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What are some red flags to watch out for when dealing with potential scammers on eBay's cryptocurrency marketplace?

avatarKloster RowlandDec 29, 2021 · 3 years ago3 answers

When using eBay's cryptocurrency marketplace, what are some warning signs that indicate potential scammers?

What are some red flags to watch out for when dealing with potential scammers on eBay's cryptocurrency marketplace?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    One 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.
  • avatarDec 29, 2021 · 3 years ago
    Another 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.
  • avatarDec 29, 2021 · 3 years ago
    At 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.