Topic: Trade your BTC/NGN, USDT/NGN - page 3. (Read 709 times)

Op I'm not quite clear with the project you are trying bro pull up. Are you trying to stand as a mediator to p2p transaction between member of this forum to ensure transparency?
Are you going to be taking commissions from successful trades?
What are the odds that a reputable member's account won't get hacked and used to scam  another person? And if this happens how can it be resolved?

I feel we should also consider questions like this before running into such transactions. I believe this is a public forum and any one can just create account and hunt  merit while he still uses the account for scam, these days scammer are becoming more patient and sacrificial. When talking about any thing that has monetary value experience has taught me to conduct only trusted and physical(knowing each other) business I don't know about the risk tolerance of others but I prefer an anonymous trade with a  trusted user.

Thank you for coming up with P2P trade on our local board since the government is delisting the trade of NGN in P2P trade. This initiative will play a major role if the government succeeds with its plan of taking out the trade of NGN on all P2P trade platforms. But to ensure 100% transparency in this P2P trade, digital transactions should be done on chain so that the buyer and the seller will not alter the transaction. We can also check the transaction with the transaction hash to know if the seller sent the agreed amount to the buyer. It will help stop members from getting their accounts tagged wrongly because some newbies might find it hard to access their funds on a centralized exchange when they have received payments. Because of the high ETH gas fee, I think it should be removed to trade against NGN so that members will not have to cover many fees when trading NGN against ETH, which will allow us to maintain on chain transactions.

That's a welcome idea because this method could actually work out very well because anybody who fails to comply after receiving payments will be putting his or her account at risk, however one of the things I like about this method is that those who doesn't have an idea on how to exchange or convert to naira will find it very easy to do so. Also in addition to the above listed information I think there should be some sorts of limitations or margin, as such that any member who is not currently working with any campaign or doesn't have a proof to show that he has the funds should be disallowed unless he or she has a guarantor, somebody that would prove that he can fulfill his end up bargain after receiving.

However reasoning all this on different perspective, for now the exchange may actually not gonna work because the buyer may not like to pay all the fees that would be involved during the exchange, so perhaps they would actually like to stick with there normal exchanges since there are so many exchanges that are currently working properly and doesn't charge them too much fee during the conversion. So actually the only way this your ideas will actually work properly is when there are no more exchanges left then people will be left with no option but to consider it.

Reserve

Reserve

After the much pressure from government delisting NGN from most of the centralized exchanges causing many of us to face serious difficulties to convert our digital assets to Nigerian Naira, I have been moved to create this topic for everyone to easily sell and buy without being worried over the exchange that offers p2p trade anymore.

Here I will give some basic rules that would governed us while trading.

• For newbie who wants to sell or buy any digital asset you must first initial transaction before the other person could release s/he's fund to you
• In the case of newbie/newbies deals you both must consult me or anyone whom you think that is of higher rank, inclusively Hero to Legendary only to stand as escrow for the transaction
• Must post screenshots blurring your real name if you cared about not revealing identity
• If your digital asset is in exchange and you want to trade NGN, someone who has same exchange account will likely trade with you to reduce fee, that exchange to exchange transaction while receiver sends you NGN after confirmation
• Anyone can post their request here, for example; you need BTC, the next person needs Ethereum anyone who is available can take up the details provided s/he replied here.
• Do not accept deal from newbie in pm, all deal has to be open except for reputable members who are trusted
• While sending Naira to the buyer you must not include any crypto word. Preferably to be blank or for those who their banks made it mandatory to include narration you can just use "pay".
• No telegram deal, all deal are made here for transparency
• All cryptocurrency are welcomed to be accepted if only you see the buyer here who wants to buy or sell, but keep in mind no shitcoin will be place here.

How to trade Here ( you will select your trading pair to post just as I have shown below)

• I need BTC to Pay NGN
• I need NGN to Pay btc
• I need ETH to pay NGN
• I NGN to Pay ETH
• I need NGN to Matic
• I need TRX to Pay NGN
• I need NGN to Pay TRX

Side note: For trading that involves BTC from external wallet the seller has to pay for the withdrawal fees.

Exclusion

Do not accept trade from Red trust users, except their case aren't serious, even if you must do make sure such person initiate his transaction first before you release the requested asset to them.

Any violation leads to several tags from DT members, I will also contact some foreigner to tag the account for scamming.

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If you think there is something we need to add or removed from this post your suggestion are welcomed I will be open to readjusted after considerations.
My sole purpose is to help ourselves to solve some problems, we may not know the next centralized exchange p2p platform to be attacked by government.