Just as there are opportunities, there are also risks that many beginners fail to see until they experience them. Now there are situations where someone genuinely sends money, you then release the Bitcoin, only for the payment to be reversed later through the bank, leaving you at a loss. Another hidden risk is that banks sometimes freeze accounts when suspicious transferss are traced back to them, and this can happen even if you didn’t know that the source of the money was fraudulent....
So what do you think guys how can we balance the opportunities with the risks? Should the upcoming trader even be enccouraged into P2P trading or focus on other alternatives?
Lots of P2P trading threads you can look into them to see others experience and learn from them.
Firstly as for the transfer it is not possible to have a money received in your account which has already reflected in your account to actually be reversed there must be resolution, usually what you will get is a credit alert message and a debit following it which is network error which is usually associated with traditional banks that’s why fintechs are mostly advisable to use for this transactions. But still even if it is a traditional bank it is very hard to see the transaction reversed if it actually reflects on your account so don’t depend only on alerts but try to check account balance and if there is doubt you can even spend little amount to be sure.
As for banks freezing account after such transactions it depends because it will be hard to filter accounts to recieve payments from, but in reality one should actually tell the other party to not include any crypto related information in the transfer and I don’t think it will be freeze if they don’t do that. Except on rare cases where the account has fraudulent activities which can be reported back to the exchange.
But in all of these try to transact with verified merchants, this truth hivh trade number with good rating and also still apply your own caution on all trades