How can I safeguard myself from scams targeting peer-to-peer payment networks?

Using peer-to-peer payment networks can expose you to several risks, including:

1. Fraudulent Sellers/Buyers: Dealing with unknown individuals can lead to potential scams where one party fails to deliver the promised goods or services after receiving payment.
2. Identity Theft: Sharing personal information during transactions can put you at risk of identity theft if the other party misuses or mishandles your data.
3. Phishing Scams: Scammers may create fake payment requests or links to trick users into sharing their payment details or login credentials.
4. Unauthorized Transactions: If your account is compromised, unauthorized transactions could occur without your consent.

To avoid scams targeting these platforms, consider the following tips:

1. Use Trusted Platforms: Stick to well-known and reputable peer-to-peer payment networks to reduce the chances of dealing with fraudulent entities.

2. Verify Identities: Whenever possible, verify the identity of the person you are transacting with to ensure they are legitimate.

3. Avoid Unsolicited Requests: Be cautious of unsolicited payment requests or links and do not click on suspicious links sent via email, text, or social media.

4. Protect Personal Information: Avoid sharing sensitive personal information unless necessary, and be wary of disclosing financial details to unfamiliar contacts.

5. Review Transaction Details: Double-check transaction details before completing a payment to ensure accuracy and prevent any mispayments.

6. Enable Two-Factor Authentication: Utilize two-factor authentication if available to add