will not be able to retract that amount. In the event that the account is flagged or frozen by the bank, you only lose the secondary account, while the main account and primary assets remain safe. You can completely stop using the affected account, open a new account, and continue trading as usual. 🎁 Supplementary Tips: Avoid using account names that match the information of your main account. Closely monitor transfers – if you notice any unusual signs, do not disburse crypto immediately. Always keep records of transaction proof and chat history with the buyer to provide when needed for disputes. ✅ Summary P2P trading carries many risks, but if you know how to protect yourself with simple steps as mentioned above, you can trade safely and effectively. Always stay alert – protect your assets with caution. Trade smart, keep your money safe.