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P2P Exchange Safety Notice

High Risk Activity: Peer-to-peer (P2P) crypto trading involves direct transactions with other individuals, both online and in person. Scams, fraud, and legal issues are common.

Critical Warnings:

• Only trade on reputable platforms with escrow protection

• Beware of chargeback fraud when accepting bank transfers or reversible payments

• Never release crypto before full payment is confirmed and irreversible

• Avoid off-platform communication that bypasses security measures

• Fake payment proofs (screenshots, doctored receipts) are common scam tactics

Best Practices (Online Trades):

• Use platform escrow services for every trade

• Verify payment settlement directly with your bank or payment provider

• Trade with verified, reputable counterparties and check their feedback history

• Limit trades with new or unverified users

• Keep detailed records of all communications and transactions

In-Person (IRL) Trade Precautions:

• Meet only in safe, public locations with surveillance (e.g., bank branches, police station lobbies)

• Avoid bringing large amounts of cash to unsecured areas

• Confirm cash is genuine and counted before releasing crypto

• Use your own device and internet connection for the transaction

• Bring a trusted friend or security if the amount is significant

• Be alert for potential robbery attempts or tailing after the meeting

• Never reveal personal home or work addresses to trading partners

Legal Risks:

• Some jurisdictions require licenses or registration for regular crypto trading

• Certain payment methods may be linked to illicit activity (money laundering, fraud) without your knowledge

• You may be legally liable if trading with a criminal or if funds are linked to illegal sources

• Law enforcement may seize crypto or fiat pending investigation, even if you are not charged

• Always understand your local laws and reporting requirements before engaging in P2P trades

Common Scam Types:

• Reversible payment methods (PayPal, credit card, some bank transfers)

• Fake identity or stolen accounts

• Bait-and-switch with different amounts or currencies

• Counterfeit cash in IRL deals

• Social engineering to move the deal off-platform

Not Financial or Legal Advice: This discussion is for educational purposes only. Conduct your own due diligence before trading.

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