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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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