Cryptocurrency Q&A
Why is P2P not safe?
Why is P2P not safe?
Fri Jan 10 2025
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7 answers
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I've heard that P2P, or peer-to-peer, networks are not safe. I want to understand why this is the case. Is it because of the lack of central control, making it easier for malicious actors to operate? Or are there other security risks associated with P2P that I should be aware of?
7 answers
Sun Jan 12 2025
Understanding the limitations of P2P apps is crucial when using them for financial transactions.
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Sun Jan 12 2025
Despite being linked to your bank account, P2P apps do not offer any fraud protections.
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Sun Jan 12 2025
This means that once you send money through a P2P app, it is highly unlikely that you will be able to retrieve it if something goes wrong.
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Sat Jan 11 2025
Impersonation scams are a common risk associated with P2P apps.
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Sat Jan 11 2025
Criminals frequently prey on unsuspecting users by pretending to be someone they are not.
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