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The Top 3 Scams to Avoid in Peer-to-Peer Trades

Online transactions have become part of our everyday life—from shopping and banking to peer-to-peer trading. While convenient, they also come with risks like fraud, identity theft, and scams. Here are 5 smart tips to help you stay protected:

1. Use a Trusted Escrow Service
An escrow platform holds the buyer's payment securely until the seller fulfills their part of the deal. This reduces the chances of getting scammed in a transaction.

2. Verify Buyer/Seller Reputation
Check reviews, ratings, and user history before transacting. If the platform has a verification badge system, prioritize verified users.

3. Avoid Sharing Personal Details
Keep sensitive information like bank PINs, passwords, and ID numbers private. Scammers often trick users into sharing these via fake profiles or phishing messages.

4. Use Strong Passwords and 2FA
Secure your accounts with complex passwords and enable two-factor authentication (2FA) where available.

5. Don’t Rush the Process
Scammers often use urgency to pressure victims. Always take your time to verify the other party and the terms of the transaction.

With these tips, you can enjoy the benefits of online transactions while minimizing risk.

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