What are the main risks?
One of the risks to consider is associated with P2P cryptocurrency transactions and can lead to involuntary loss. The irreversibility of transactions made on a blockchain, for example, sending or chinese overseas asia database receiving bitcoin or other assets, forces users to be extremely careful. There is no bank behind or an entity to claim against when a mistake is made, so a high level of knowledge is required.
In addition, there are scams such as phishing, social engineering attacks, Ponzi schemes or pyramid schemes. There are also risks associated with banking triangulations.
How to protect yourself?
While there is no way to completely avoid them, there are steps you can take to mitigate the risks when making P2P cryptocurrency transactions. Some recommendations include transacting with verified merchants, reading the comments in the person's reputation section, not releasing cryptocurrencies without verifying that the money has been received in the bank or app, having a closed list of frequent merchants, and always keeping a record of transactions. It is important to understand the product you are using to raise awareness among users.
How to react to a scam?
If you are a victim of a scam in a P2P transaction, it is recommended that you report it to the support of the exchange or application you are using. Also, report the situation immediately to the prosecutor's office of the state where you are located.
What is the role of business and government?
Both can work together to protect users against the risks associated with P2P cryptocurrency transactions. It is critical that education campaigns are conducted to raise awareness among users and regulations are put in place to reduce the risks associated with these transactions. In addition, exchanges and applications must establish robust security measures to protect users.
Finally, FUNIBER sponsors numerous courses in the business area in order to train professionals. Some of these programs include the Master in Business Administration and Management (MBA) and the Master in Strategic Management .
