Becareful when using P2P.

[Cantsay]

I will really appreciate if you drop the names of those 3 merchant that tried to play smart, so I can avoid them as well, because I also make use of that bidget exchange once in a while.

The first is “Quadri Taiwo” second is “E payment” and the third is “Sam_tizzle” these are the names of the three I encountered.

One thing I noticed about them was that they always had the same amount in their ads, and I saw a very large number of users with this price which gives me the impression that they were all engaged in the same shady scheme.

If you’re trading or you want to trade, after filtering with “amount” make sure you scan through and see if they all have the same amount in their ads if they do then they will most likely try to buy from you with a different price if you click their ads.

[Cryptsafe]

It will be brilliant you trade with people who have positive reputation and offers the payment system that has some level of security. Buy following this methods your p2p transactions are secure.

Even with positive feedback you should still be on guard, because a scammer who's serious about scamming can easily engage in legit trades so that they can build their reputation afterwards they'll start their scammy activities. So an account having positive feedback does not mean that the account is safe to trade with carelessly.

I do not put feedback into consideration whenever I am about to do a p2p trade. Do not be surprised that the one you think got good feedback would be the one to play smart on you. I have  had the experience before where a buyer clicked paid and waited till almost time elapsing when he started chatting me up to release his coin that he had paid the money earlier while he did not do so. I had to take my time to go through my mail and bank app to confirm because most times network can be a challenge for SMS alert but I could not see anything and he was busy threatening to report m to customer care with payment proof but  did not bother and I told him to go ahead that I would not release my coin till I receive alert. While the argument was going on i had screenshot all my detail to keep track of the time the money reflects so that he does not say otherwise and when he saw that he was not making any output of it, he hurriedly paid and uploaded screenshot that he paid long ago. I had to examine the screenshot taking note of the time of the transaction then uploaded mine as well before I released his coin for him. Since then I have not really seen his offer unlike I do see others I have traded with so often times.

[Tribalchief]

I will really appreciate if you drop the names of those 3 merchant that tried to play smart, so I can avoid them as well, because I also make use of that bidget exchange once in a while.

The first is “Quadri Taiwo” second is “E payment” and the third is “Sam_tizzle” these are the names of the three I encountered.

One thing I noticed about them was that they always had the same amount in their ads, and I saw a very large number of users with this price which gives me the impression that they were all engaged in the same shady scheme.

If you’re trading or you want to trade, after filtering with “amount” make sure you scan through and see if they all have the same amount in their ads if they do then they will most likely try to buy from you with a different price if you click their ads.

Thanks for sharing these names. I will definitely look out for these names whenever i use the p2p. And I guess maybe other forum members might find this information useful as well. we all have to be cautious, because losing money these days can be very frustrating considering the level of hardship in the country. Thanks again for the info.

[Cantsay]

It will be brilliant you trade with people who have positive reputation and offers the payment system that has some level of security. Buy following this methods your p2p transactions are secure.

Even with positive feedback you should still be on guard, because a scammer who's serious about scamming can easily engage in legit trades so that they can build their reputation afterwards they'll start their scammy activities. So an account having positive feedback does not mean that the account is safe to trade with carelessly.

I do not put feedback into consideration whenever I am about to do a p2p trade. Do not be surprised that the one you think got good feedback would be the one to play smart on you.

Most of them usually start off well and then go astray at some point in their life.

Because most of the merchants I have seen misbehaving usually have +90% successful trades and tonnes of positive feedbacks and the only negative you get to see on their pages are either complaining of slow transactions speed or slow release of coin nothing is ever said about the way they do their business.

[Cryptsafe]

It will be brilliant you trade with people who have positive reputation and offers the payment system that has some level of security. Buy following this methods your p2p transactions are secure.

Even with positive feedback you should still be on guard, because a scammer who's serious about scamming can easily engage in legit trades so that they can build their reputation afterwards they'll start their scammy activities. So an account having positive feedback does not mean that the account is safe to trade with carelessly.

I do not put feedback into consideration whenever I am about to do a p2p trade. Do not be surprised that the one you think got good feedback would be the one to play smart on you.

Most of them usually start off well and then go astray at some point in their life.

Because most of the merchants I have seen misbehaving usually have +90% successful trades and tonnes of positive feedbacks and the only negative you get to see on their pages are either complaining of slow transactions speed or slow release of coin nothing is ever said about the way they do their business.

