Is P2P crypto trading safe, and what scams should I watch for?

P2P crypto trading can be conducted more safely when cryptocurrency is protected by escrow and both parties follow strict verification procedures. However, escrow does not remove every risk. Fiat payments still happen outside the blockchain, and users remain responsible for checking the counterparty, payment and wallet transaction.

Common P2P scams include:

• Fake payment proof: The buyer sends an altered screenshot, receipt or notification without making a completed payment.
• Third-party payment: Money arrives from an account that does not belong to the buyer, creating fraud, recall or triangulation risk.
• Early-release pressure: The buyer demands that the seller release crypto before the payment appears in the receiving account.
• Off-platform communication: A user attempts to move the conversation or payment outside the order, reducing the available evidence.
• Payment reversal: A transfer is later recalled, disputed or reported as unauthorized.
• Overpayment and refund scam: The buyer sends an unexpected amount and asks for the difference to be returned to another account.
• Fake support or phishing: Someone impersonates Senpero and requests login codes, wallet approvals, private keys or a seed phrase.

Before trading:

1. Review the user’s trade history, rating, account information and offer terms.
2. Confirm the asset, token contract, blockchain network and payment method.
3. Understand the reversal rules of the fiat payment method.
4. Verify that the cryptocurrency has been deposited in escrow before sending fiat.

During the trade:

• Keep all communication inside the order.
• Never share passwords, authentication codes, private keys or seed phrases.
• Confirm payments through the official bank or payment-service account.
• Do not release cryptocurrency based on a screenshot or buyer claim.
• Do not sign wallet transactions that do not match the expected escrow action.

Ratings, completed trades, verification and escrow can reduce uncertainty, but none guarantees honest behavior. If anything conflicts with the order, keep the cryptocurrency in escrow, preserve the evidence and use the dispute process.