risky

Increased Caution Needed on Bybit Due to Recent Scam Concerns

Always leaning towards using Bybit, but lately there's been some concern expressed in a group about it being filled with scammers. Just recently, an issue occurred when I placed an order; I was waiting patiently, then contacted the trader who then said his card was blocked. I suggested canceling the order, but he proposed doing it through an escrow service or an appeal. I was cautious since it was the first time encountering such a situation. After consulting, I decided to proceed with the escrow, and the deal was closed. Despite setting filters for verified merchants, I ended up selling the crypto to someone from another group based on user reviews. Overall, the situation is becoming more complicated.
Source available for registered users Sign Up Free

AI Analysis

The recent experiences shared indicate a rising concern among users regarding the security and reliability of transactions on Bybit. Although the user has traditionally trusted the platform, a recent ...

AI Recommendation

Given the recent experiences and heightened caution expressed, it is advisable to adopt a more conservative approach when using Bybit or similar platforms. Always verify the identity and credibility o...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

You might also be interested in: