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Topic: Question about the new P2P option - page 2. (Read 257 times)

member
Activity: 66
Merit: 5
Eloncoin.org - Mars, here we come!
November 11, 2024, 08:04:36 AM
#8
I could remember a sad story that was shared in the forum about a guy who was attacked during a physical trade and I believe that should serve as enough lesson for use not to accept such option as it's never a good option and shouldn't be even tried.

You self supposed know say nobody wey get enough sense go gree trade such physical trade even though say the rate too good except say na person you know already offline.

Imagine saying you want trade a $1000 dollar to naira with the current price na very big risk to carry such money self dey waka for both the vendor and the seller.

Knowing the person is not enough reason to trade your coins for physical cash, what's stopping him from sending the money through bank transaction if the money is legal. Most of the vendors offering physical cash trade for your coins are kidnappers, Money launderers trying to wash their money clean.

Perhaps I have someone that I know very well, my secondary class mate whose a merchant on bybit we don't live too far from each other here in this city. Knowing him from grass root sometimes I do trade with him for cash sometimes he would just bring it to me. This kind of physical transaction can still be accepted for me if only I know what he person just as my home boy who is now a merchant.
staff
Activity: 1316
Merit: 1610
The Naija & BSFL Sherrif 📛
November 11, 2024, 06:51:26 AM
#7
I could remember a sad story that was shared in the forum about a guy who was attacked during a physical trade and I believe that should serve as enough lesson for use not to accept such option as it's never a good option and shouldn't be even tried.

You self supposed know say nobody wey get enough sense go gree trade such physical trade even though say the rate too good except say na person you know already offline.

Imagine saying you want trade a $1000 dollar to naira with the current price na very big risk to carry such money self dey waka for both the vendor and the seller.

Knowing the person is not enough reason to trade your coins for physical cash, what's stopping him from sending the money through bank transaction if the money is legal. Most of the vendors offering physical cash trade for your coins are kidnappers, Money launderers trying to wash their money clean.

I no dey use Bybit most times so I never notice the change. I no go try am to face to face crypto transaction with anybody whether na for naija or na abroad. If I see say na only face to face trade option dey for this platform I go move to other platforms.

What other platforms are you guys using and do they have good volume like Bybit??
hero member
Activity: 1204
Merit: 802
Leading Crypto Sports Betting & Casino Platform
November 11, 2024, 06:27:52 AM
#6
Noticed it a day after this topic Court orders crypto company to pay N140m to EFCC for illegal USDT/Naira trade was made, Bank transfer vendors also reduced as most vendors went offline. I guess the bad news caused a lot of vendors to deactivate. And for your question; no it's not safe, don't accept physical trading with a stranger as the chances of you getting robbed, killed is high.

We do not have CCTVs on our roads/streets - your security is not guaranteed.
I no dey use Bybit most times so I never notice the change. I no go try am to face to face crypto transaction with anybody whether na for naija or na abroad. If I see say na only face to face trade option dey for this platform I go move to other platforms. I prefer make to sell at lower rate or buy at higher rate than to take the risk of meeting a stranger to transact trades. Even if CCTV dey my street I no go still risk am. Life no get part 2.
hero member
Activity: 1316
Merit: 379
WOLFBET.COM - Exclusive VIP Rewards
October 31, 2024, 02:12:53 AM
#5
I could remember a sad story that was shared in the forum about a guy who was attacked during a physical trade and I believe that should serve as enough lesson for use not to accept such option as it's never a good option and shouldn't be even tried.

You self supposed know say nobody wey get enough sense go gree trade such physical trade even though say the rate too good except say na person you know already offline.

Imagine saying you want trade a $1000 dollar to naira with the current price na very big risk to carry such money self dey waka for both the vendor and the seller.

The economy of the country is posing to cause some security issues and people are beginning to do dubious things for survival therefore on a normal everyone needs to priotise their security especially when dealing with things that involves money, it was a very sad story indeed and I see no reason why the victim decides to take such risk based on high selling rate, if only he had traded online with a good vendor that's  trustworthy I believe such incident won't have occurred. Well, sometimes things like that are bound to occur for people to take precautions and I believe everyone who heard such story and was willing to risk it too would retrace their steps and take precautions, life is even more precious than money to we don't have to risk it at any cost therefore everyone should disregard physical trading and focus on trading online with a good vendor for security reasons.
member
Activity: 66
Merit: 5
Eloncoin.org - Mars, here we come!
October 30, 2024, 07:50:58 PM
#4
I could remember a sad story that was shared in the forum about a guy who was attacked during a physical trade and I believe that should serve as enough lesson for use not to accept such option as it's never a good option and shouldn't be even tried.

You self supposed know say nobody wey get enough sense go gree trade such physical trade even though say the rate too good except say na person you know already offline.

Imagine saying you want trade a $1000 dollar to naira with the current price na very big risk to carry such money self dey waka for both the vendor and the seller.
staff
Activity: 1316
Merit: 1610
The Naija & BSFL Sherrif 📛
October 30, 2024, 04:50:54 PM
#3
Noticed it a day after this topic Court orders crypto company to pay N140m to EFCC for illegal USDT/Naira trade was made, Bank transfer vendors also reduced as most vendors went offline. I guess the bad news caused a lot of vendors to deactivate. And for your question; no it's not safe, don't accept physical trading with a stranger as the chances of you getting robbed, killed is high.

We do not have CCTVs on our roads/streets - your security is not guaranteed.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
October 30, 2024, 03:11:52 PM
#2
We discussed something similar recently. You can read about it from here: You fit trust Bureau de change operators if they start exchanging btc?

It is not a good idea at all. I also saw it on Bybit some weeks ago but which I can not try at all because of privacy reasons.
sr. member
Activity: 1414
Merit: 272
Get $2100 deposit bonuses & 60 FS
October 30, 2024, 02:39:08 PM
#1
I just notice say for Bybit some vendors they specify say there payment method nah cash in hand, abeg anybody don try out this option here ?

With the kind security issue we they face for this country that kind deal no be Watin person suppose even agree to do in the first place, as I we don see for general board where such deal almost lead to something else.

I just wan ask if anybody don make use of that option before and also to warn against the danger of such deal..
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