Well, your narrative can be actually right but the truth is that not all of them are genuine as you have said. Some scammers start with good intentions to cover up their act while getting good feedbacks and reports and they act on it like they are genuine because they got positive feedback and would at any slightest chances scam anybody that makes the least mistake looking at their market ratings to do business with them. Everyone just needs to be careful and smart while dealing with p2p vendors. I am not discrediting other genuine vendors, but let the truth be told.
Trade wisely and never loose guard.

[Tribalchief]

It will be brilliant you trade with people who have positive reputation and offers the payment system that has some level of security. Buy following this methods your p2p transactions are secure.

Even with positive feedback you should still be on guard, because a scammer who's serious about scamming can easily engage in legit trades so that they can build their reputation afterwards they'll start their scammy activities. So an account having positive feedback does not mean that the account is safe to trade with carelessly.

I do not put feedback into consideration whenever I am about to do a p2p trade. Do not be surprised that the one you think got good feedback would be the one to play smart on you.

Most of them usually start off well and then go astray at some point in their life.

Because most of the merchants I have seen misbehaving usually have +90% successful trades and tonnes of positive feedbacks and the only negative you get to see on their pages are either complaining of slow transactions speed or slow release of coin nothing is ever said about the way they do their business.

Exactly. The whole issue starts changing when there are complaints of slow transactions or slow to receive payment. So one idea or method I have recently resorted to is checking their rating (most especially) and also checking their payment time, i.e specific time in which the merchant has agreed to complete every transaction. My reason for this is because when a merchant who uses a very long period of payment time(like an hour) to get into a trade with you, the chances that you will have trouble with that transaction is very likely, because getting stuck with a transaction without quick means of resolving it due to time factor is crazy.

And besides that, there are others that might want to fabricate a "confirmation of payment" receipt, which is sometimes possible when the transaction duration is lengthy. Aside the safety part of it, it also helps us to make quick transactions, because I have sometime waited for my p2p order to cancel when I realized that the buyer was offline, but his status showed online, and it was at about 1AM. I just had to wait patiently for the order to cancel after 1hr, which is a crazy and risk thing to do.

[Cantsay]

And besides that, there are others that might want to fabricate a "confirmation of payment" receipt, which is sometimes possible when the transaction duration is lengthy.

As long as I haven’t received an alert on my phone and also the balance hasn’t reflected on my bank app I will never release a count any merchant even if they threaten to report to the support.

I haven’t encountered a fabricated receipt before but I’ve encountered a transaction that got delayed and they sent me the receipt and everything but it still didn’t show in my app - I asked them to wait till I receive the money first, that wasn’t going to risk anything for their sake and that was how we both waited till I got it and I released it. Funny thing was that the guy didn’t even panic or try to hasten me to release the coin the moment I sent my account transaction history to him he just told me “okay” and waited quietly and that was how I knew he wasn’t there to scam.

Those that want to scam will definitely try to pressure you, or tell you one thing or another so that you’d want to release your coin despite not seeing the money they claimed to have sent.

[Cryptsafe]

It will be brilliant you trade with people who have positive reputation and offers the payment system that has some level of security. Buy following this methods your p2p transactions are secure.

Even with positive feedback you should still be on guard, because a scammer who's serious about scamming can easily engage in legit trades so that they can build their reputation afterwards they'll start their scammy activities. So an account having positive feedback does not mean that the account is safe to trade with carelessly.

I do not put feedback into consideration whenever I am about to do a p2p trade. Do not be surprised that the one you think got good feedback would be the one to play smart on you.

Most of them usually start off well and then go astray at some point in their life.

Because most of the merchants I have seen misbehaving usually have +90% successful trades and tonnes of positive feedbacks and the only negative you get to see on their pages are either complaining of slow transactions speed or slow release of coin nothing is ever said about the way they do their business.

Exactly. The whole issue starts changing when there are complaints of slow transactions or slow to receive payment. So one idea or method I have recently resorted to is checking their rating (most especially) and also checking their payment time, i.e specific time in which the merchant has agreed to complete every transaction. My reason for this is because when a merchant who uses a very long period of payment time(like an hour) to get into a trade with you, the chances that you will have trouble with that transaction is very likely, because getting stuck with a transaction without quick means of resolving it due to time factor is crazy.

