how to prevent MITM attack in btc otc trade

Chapter 6 How to defend Man-in-the-middle attack in BTC OTC trade

Seller must not conduct trade off the platform. The seller are exposed to much greater risk by saving a small amount of transaction fee.

Use only one messenger to communicate throughout the trading process, including video verification. This will rule out the scammers. Both parties shall take extra caution when one requires to switch to another messenger and find out why. Poking for the true intention will always leave evidence for future reference.

Verify BTC receiving address while video verify identification. Besides verifying ID, bank account, BTC address is another item on the list when two parties are verifying each other. The BTC receiving address is no less important than a bank account.

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