Topic: Shine your eye as dey do P2P (Read 402 times)

Yesterday a friend of mine was sent some BTC from his elder sister in the UK. And he wanted me to help him sell it on P2P. Because of greed (so I won't cheat him and take some of his money and the fact that he wanted a higher rate) he told me to sell on those guys who we see on P2P showing ineligible but with a high dollar rate. I warned him that the guy did not have a good record, yet he insisted. I have to do it for him. We waited for ages this guy had to lie he had paid why he hasn't?

There are bad people in bybit and they are active to see who is going to fall prey to their plans. I like the fact that my knowledge and expertise i cant be a victim of that. If they think they are smart then I'll show them smartness. Since we get some people wey no one use their head for this Naija. As na their follow Nigerians they wan scam.

People don't even know that p2p platform is very easy to scam people if they are not careful and sometimes the reasons why people fall easily to scami in p2p platforms is greed, like they want to trade with those with high exchange rates. I have tried trading with those merchants with high exchange rate ads and when I discovered the fowl play there I just respected myself and stopped going after higher exchange ads because as soon as you want to initiate a transaction the ads automatically changes and someone who is not very observant may not notice it till they have initiated the transaction.

Another thing is also going after those with less percentage of trades and those that are still new in the platform with few trades. At least if you want to perform a p2p with an online merchant, let it be someone that has done a lot of trades and has positive feedbacks from people that did transactions with them previously and also they should have at least 98%.

I do tell people that Bybit might be the only best alternative for p2p in Nigeria but it's the worst that we have seen in Nigeria and I don't blame them, it's the Nigerian government that hasn't allow us chose and allow competition to exist between the other ones. Most of the p2p services are clamp down and are no longer functioning and the crazy merchants from other places like Kucoin, Okex and Gate but I'm not sure of Binance, they should be atleast discipline to constitute this nuisance.

Another thing I don't understand about this p2p is how they manage the merchants. There is a minimum deposit a merchant must put in the hands of an exchange before you can be allow to trade in p2p. When he knows he is hungry why not exit exchange and collect his money so he can eat and forget about trading but he is shamelessly begging for ₦5k to eat, joke on the exchange for allowing this to happen and there days are number.

I don't know how some people will mistake release a coin without not receiving money before releasing the coin, p2p is a dangerous thing when it comes to between the buyer and the seller, if the buyer said he has sent you your money and you didn't see the alert don't release your coin, remember you are not seeing him face to face that if something happens you can arrest him or get him to collect your money, I know that no one is above mistake but when it comes to transaction I always shine my eyes to make sure nothing come wrong between me and the buyer or the seller.

With the seeing of that image it shows that the person is a real scammer and the person need to be punish for his action because this can make the seller lose his coin if the seller is not wise enough, some people are into exchanges to scam people they are not a Real buyer and please we have to shine our eyes because if we don't take care because some people might believe and release coin.

This is just the common trick scammers use in P2P platforms to attract sellers to their ads. Most sellers in P2P platforms fall for this trick because they want to sell their bitcoin to fiat at a very high rate, but they fail to understand that those high rates in P2P platforms will cause them to possibly lose their bitcoin or delay their transactions, which they will regret opening a trade with such a rate. It is not only about being scammed in P2P trade that we should avoid high rates; we should also avoid high rates in P2P platforms because sometimes the buyer can transfer stolen fiat into your bank account, which can get you in trouble if the stolen money is being traced by the government.

But If this is the case, this is a very bad way of handling dispute about intended fraud between two Bybit customers, and by the customer service legal department, and Bybit wouldn't even tend to do anything regarding improving they way they handle legal issues, more especially now that the federal government through the CBN is hunting all this platform who are offering P2P services to Nigerians, as Bybit wouldn't even want to go extra mind protecting its clients of fraud via P2P in the Nigerian market because there are no longer much competitors left in the space, their major competitors such as  Binance, KuCoin, OkEx has left the Nigerian market.