And besides that, there are others that might want to fabricate a "confirmation of payment" receipt, which is sometimes possible when the transaction duration is lengthy. Aside the safety part of it, it also helps us to make quick transactions, because I have sometime waited for my p2p order to cancel when I realized that the buyer was offline, but his status showed online, and it was at about 1AM. I just had to wait patiently for the order to cancel after 1hr, which is a crazy and risk thing to do.

Vendors with short time of trade payment record could be a potential and genuine dealers compared to those who take much time to make payment. The one thing I have noticed about these scammers is that they state in their terms to trade that they have lots of pending deals to attend to so you should give them sometime before they could attend to you. Most times they do that to test your patience and see if you are in a haste so they can just easily do what they want and make you release the coin under pressure since you are in a haste to do something at hand, that is a new trick they use now.

One just needs to be careful because there is no way a transaction could take up to an hour before it is credited when it is done through app or mobile code. Currently, it is rare to see a crypto enthusiasts going to the bank to make a deposit into an account. It is not possible now, so why the delay in payment or better still, the buyer should just chat the seller to give some time if there is something urgent at hand so the seller could understand and wait for time to elapse so they could check for another rather than trying to play smart on someone's intelligence.

[Axcel777]

And besides that, there are others that might want to fabricate a "confirmation of payment" receipt, which is sometimes possible when the transaction duration is lengthy.

As long as I haven’t received an alert on my phone and also the balance hasn’t reflected on my bank app I will never release a count any merchant even if they threaten to report to the support.

I haven’t encountered a fabricated receipt before but I’ve encountered a transaction that got delayed and they sent me the receipt and everything but it still didn’t show in my app - I asked them to wait till I receive the money first, that wasn’t going to risk anything for their sake and that was how we both waited till I got it and I released it. Funny thing was that the guy didn’t even panic or try to hasten me to release the coin the moment I sent my account transaction history to him he just told me “okay” and waited quietly and that was how I knew he wasn’t there to scam.

Those that want to scam will definitely try to pressure you, or tell you one thing or another so that you’d want to release your coin despite not seeing the money they claimed to have sent.

It is very important always to remain alert in every transaction; this is very important looking at the volatile nature of the entire crypto space. Self control can be illustrated by examples when we do not hurry to release the new coins to circulation without making sure that the funds have been safely secured. This is a very positive attitude, indeed, because we can be saved from fraudsters with the help of this approach. Combined with proper understanding of interests to be bargained by both parties, clear communication with the counterparty will also enhance trust, and both parties will feel more comfortable.

Secondly, it is useful to pay attention to the reaction of the counterparty to evaluate their actions themselves. At times when they are polite and compliant it makes feel more comfortable that we are dealing with the right people. Indeed, more effort needs to be made in safeguarding assets and preventing fraud that is rampant in this fluid context when the right protective actions are used. In trying to respond to the challenges of trading in the cryptocurrencies, it is therefore advisable to take a conservative and anticipatory approach towards the issue.

[Cantsay]

Combined with proper understanding of interests to be bargained by both parties, clear communication with the counterparty will also enhance trust, and both parties will feel more comfortable.

When I open a p2p trade and the merchant sends me a message to try to bargain the price and buy my coin for a price that is lower than the usual price I usllay don’t bother to respond or just tell them straight up that I’m not going to budge on the price and if they aren’t interested in buying at that price then they should wait for the timer to expire and I’ll go and sell for a different vendor.

[Tribalchief]

~snip

When I open a p2p trade and the merchant sends me a message to try to bargain the price and buy my coin for a price that is lower than the usual price I usllay don’t bother to respond or just tell them straight up that I’m not going to budge on the price and if they aren’t interested in buying at that price then they should wait for the timer to expire and I’ll go and sell for a different vendor.

Such merchant deserves to be reported to the exchange. It's a shame that some people choose to test the patience of others, thereby luring them with fake details/information. Trying to negotiate price with a merchant when the profile already has something fixed is quite stupid. If anyone wants to negotiate, it should probably be the seller, but what for?, Because I don't think there is anyone that likes to be on the losing side.

[bitebits]

~snip

When I open a p2p trade and the merchant sends me a message to try to bargain the price and buy my coin for a price that is lower than the usual price I usllay don’t bother to respond or just tell them straight up that I’m not going to budge on the price and if they aren’t interested in buying at that price then they should wait for the timer to expire and I’ll go and sell for a different vendor.

