Alert for those buying crypto via P2P.
If you come across an offer with a price way lower than the rest of the market, don’t think about the profit first. Think about the risk first.
A lot of new users get lured in by the attractive price without checking who’s behind the trade. Before making a purchase, I always check:
The completion rate of trades.
The number of orders the trader has executed.
How long they’ve been active.
The reviews and reputation of the user.
Another important point: never send money to an account different from the one listed in the order. If the seller asks you to switch accounts at the last minute, it’s better to cancel the trade and look for another option.
In P2P, security starts before you send the funds. A few minutes spent checking out the seller can save you a lot of headaches later.
I prefer buying from a trader with a solid track record, even if the price is a bit higher.
If you come across an offer with a price way lower than the rest of the market, don’t think about the profit first. Think about the risk first.
A lot of new users get lured in by the attractive price without checking who’s behind the trade. Before making a purchase, I always check:
The completion rate of trades.
The number of orders the trader has executed.
How long they’ve been active.
The reviews and reputation of the user.
Another important point: never send money to an account different from the one listed in the order. If the seller asks you to switch accounts at the last minute, it’s better to cancel the trade and look for another option.
In P2P, security starts before you send the funds. A few minutes spent checking out the seller can save you a lot of headaches later.
I prefer buying from a trader with a solid track record, even if the price is a bit higher.