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Crypto P2P Third-Party Payments Scam Alert

On the p2p platform, users can transact with fiat to crypto and crypto to fiat transactions. Various platforms have already done KYC verification and higher user verification to combat scamming and fraudulent activity on the platform, despite that users become victims of different p2p trading scams and fraudulent deals and become part of the scam trape or misleading offers.

P2P Third-party Payment Scam

The third-party payment scam where u receive an order from a user whose account name doesn’t match with the payment account from where you receive the payment is called third-party payments or third-party payment scam. The p2p platform highly discourages by receiving non-matching name payments such as binance and other trusted p2p transactions platforms to avoid scams.

Third-party Payment Following Possible Consequences

  • The buyer of crypto is sending payment from an account whose possession is acquired through illegal ways cause suspensions of the recipient bank account or a chargeback occurs in case of account owner report.
  • The buyer is sending payment through a third-party user to full fill her illegal or dirty intentions such as transferring to a Ponzi scheme or to a multilevel marketing scam by misleading the payment sender.
  • The buyer is forcefully transferring funds from the unknown wallet to your wallet by blackmailing or demanding ransomware from the sender and avoiding tracking using third-party channels to transfer funds.
  • The most commonly happened scam is threatning the seller or buyer to claiming from fake payments screenshots or refusing to legit receipents and filing appeal to manupulate the counterparty phycologically build pressure to do scam.

There will be different more cause scenarios happen in the future or happening currently regarding crypto third-party payments on p2p trading platforms.

Significance of Danger & How to Avoid?

Appeal filing Scam

On daily bases, sellers or buyers especially as a merchant, become victims of fake payment screenshots or the counterparty sellers refuses to legit payments and filing the wrong appeals against the merchants to the p2p administration or trying to threaten the counterparty with violent blackmailing messages to build phycological pressure on the counterparty to release or make the buyer victims of falsely pay the double amount based on scammed intentions.

How to Avoid?

First of all, you should be mentally strong to counter the blackmailing messages of scammers, keep in mind the scammer can only try to pressure you to release payment without actually sending you the required money to purchase the particular asset. So the buyer or the seller will try to threaten you via saying that “I will file an appeal against you if you do not release in blah blah time” or “I have sent payment without sending the actually required proof” or “talking with you as an very rude behavior” or “asking for ransomware to cancel the appeal of their fraudulent order usually locks the high amount to build a sense of loss for the seller”.

Make sure you should be aware of the latest scams ongoing by getting in touch with us or through the platform scam filtering help center. To avoid these scams always stick to the golden rule never release payment until you receive the complete actual payment for the pending order you have & never pay double payment to the seller as a buyer even if successful debit payment proof you have.

Partner Account

Sometimes third-party payments occur by teenagers intentional transactions from through elders such as parent or relatives accounts. To own a standard bank account you have to be 18 years old and having some sot of documents to prove your income stream and your source of transactions that’s why many people who are under 18 or unable to own a bank account in their name use or transaction though their relative or fully consent full relational financial partners.

How To Avoid?

As a merchant or crypto seller, you can directly contact the buyer or confirm her intention of payment or you can confirm the real name by asking for ID proof so that there will no chance of unintentional or misleading scam transactions.

Misleading Offers

People around the world seeking online earning options and crypto is one of them which is considered as the quickest and easiest way to become financially stable or get rich in quick schemes mostly in very rare cases. In this regarding the bad mind intentions comes in place and try to mislead people by offering them passive earnings scam or high returns. They usually required to deposit through crypto because it’s easy to scam and run away. They acquired a network of verified p2p platform accounts and transact through non-matching wallets or bank accounts where the victims are sending money to the merchant’s account and they release crypto after that they manipulate the money and run away.

How to Avoid?

First of all, you should avoid third-party payments and in case you receive to make sure to contact the sender by demanding contact details and confirm the consent and purpose of payment by confirming through telephone conversation whether they are purchasing crypto or wanting to become part of misleading MLM offers.


To maintain your long-term positive ending experience on the p2p platform or in-short with p2p trading always follow the rules. There are significant newbies in the crypto market who are unable to use or understand the p2p exchanges functionality and the complexity of trading. They easily become victims of these scams. You can help and protect them by making them aware, not releasing cryptos, payment refunding, and reporting such p2p accounts to the administration who are maybe misleading them and demanding money by giving them false hope.