Bybit p2p should improve abeg. I no like the same them dey operate at all. Them suppose don tighten their security based on the kind reports way them dey get concern their p2p service. If them continue like this many Nigerians go soon stop to use their p2p service afterall no be only them dey. Other exchanges still dey. E go even make sense if we fit get local decentralized exchange like the way Bisq dey for yankee.

Me I no go lie u dis thing surprise me ooo, I never even see dis kin thing before, him Dey even beg for 5k first, and why bybit self release coin when they see say d person don appeal already, Wetin come make bybit put appeal if Dey know say Dey no go fit solve any problem even if person appeal? If I Dey make use of p2p, anybody wey I see say d rate too high, i no even Dey near those people, na people wey their rate Dey almost the same I Dey use, and I Dey make sure say I check the numbers of trades wey d person don complete, I no Dey make use of all this people wey just Dey start, to avoid story that touches the heart.

Money wey dem move now no be small money ooo, if I lose that kin money for dis tinubu regime I go wan craze. Abeg make we just make sure say we Dey careful whenever we Dey use p2p, scammers full everywhere now, make we just Dey careful.

Not that she released the coins herself rather it was bybit that had to release it even while the case was under appeal. You can confirm for yourself from her statement in the image that she woke up the next day to find that her coins has been released. An error from bybit and it's very scary that bybit could act this unprofessional to be easily manipulated by a scammer who has no evidence of transaction receipt to show in proving he really sent the money to the seller.

Often times people's greed in p2p trading has resulted to the loss of their coins as they overlook the indices for uncovering potential scammer merchants in CEX's. They get lured by the high price given without checking the trading rating of the merchant. I simply don't trade with any merchant whose trade rate is below 90% because for you to attain that percentage above you must be somewhat genuine and real.

I also blame the seller in this circumstance - someone clicked paid without making payments, wrote a troll PM, and he still allowed him to dispute with fake receipts; all he could have done was dispute the trade the moment the buyer sent a "begging" message. He waited for too long.

Bybit p2p mediators are known for falling for tricks since the majority of their CS are bots.

I have had similar experience on bybit exchange some weeks ago were a vendor paid me  short of 2000  and I asked why he did not pay complete, he said for transaction charges and making it a round figure so that the bank would not suspect his account. I told him it's not possible because they already know what is obtainable and it is very bad that they have started putting up with such attitude here and I told him prompt and plain that if he does not pay my money complete I would report his account and allow the team to handle such situations.
I immediately reported his account with payment alert, conversation and everything waiting for him to complete the payment. It was almost some hours he paid up complete before I released the coin.

Sometimes they  intentionally put up such attitude to test the patience of sellers if they would release the coin for them and in most cases, sellers that are in a haste quickly release coin for them without much argument because they do not want any delay and this is the reason why they keep repeating this nonsense they do.

I did report the account though since then never came across that user there again and also that person bad review on his profile.
It's terrible seeing how the only p2p platform we are using in our turning to a scamming zone. If I will advise people it's better not to trade high amount of money like we should stay within 200k, at least for a trade of 800k-1M should be done about 5 times to be able to trade safe even though you seems not be comfortable with that amount you can still reduce the amount to be lesser.

Because it is little money, is it why you didn't feel like reporting the issue to Bybit officials? Don't you know that the scammer will like it as he has succeeded in carrying out a scam on you, he would like to do the same to the other found victim. For me, you made the mistake of not feeling like reporting him. I can't take such shit from someone playing with my intelligence, no matter how little the money is. We dig it out until you refund my money

A few weeks ago, on Bybit exchange, the P2P merchant I was trading my usdt with told me that I should leave 4k for him from the amount he was to pay me; he refused immediately, telling him he couldn't try such. He shouldn't authorized the transaction, so I will look for another P2P merchant. I asked why the begging, and he said the amount they were making from the P2P trade was not okay for them. You can imagine, I ended up leaving 1k for him, for the transaction.

