If you are in Crypto currency market than properly you might have heard about the p2p trading which is a format of the trading wire to individual scam trade. Obviously there is one buyer and another one is seller and now there are certain platforms available for these type of transactions where people can buy in silk to and even the popular and leading exchanges are also providing this functionality to help the users and it is good that they do not charge any fee for these services offering.
It sounds very easy and convenient but if you are doing it then you must be a careful because now a days a lot of scammers are trying to abuse the system and just because of their bad practices genuine users are suffering. Many time is scammers try to cheat the user and even if the transaction is completed then also sometimes they try to create banking issues for that reason they charged back the amount which turn out be hold in the bank account and sometime because of discharge back Bank also block the entire account.
Banking is a bigger challenge for cryptocurrency industry in some of the countries and because of the chargeback millions of accounts are blocked in India and now it is really tough for a lot of uses to get those account unblocked. It's not that people don't want to but actually the police department is not working in a proper way and they expect this identity to make things difficult for genuine users where the process is very much complicated and also sometime there is need for the bride even if everything is in place and if you don't do that them there are high chances that you not get success.
So what we should do as a user to avoid those problems and this is one of the most popular question now.. I would say that it is very important for us to be vigilance and careful and do not trade with anyone having negative feedback and also pray for the buyers who are on the platform for a long time and the have got genuine feedback and also they have some security deposit with the exchange. Because they have some security deposit with the exchange so if they do something wrong it will affect them as a monetary loss so there are high chances that those merchants will not do anything which will affect them.
Sometimes few scammers offer higher prices so we should not be greedy on those prices rather we should try to trade in only genuine and reputed uses who might be offering less price with that is okay because at least you can trade peacefully and you don't have to deal with unnecessary problems with your bank.
Thank you so much for stopping by and if you like my content, please vote and share your thoughts in the comments section:
10% beneficiary to Tron-fan-club