How to Avoid "Payment Verification" Scams When Trading P2P

In P2P transactions (Peer-to-Peer), one of the most common tricks used by scammers is “Proof of Payment Scams” (payment verification scams). This type of scam usually occurs as follows: scammers pretend to have transferred money by sending you fake “proof of payment” documents, such as screenshots of bank transactions, fake transfer receipts… After that, they will continuously pressure you to quickly verify that you have received the money and release the crypto ( cryptocurrency ) for them, even though in reality you have not received any money. If you do not check carefully and hastily trust that forged evidence, you will easily lose the crypto you are holding. How to Avoid Being Scammed by “Payment Verification”? To protect yourself when trading P2P, you should strictly adhere to the following principles:

1. Do Not Let Pressure Release Crypto Never release crypto just because the other party requests it, regardless of how much they urge, pressure, or make excuses. Only release crypto when you have verified that the funds have actually entered your bank account or electronic wallet.
2. Carefully Verify the Documents Provided by the Counterparty Do not fully trust screenshots or receipts sent by buyers. Fake documents often have unusual signs such as: spelling errors, misaligned text, jumbled fonts, incorrect dates and times, or mismatched small details. Take the time to carefully check each detail.
3. Log In Directly To Your Bank Account Or E-Wallet Always log in directly to your bank account or e-wallet to check your balance and transaction history. Confirm that you have actually received the correct amount as agreed from the correct buyer’s account.
4. Absolutely Do Not Release Crypto Until Verification is Completed If you cannot access your bank account or e-wallet to check transactions (ví such as bank system maintenance, network failure, etc. ), suspend trading and do not release crypto, no matter how much the other party urges. In case of necessity, immediately contact Customer Support for assistance. What to do when you suspect the other party is a scammer? Do not continue trading. Collect evidence ( such as screenshots of messages, transaction information, and related documents ). Report immediately to the P2P platform you are using or contact the support department for assistance.

By adhering to these principles, you will significantly reduce the risk of becoming a victim of scams in P2P transactions. Always prioritize safety and resolutely protect your assets.