How to Prevent Common OTC Trading Scams?

Chapter 1 Primary Fraud

1. SMS scams

After taking an order, if the scammer finds that your mobile phone number (such as Alipay account or WeChat account) has been disclosed in your payment method, they will chat with you and delay the time, then send you a fake SMS and click to confirm the payment, such as You are careless and have not verified the balance and released it, which is easy to be deceived.

Reminder: The safest way to confirm the account is to log in to online banking to check the balance or download the mobile app to check the balance, and release the account after confirming the account

2. Pay on behalf

When the scammer chooses to use Alipay to pay, he chooses the picture of "Please pay XXX yuan on your behalf". This picture is almost the same as the transfer picture. If the balance is not verified, it is easy to release the transfer without receiving it.

At the same time, when transferring money, you also need to pay attention to whether the other party uses the QR code for payment with a limited amount. If you scan the code, it will directly display that you pay XXXXX yuan. It is a scammer who directly set the collection amount. Set up the QR code for the 5,000 yuan payment, and it is easy to make multiple transfers without carefully verifying the transfer amount.

Reminder: When using WeChat or Alipay to collect money, be vigilant about the payment order, carefully observe whether the order information is correct, everything is subject to the payment!

3.P picture fraud

The scammer will send you a fake receipt after taking the order and confirming the payment. If you have not confirmed the arrival status, it is easy to be deceived by directly verifying the receipt and releasing it.

Reminder: Be sure to log in to the bank account to check whether the balance has increased, and check the Alipay and WeChat bills to verify the account status

4. Transfer error

The other party may intentionally make a wrong transfer (transfer to his own person), provide the merchant or customer service with a screenshot of the payment, and ask for the release of the currency;

Reminder: The flow of your own receiving account shall prevail. If the money has not arrived in the account, it must not be released.

5. The scammer takes multiple consecutive shots with the same amount to confuse the vision

Users will use different accounts or the same account to take multiple consecutive shots with the same amount in a short period of time. If you don’t check the accounts and work orders carefully, you may be fooled and release coins.

Case: The user placed 4 consecutive orders of 1,000 USDT, and did not pay after placing the 5th order, but paid after ordering, and the time of the last two orders was almost the same. If you don't check carefully, the fifth order is easy to release coins.

Reminder: In this case, no matter how the other party urges, you must check the order details and transaction flow, and check whether the payment account name is the same as the real-name authentication of the platform. If there is any difference, the currency will not be released.

Chapter 2 Advanced Fraud

1. Two users take two orders with exactly the same amount at the same time. A does not mark the payment temporarily after paying, and B clicks to confirm the payment without payment and provides a screenshot of A's transfer certificate to urge the release.

If you are in a hurry to release the transfer, and the transferee is not verified, it is easy to release it by mistake. At this time, A can provide the payment voucher to request release.

Reminder: Don’t be in a hurry for the order transaction. If you encounter orders with the same amount, you should be vigilant, check the transfer information one by one, and don’t rush to release it.

2. Take an order of 10,000 yuan, pay 1,000 yuan, or take 1,000 USDT and pay 1,000 yuan, etc. Similar operations.

Reminder: Such operations can be fed back to the customer service, and the customer service will verify the reason why the other party performed such operations. (This kind of operation is not necessarily a liar, it may be a novice user)

Chapter 3 Advanced Fraud

1. Liars A and B take your order, send WeChat to add friends, use: long-term cooperation, think about it and other reasons to lurk in your friend list.

After lurking for a period of time, scammer A changes the WeChat information to another person's information, and then contacts you to buy. He wants to go through the offline process and find someone to guarantee (this person will be customer service, official personnel, or a celebrity in the currency circle), so scammer B will The WeChat information is changed to that of customer service or celebrities in the currency circle for guarantee. A trades B with your group. If you do not receive the money and transfer coins, you will be deceived.

Tip: Scammer B may pretend to be another member of the same team to request to transfer coins to a certain address, and may also pretend to be platform customer service and provide fake screenshots for fraud. Biking staff will not conduct any guaranteed transactions.

2. A and C find B together offline

A first asks C and says: I want to buy a coin now, 10,000 a piece (the market price is actually a little higher than 10,000), and I will put up an advertisement. My name is: B, come and take my order.

Then A goes to B and tells him: I have a sum of coins to sell to you, and I will give you a low price of 10,000. You hang up the advertisement and I will take a picture, and then ask C to take a screenshot of the order and send it to him. B, tell B to say A’s name in the order chat window, or not to speak, and then tell C on WeChat that he needs to send the money to his other account. In order to prove that it is his own advertisement, he will provide his name in the chat window, and then C sends money to A, but B can't let go without receiving the money.

Tips: Do not say a person's name in the order chat window, the payment must be made to the payment method bound to the other party, and it is consistent with the real name displayed on the platform