Your U coins may have been defrauded, come and take a look at these U merchant scams!

Do you also want to make some extra money in the currency circle, or convert your U coins into cash? Are you also attracted by various low-price, high-price, fast and safe U-merchant advertisements, and want to try over-the-counter U-coin buying and selling? Do you also think that you are very smart and can tell which U-businessmen are real and which are fake?

If you have the above thoughts, then you must be careful. Because in this currency circle full of opportunities and risks, there are many criminals who take advantage of your greed, curiosity, self-confidence and other psychology to design various fraud schemes to defraud you of your money. They may pretend to be a regular trading platform, customer service, large accountant, etc., or use online and offline methods to ask you to transfer money, scan codes, download software, etc., and then disappear, or refuse to transfer money to you for various reasons.

So, what exactly are these U-business fraud schemes? How can we detect and prevent it? Today, I will reveal the secret to you so that you will no longer be deceived when buying and selling U coins.

• Investment fraud: This is a scheme where criminals take advantage of your desire to get rich overnight by investing. They will promote a false virtual currency investment platform or project online and offline, trick you into investing in the platform or project, and require you to convert RMB into USDT for investment. This platform or project is often a fake APP or website developed by criminals that can manipulate background data at will. They will show you false profits and returns to make you invest more and more. When you want to withdraw cash or withdraw, they will refuse to refund you for various reasons (such as server maintenance, illegal operations, risk control review, etc.), and finally close the platform or run away with the project. What we call "pig killing plate" and "Ponzi scheme" every day are the same routines.

• OTC fraud: This is a scheme that criminals use to take advantage of your desire to buy low, sell high, or cash out quickly. They will publish advertisements for the sale or acquisition of USDT that are well below or much higher than the market price online and offline to attract you to conduct over-the-counter transactions with them. Then they will commit fraud in the following ways:

• Online scamming: This method is relatively simple, that is, you transfer USDT to the other party first, and then the other party directly blocks you or makes excuses not to transfer the money to you. Sometimes the other party will conduct a few small-amount transactions with you first, and then disappear when the large-amount transaction occurs.

• Offline robbery: This method is more violent. It allows you to meet offline to trade USDT, and then the other party will lead someone to steal your money or mobile phone. Sometimes the other party will conduct several offline transactions with you first, and wait until you relax your vigilance before taking action.

• Transfer fraud: This method is more cunning. It allows you to scan a code or transfer money to the other party’s bank card or Alipay account, and then the other party will forge transfer details or screenshots to make you think that he has transferred USDT to you, but in fact he has not. What was transferred or transferred was counterfeit money. Sometimes the other party will make several real transfers with you first, and then use fake transfers when you trust him.

• Routine job application: This is a trick that criminals use to take advantage of your desire to find a job or part-time job. They will publish information about recruiting U merchants or U currency sales online and offline to attract you to apply. Then they will commit fraud in the following ways:

• High salary temptation: This method is relatively common, which is to make you think that you can earn high commissions or bonuses by selling U coins, and then ask you to pay a certain deposit or purchase a certain amount of U coins as a condition for entry. After you pay the money or buy U coins, they will delay or refuse to pay you wages or refund the deposit for various reasons, and eventually lose contact.

• Fake customers: This method is relatively new. It makes you think that you can develop high-quality customers through your own efforts, and then allows you to conduct U-coin transactions with these customers. These customers are actually shills hired by criminals. They will buy your U coins at high prices and then use forged identity documents and contracts to deceive you. After you transfer the U coins to them, they will delay or refuse to pay you for various reasons, and eventually lose contact.

• Moments scam: This is a scheme where criminals take advantage of your trust in people in your Moments. They will post information about buying and selling U in their circle of friends, making you think that they are regular U merchants or large merchants. Then they will commit fraud in the following ways:

• Changing cards and running away: This method is relatively simple, that is, you first transfer USDT to the other party, and then the other party changes a bank card or Alipay account, and then asks you to transfer money to him. After you transfer the money, he will directly block you or find excuses not to transfer the money to you.

• Credit fraud: This method is more cunning, that is, you sell USDT to the other party first, and then the other party says that he has no money now and has to wait for a while or pay you the next day. Once you agree to the credit, he will never contact you again.

• Money laundering: This method is more dangerous, that is, you receive USDT and sell money to the other party, and then the other party uses black money or stolen money. When the police find the money, they will come to your door and suspect you of money laundering or fraud.

I hope you can remember and practice some anti-fraud tips in the U-coin anti-fraud guide. The following is my summary of the anti-fraud guide for buying and selling U coins:

• Choose a formal trading platform or a reputable U merchant. You can use some websites or APPs to query and compare information about different trading platforms or U merchants, such as rates, reviews, trading volumes, certifications, etc. You can also learn about and exchange experiences and feedback from other users through some social media or forums. You should try your best to avoid using some unfamiliar, unknown, and non-standard trading platforms or U-merchants to avoid being cheated.

• Verify the identity and information of the other party. You can verify the authenticity and reliability of the other party in some ways, such as asking the other party to provide photos or screenshots of their ID, bank card or Alipay account, or asking the other party to make a video call or voice call. You can also use some tools or websites to check whether the information provided by the other party is true and valid, such as bank card verifier, Alipay real-name authentication, etc. You should try to avoid using information that cannot be verified or is easily forged, such as QR codes, transfer details, contracts, etc., to avoid being deceived.

• Stay alert and sensible. You must always pay attention to market conditions and changes, and do not be fooled by temptations such as low prices, high prices, speed, and safety, nor be deceived by excuses such as investment, recruitment, and credit. You should rationally arrange your buying and selling plans and strategies based on your own risk tolerance and capital management rules, and do not be greedy, panicked, impulsive or blindly trade to avoid being cheated.

• Protect your privacy and security. You must pay attention to protecting the security of your personal information and property, do not disclose or leak it to the other party at will, and do not trust or click on links or files sent by the other party. You must use formal payment tools or channels to transfer or receive money, and do not use some suspicious software or platforms. You should check your account balance and transaction records in a timely manner, and call the police or complain promptly when you find abnormalities or problems to avoid being cheated.

The above is the anti-fraud guide I summarized for buying and selling U coins. I hope you can keep it in mind and practice it. Of course, these guidelines are neither absolute nor omnipotent. You still need to flexibly adjust and apply them according to your actual situation and market environment. However, as long as you can follow these guidelines, you can stay vigilant and rational in buying and selling U coins, avoid being deceived, and even make profits. I wish you all the best in the cryptocurrency world!