Trading directly with other users offers great freedom and flexibility, but it requires vigilance. Here are five crucial tips for staying safe:
- Verify the Trader: Always check the user's feedback score, KYC status, and trading history before initiating a transaction.
- Never Release Early: As a seller, do not release the crypto until you have independently verified that the funds are in your bank account or wallet.
- Keep Communication On-Platform: Scammers often try to move the conversation to Telegram or WhatsApp. Stay on the platform so moderators can help you if there's a dispute.
- Use the Escrow System: Escrow is designed to protect both parties. Trust the system, not the user's promises.
- Be Wary of Overpayments: If a buyer "accidentally" sends you more money and asks for a refund, it could be a chargeback scam. Always contact support.