Quote from: zasad@ on August 20, 2023, 11:09:28 AM

Quote from: Baofeng on August 20, 2023, 06:39:11 AM

Quote from: zasad@ on August 16, 2023, 03:03:12 PM

Quote from: qwertyup23 on August 13, 2023, 08:17:56 PM

I think that is a double-edged sword depending on the person they run into.

The difficult thing with cryptocurrencies is knowing which area has jurisdiction over the case in the event of a scam. If you deal with someone via p2p and they have scammed you, depending on where you are staying, then such is enforceable against them. In contrast, if they have dealt with someone who prohibits the utilization of cryptocurrencies, then they cannot enforce such action against them.

Small amounts appear in p2p exchanges, I think that even in Europe it is no more than 10,000 dollars for a bank payment, but most likely these are small amounts of 200-2000 dollars. Unfortunately, due to such damage, it makes no sense to contact the police. I perceive such losses as payment for the lesson.

Yeah, even here, it's just a small amount that even if you report it, might not be worth to look at by the police and the authorities, hence it's going to be difficult for the victims to recover what they have lost during the scams. Again, I myself have been attempted multiply times by scammers in the P2P in Binance and Bybit, but my experience tells me not to send the funds to them and then we try to go to arbitration with the exchanges and they found out that this are indeed scammers and so they block or ban those account. But for those who are inexperience in this field, they might easily fall for it especially when this scammers are the way dictating you what to do and pressuring you to released the crypto right away.

I don't think the main problem here is fraud. If you study well the experience of other users and read their recommendations, you can protect yourself from fraud. The weakest link in this scheme is the banks that will block the trader's account if he often makes p2p exchanges. And banks in all countries work the same way, and then it is very difficult to unblock your account.

It's different though when we talk about banks as they are intermediary. And obviously that's why people are doing P2P to avoid banks and other middleman in people. So take away them for the equation, it's you against the person on the other side of the deal and of course the exchange that will facilitate it.

As here in our country, there are some friendly banks to crypto and I will say that we are lucky.

Maybe the scammer can go and put it in a bank if that is your point. Unfortunately, there are ways that people can create bank accounts using false identification. So they can get away from it even if you as a victim report it to the authority.