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Nigerian Languages / Re: [Crypto] OKX Naira Speculators and Manipulators
« on: May 05, 2024, 08:17:35 AM »I am just happy that, I have seen another person that has the same experience with me. I have been suffering this guys that manipulate the naira in Binance from the first day of my visit to the exchange when I was about to sell NGN200k and the vendor say the price wey him put e dey high so him go reduce the pay. So we come dey negotiate oh but finally I no come gree. Na so we leave the trade me sef I look for another vendor and sell ma coins. And this same thing happened to me again in OKX last month. And di worse of them ll na di Kucoin. FG needs to ban dat exchange automatically because di kind of fraudsters wey dey there e too plenty.
And the worst part is when place the order them no go pay sef. But just to attract sellers to them selves.
Later on they’ll send you message that if you want them to continue the trade that they’ll have to reduce the rate that their rate is too high compared to others - I have encountered them several times and sometimes they’ll want to reduce the rate from 1,300 to 1,200 if not you’ll have to wait for the timer to end (which is usually up to an hour).
There are so many ways that exchanges have to work, in order to help minimize losses in p2p because newbies are definitely going to be hurt in this scheme of theirs.
Nowadays there are scammers from Binance to OKX, not sure why they have not taken action before. But I didn't use them afterwards. Since there are still good p2p alternatives, Bitget is the one I have been using for p2p without any issues since the merchants are quite reliable and quite trusted too. You can use that one for moving forward.
Hopefully things get straightened out in Nigerian crypto space soon though. I don't know what they achieve by pulling this off. They just talk about money and money