What could possibly go wrong with a P2P trade on a crypto exchange?

[Trush Jodie]

P2P trades are quite popular on crypto exchanges. And many crypto people are quite familiar with peer to peer trades. What are the possible things that could possibly go make a peer to peer trade on a crypto exchange to go wrong?

 

[Augusta]

There are several risks, including scams, fraudulent payments, and even legal consequences. Scammers may use fake receipts and manipulate prices to steal cryptocurrency.

 

[magnus2022]

P2P trades are quite popular on crypto exchanges. And many crypto people are quite familiar with peer to peer trades. What are the possible things that could possibly go make a peer to peer trade on a crypto exchange to go wrong?

P2P was structured in such a way that it is difficult to scam people there. The buyer must have tangible token in his exchange wallet that is higher than what he is about to receive. It is not easy to scam people on P2P.

 

[SHAHID987]

P2P trading remain very risky, when you don't have required knowledge about it. First take complete control on it then start.
I remember one horrible experience. When I was dealing with a woman to sell my dollars and get money in my easy paisa account. She told that she send money but she didn't. When I called her she showed herself very angry and started telling that you don't know how to talk with woman. Immediately release my crypto but I didn't received any money. She started saying that I will launch complain. I contacted with support they told to send screen recording of all chat. On that time I was not knowing that how to do screen recording, so literally my legs started shivering, my younger daughter taught me how to do screen recording then I did and won and got my money.
The point is to watch videos before doing it, and get complete knowledge of P2P trading.

 

[Suba]

Although P2P trading generally offers flexibility and freedom, it is often fraught with various types of fraud. P2P trading is vulnerable to various types of fraud, such as triangle fraud, fake payment proof, order cancellation, etc. Low liquidity so that large transactions cannot be made. Potential account hacking.

 

[riberet19]

P2P transactions are more prone to fraud and there are many people trying to profit from this by offering P2P exchanges to scam you, you need to use a very trustworthy platform or know who you are going to conduct the P2P exchange with.