Such merchant deserves to be reported to the exchange. It's a shame that some people choose to test the patience of others, thereby luring them with fake details/information. Trying to negotiate price with a merchant when the profile already has something fixed is quite stupid. If anyone wants to negotiate, it should probably be the seller, but what for?, Because I don't think there is anyone that likes to be on the losing side.

This is somehow true since businessmen who use unscrupulous means to gain control over their counterparts should be reported to the exchange. The worst time is when individuals aim to mislead others and give fake facts and details with ill intentions. This is considered unreasonable, and also time wasting since once the merchant sets a price it rarely changes again for bargaining. If there is any haggling to be done, it should be where the seller initiates it, and in such a case of course people will not intentionally place themselves at a losing position. People appreciate everybody getting involved in the fair trade deals, but such actions interfere with goodwill within the trading circle.

[Cantsay]

~snip

When I open a p2p trade and the merchant sends me a message to try to bargain the price and buy my coin for a price that is lower than the usual price I usllay don’t bother to respond or just tell them straight up that I’m not going to budge on the price and if they aren’t interested in buying at that price then they should wait for the timer to expire and I’ll go and sell for a different vendor.

Such merchant deserves to be reported to the exchange. It's a shame that some people choose to test the patience of others, thereby luring them with fake details/information. Trying to negotiate price with a merchant when the profile already has something fixed is quite stupid. If anyone wants to negotiate, it should probably be the seller, but what for?, Because I don't think there is anyone that likes to be on the losing side.

This is somehow true since businessmen who use unscrupulous means to gain control over their counterparts should be reported to the exchange. The worst time is when individuals aim to mislead others and give fake facts and details with ill intentions. This is considered unreasonable, and also time wasting since once the merchant sets a price it rarely changes again for bargaining. If there is any haggling to be done, it should be where the seller initiates it, and in such a case of course people will not intentionally place themselves at a losing position. People appreciate everybody getting involved in the fair trade deals, but such actions interfere with goodwill within the trading circle.

The thing is that the exchanges doesn’t take any action when merchants alike that are reported. I have reported several of them and up till this day they are still actively engaging in trades with their usual trading practices which is to try and engage in haggling with the seller to get them to reduce the price for them.

[Mia Chloe]

Why are Nigerian crypto traders referring to Binance as if he is only the reputed centralized exchanges? There are others like OKX and Bybit which has been operating since many weeks or like few years ago and having the P2P. Even while using Binance, you have to be careful not to let anyone scam you. Also if are using decentralized exchanges, you also need to be careful. Just because you are dealing with people and some people have only intentions to scam.

Well I wouldn't actually blame them that's simply because for quite a very long time now binance has actually been the most popular centralised exchange especially in this region of the world. However it seems that people actually began to shift gradually to other exchanges when there was the dollar crisis in Nigeria and the government decided the best thing to do was to cancel dollar transactions in Nigeria making P2p on binance involving Naira virtually impossible.

The sad truth is that if the Nigerian government hadn't taken those moves they made, majority of people making use of bybit as well as other exchanges wouldn't have switched.

[bitebits]

Why are Nigerian crypto traders referring to Binance as if he is only the reputed centralized exchanges? There are others like OKX and Bybit which has been operating since many weeks or like few years ago and having the P2P. Even while using Binance, you have to be careful not to let anyone scam you. Also if are using decentralized exchanges, you also need to be careful. Just because you are dealing with people and some people have only intentions to scam.

Well I wouldn't actually blame them that's simply because for quite a very long time now binance has actually been the most popular centralised exchange especially in this region of the world. However it seems that people actually began to shift gradually to other exchanges when there was the dollar crisis in Nigeria and the government decided the best thing to do was to cancel dollar transactions in Nigeria making P2p on binance involving Naira virtually impossible.

The sad truth is that if the Nigerian government hadn't taken those moves they made, majority of people making use of bybit as well as other exchanges wouldn't have switched.

However, many of us can comprehend why so many still do hold their investments in Binance particularly with it being one of the most dominating and stable CEX out there. But, the current dollar crisis, coupled with the restrictions on transactions have made many Nigerians to open their eyes to the fact that, they may have to change, and probably switch to other platforms like Bybit. The limitations that Binance’s P2P market is facing with the Naira makes us look at other ways to be active in the world of cryptos. To the extent that these steps have not been done by the government we may have not seen this shift on the use of the alternatives exchanges that is happening.