Topic: When selling in P2p make sure you send from bank account associated to your CEX. - page 2. (Read 257 times)

Ironically if CBN actually support cryptocurrencies activities, then his friend may have been able to lay complaints to his bank, but sigh we just have to be careful not make any silly mistakes that's against p2p marketplace rule.

Another mistake he made was the fact that he didn't tell/agree with the seller on the account name from which he would be using to send the money, in the chat room which though is still against the exchange p2p policy but at least the exchange services would have seen the agreement when dispute was raised and probably released the coin

These exchanges normally restricts a third party interference, basically according to the exchange standings the vendor is clear off the matter since there has been strict warnings already but judging from human morals if there has been some literal discussion between the buyer and seller then what the vendor is doing is extreme wickedness.

There could be way out, first the buyer should get a screenshot of their chats, and most vendors leaves their contact information available, with some of this information maybe they can get a track down and settle the case.

At this stage, only the seller can assist him; paying through a third party is discouraged because not all vendors accept it for security reasons.If the vendor is not interested, his best option is to return the money, but not everyone has such a heart. If the transaction is disputed, the p2p mediator is likely to cancel the trade and suspend your brother's account. Sending or receiving payments in a third-party account is prohibited in P2P marketplace.

If the money is a stolen funds, the seller is already leaked to the crime - your brother broke the rules and should deal with it.

Edit: Charles-Tim beat me to it...

Sorry to him for the inconvenience or what he sees as disappointment. But it is not actually wickedness some people will see it as. Some people will see it as a lesson learnt. On the exchanges, they make it seen somewhere that traders should use their own bank account with the warning that the person may lose his coin if he use a different account details.

If no evidence that your friend paid, it is possible that the order would be cancelled. Which means that the coin would be given back to the seller while the seller also gained your friend's money.

It is better we should adhere to the rules of P2P.

A wonderful half of the year to everyone here. Today I decided to share this issue here, maybe it has been talked about before and a lot of us know about it, but people are still making mistakes which I was surprised to be aware of that is why I deem it necessary to remind us to not make such mistakes.

Yesterday a brother of ours called me that he has been in some big issues with the support and a user he was undergoing P2P with. He said he placed an order to buy 500 USDT and the bank account which he had the money was not his own as his mobile wallet account has a limit to the amount, he can send so he sent the money using a friend account. As such he notified the seller that he had paid. Of course, the seller saw the money and decided to not release the asset because it was a different account that is not connected to the exchange. He kept sending messages to the seller, but he refused and now he had filed an appeal, and the seller has proof that no money from the account connected in exchange was sent to him.

We can see how people are intentionally wicked so we should avoid making mistakes like this. Our bank account we are using to send or receive should be the same name on once added to our exchange so that i situation like this we can have solid proof.

My question is what do you think the brother should do now? as after 48hrs they may cancel the order as unsuccessful trad. Will the asset be returned to the seller?