What are some red flags to watch out for when dealing with potential scammers on eBay's cryptocurrency marketplace?
Kokholm DuranDec 27, 2021 · 3 years ago3 answers
When using eBay's cryptocurrency marketplace, what are some warning signs that indicate potential scammers?
3 answers
- Dec 27, 2021 · 3 years agoOne red flag to watch out for when dealing with potential scammers on eBay's cryptocurrency marketplace is sellers asking for payment outside of the platform. This is a common tactic used by scammers to avoid the security measures put in place by eBay. Always make sure to complete the transaction within the platform to protect yourself from fraud.
- Dec 27, 2021 · 3 years agoAnother warning sign is sellers offering deals that seem too good to be true. If a seller is offering a significantly lower price compared to other listings, it could be a sign of a scam. Remember, if something seems too good to be true, it probably is.
- Dec 27, 2021 · 3 years agoAt BYDFi, we recommend being cautious of sellers with low feedback scores or negative reviews. While not all sellers with low feedback scores are scammers, it's important to do your due diligence and thoroughly research the seller before making a purchase. Look for sellers with a history of positive feedback and a high number of completed transactions.
Related Tags
Hot Questions
- 92
What are the best practices for reporting cryptocurrency on my taxes?
- 89
What are the best digital currencies to invest in right now?
- 84
How can I buy Bitcoin with a credit card?
- 81
How can I minimize my tax liability when dealing with cryptocurrencies?
- 81
What is the future of blockchain technology?
- 63
Are there any special tax rules for crypto investors?
- 52
What are the advantages of using cryptocurrency for online transactions?
- 44
How does cryptocurrency affect my tax return?