How To Easily Identify Scammers Online

 With the help of these tips, you will be able to stay secure and trade smartly like a boss with your exchange transactions, avoiding being ripped off or scammed by some scumbags who pretend to buy your e currency, Cryptocurrencies, or gift cards from you.

Anyone earning money online via PayPal, Payoneer, Skrill, Bitcoin, and other cryptocurrencies should exchange their E currencies for Naira equivalents. If you own a website, your advertisers can pay you via any of these payment methods, most freelancing sites pay via PayPal, Skrill, or Payoneer, and most legit survey sites pay via PayPal.

Finally, you will need to exchange your E currency for the naira equivalent, and this is where the real problem lies: finding a genuine  exchanger. Because you are transacting online, you are transacting with people you have never met or seen, with the risk of being scammed by scumbags who enjoy stealing what others have worked hard for. In this post, I will share some tips on how to identify a  genuine exchanger.

How To Detect Scammers And Avoid Being Scammed 

1. Business Conditions

Genuine exchangers have set terms and conditions that guide their transactions and cannot be changed for any reason. These terms include the exchange rate, the minimum amount of funds he can buy, the time frame in which payment is to be made to your account, and so on. Scammers may claim to have terms but are willing to compromise them to satisfy you. For example, a scammer may persuade you that he will send you the cash equivalent immediately.

2. Most scammers use Telegram for their nefarious activities

Please avoid doing any business on Telegram, such as selling your funds, because that platform can be easily manipulated; additionally, it is safer to transact with people who have a solid online profile or social profile (Facebook, Twitter, or Instagram pages), a website, or an exchange portal; confirm that he owns those before engaging in a transaction with him. If you're going to transact on WhatsApp, look at his or her profile; most scammers have religious names and use religious quotes as their profile image on WhatsApp instead of their real photos to deceive their victims; many of them even have empty profile photos. Always try to search or verify their name or mobile phone number using Google or the Truecaller app.

3. Scammers Are Always in a Hurry

Because scammers want to defraud you as quickly as possible, they will pressurize you to give the funds as soon as possible so that they can buy goods before the dollar price changes or they will change their minds. You should purposefully pause while attempting to interact with anyone online to observe their emotions; this will help you determine whether or not the person is a scammer.

4. Exchange Rate

Most scammers offer a tempting exchange rate to lure you into doing business with them. Second, scammers do not have a set rate; they are willing to negotiate with you and claim to be helping you. In business, no one helps anyone; we are all in it to make money, and you should be aware of this.

5. Untraceable Payment Methods

Scammers always use untraceable payment methods like Opay, Palmpay, or other fintech bank credentials instead of a commercial bank account detail that can easily be frozen when reported since they don't want to get caught.

Note: You worked hard to earn your money, so don't lose it to some scumbags.

Conclusion

This article has shown you how to easily identify scammers online. When you keep track of the 5 ways scammers use to carry out their nefarious activities. You wouldn't fall prey to their deceits.