Quote from: Cryptoprincess101 on March 31, 2024, 10:52:48 AM

Performing p2p operations is very risky though the chances of getting scammed is on the minimal depending on the exchange you are using but one thing I like about some exchanges like binance is the ability for them to wait till you confirm that your full amount have been paid to you before you release your crypto because if they had made it like if you have placed an order and released crypto immediately without receiving payments yet the rate of frauds would have been on the increase.

Well, P2P trading isn't risky but only if the person making a trade makes sure they understand everything very well and they act according to the rules set by the exchange because you will encounter a lot of scammers and frauds where they will try to trick you into releasing your assets without paying you, or when you are buying, they would make you pay and then wouldn't give you the assets by trying to use some trick or something.

But, if someone is aware of everything and has an active mind and is quick in reacting, they wouldn't get scammed, and if someone tries to scam them through a P2P platform, they can report their accounts to the management immediately so that they can take further action against them.