Omo me I no dey gree for anybody oo especially all these exchange p2p merchants, honestly instead of them to cheat me, name go cheat them. I don get similar encounter for Kucoin some months ago, i place order to sell USDT, few minutes later, the buyer mark paid, come tell me for PM say e don pay, i check my Opay countless times but i no see money, na so I tell the guy say I no de release coin until I see money oo, after like 1 hour I no still see money, the merchant start t para say e go report me. Before e talk finish, I don first go report am ASAP. Support system tell me to submit proofs which I did, them also tell am to submit, the guy also submit e own proof, the matter dey panel for almost 1 month, na later we come discover say na for palmpay the wettest pay the money put, wey be say na Opay i clearly put. Before I come tell panel to release the coin give am.

Many of the oldies here who have migrated from one exchange to another over the years of trading cryptocurrency, have developed a sixth sense on detecting scam traders.
Am sure the person in the story, hasn't really had much experience using any exchange at all, because if he/she did, then they should know better to have confirmed from their bank if they got an alert and if possibly, check the account balance before going ahead to release the asset they intend selling off. 

Yeah, it might be a reckless approach but, you must understand that, supports works to close cases. It’s the job and I think there is a bonus or something on each issue that they get to resolve and they aren’t just subjected to tending to just a customer but, have a variety of customers to tend to as well. This makes time a luxury they don’t have.

Now, attempting a trade at an ungodly hour is demanding of everyone and that includes, the buyer/seller/support.
It’s utterly wrong to release a trade without hearing from the other party but, should the support feel the other party is deliberately silent, refusing to produce evidence and with the other party claiming to have paid, support would release trade. Besides, he’s already clicked to have made payment.

The twist here is,

Did the buyer send a payment receipt confirming:
* Stipulated amount in trade?
* Recipient account details?
* Correct Sender name and time frame?

When these are in doubt which I obviously think would be the case, support have no right to release trade. You don’t release trade based on absence of evidence when, it goes both ways.

I had a similar case where the sell marked the trade as paid and he was yet to make transfer, i immediately texted him and he said he was sorry that he was goin to make transfer later that he his network is bad but i wasn't satisfied with such an excuse so i immediately appealed it, that kept him under pressure to look around and make the transfer because if i had not appealed before he did, probably my assets would have been released to him so he later used another bank account to make the transfer so i cancel the appeal and when i confirmed the payment i den canceled the appeal, normally i make sure to confirm payments before i release coin, an i always make sure to screenshot chats so i have something to present if need be.

many persons have actually complained before now about the CSU of Bybit so its important from your end you make sure to be careful so as not to get into issues that will require their attention and they will have to take days to resold it for you. some things you should look out for before trading with anyone is their number of completed successful trades in the past few days, their rating and their feedbacks. you can also look at their terms of trade too, because some of them have got some terms that will give you a clue to how dubious they can be actually.

I understand your point but that's a very reckless attitude from Bybit exchange. I'm not supporting the victim action but the exchange should also understand the time the issue is happening and shouldn't expect someone to upkeep at that time. I ever experienced same problem at late hours and yeah I did not sleep throughout until we reach the tail of the issue but you know we can not all be the same when it comes to handling issues like this.

I was shocked when I saw their mail telling me that if I did not respond in a stipulated time, they will judge against me. That's what kept my eyes cleared and provide everything requested instantly until day break ooo  but it's wrong in all ramifications to resolve issues like this in a short time considering the amount involved. Moreover, mail should be sent notifying that in the absence of respond from you, the assets will be released to buyer in so so time. They shouldn't just release asset like that. I just hope things change quickly so we can have as many alternatives as possible because complain is getting too much about this Bybit and I'm not longer comfortable using them.

Na all these things be problem wey dey to dey deal on these exchange p2p because person fit mark paid while e be say the next person never received money and from there the person fit report or send appeal to the exchange and the person go get restricted. I believe say na wetin happened there way bybit release the coin give the person even without them receiving the alert, and na very bad experience be that. Na why we supposed shine eyes.

Truly the guy is hungry, and so he rasks out that way, he eventually knew Bybit CS will resolve the matter. That's what he usually do and it has worked for him.

Some person can help him out with even the least 2-3k sef, but the act is not good.