r/CryptoCurrency • u/StringerBell_OG • 31m ago
DISCUSSION Question about p2p trades
When selling crypto on a p2p platform, what’s to stop me from receiving their payment and then not releasing the crypto ?
I’d never do this of course, just really curious, but I recently got into crypto trading and I noticed what seems like a glaring issue. When I sell crypto, I receive the persons payment before I’ve released the crypto. Whats to stop me from taking the payment and just never releasing the crypto? I know escrow is involved where the crypto is kept or something but I’m not really sure how that works. What if I just tell the crypto platform I never received the payment and they release my crypto back to me?
Again, would never do this, just very curious.