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Author Topic: Watin go happen when all exchanges finally remove Nigeria p2p from Dem app?  (Read 335 times)
Hatchy (OP)
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July 19, 2024, 06:09:51 PM
 #1

Well as Una see d question for the title, I don dey ask myself dis question for a long time now. That time when binance first do Dem own, e no really matter as we still get many other options wey full ground to use run p2p. But now just few na e remain (bybit) Huh Sha dis one no supposed be something wey we as forum members go fear like that as normal normal, update go drop for here. But then, what about our naija people out there? Especially those new ones wey don rush go dey buy crypto because of all these small small airdrop wey just full every where. Dem fit no get idea on how to convert Dem money and come dey panic any how. I dey here say telegram get p2p. But then how do we trust those merchant wey dey there?

R


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July 19, 2024, 06:24:59 PM
Merited by DiMarxist (3), CryptopreneurBrainboss (1)
 #2

Well as Una see d question for the title, I don dey ask myself dis question for a long time now. That time when binance first do Dem own, e no really matter as we still get many other options wey full ground to use run p2p. But now just few na e remain (bybit) Huh Sha dis one no supposed be something wey we as forum members go fear like that as normal normal, update go drop for here. But then, what about our naija people out there? Especially those new ones wey don rush go dey buy crypto because of all these small small airdrop wey just full every where. Dem fit no get idea on how to convert Dem money and come dey panic any how. I dey here say telegram get p2p. But then how do we trust those merchant wey dey there?
If government shut down all exchanges, na Telegram na e traders go switch over to because currently p2p trade dey available for Telegram even though we know say their exchange rate dey cheap but by then we no go get option because na only them fit sure pass that time.

I believe say no be every trader for a platform go be scammer some legit ones go dey, so if you trade with any legit one and your p2p transaction goes well, na to save e phone number so that whenever you won do p2p trade, you go call am and trade with am to avoid meeting another scammer.

I hear say back days those early crypto adopters for Naija get watsapp group wey them dey use for p2p trade but scam still dey that one too. Infact nothing wey scammers no dey involve as long as na money issue. So no think too much wait till that time come and we go cross the bridge make you no go dey over think for something wey fit no come to pass.

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July 19, 2024, 07:54:28 PM
 #3

Well as Una see d question for the title, I don dey ask myself dis question for a long time now. That time when binance first do Dem own, e no really matter as we still get many other options wey full ground to use run p2p. But now just few na e remain (bybit) Huh Sha dis one no supposed be something wey we as forum members go fear like that as normal normal, update go drop for here. But then, what about our naija people out there? Especially those new ones wey don rush go dey buy crypto because of all these small small airdrop wey just full every where. Dem fit no get idea on how to convert Dem money and come dey panic any how. I dey here say telegram get p2p. But then how do we trust those merchant wey dey there?
There are Non-kyc exchanges and local vendors around us that we can use and about the newbies in the crypto space joining through airdrop, this is just how many of us came to the crypto space but as times goes by, if they're ready to Learn then they will just be able to remain and grow in the crypto space and this time knowing the truth is much easier than our time, there are many others sharing the truth about the crypto space online and even in the social media this positive growth is now coming up.

Well as Una see d question for the title, I don dey ask myself dis question for a long time now. That time when binance first do Dem own, e no really matter as we still get many other options wey full ground to use run p2p. But now just few na e remain (bybit) Huh Sha dis one no supposed be something wey we as forum members go fear like that as normal normal, update go drop for here. But then, what about our naija people out there? Especially those new ones wey don rush go dey buy crypto because of all these small small airdrop wey just full every where. Dem fit no get idea on how to convert Dem money and come dey panic any how. I dey here say telegram get p2p. But then how do we trust those merchant wey dey there?
If government shut down all exchanges, na Telegram na e traders go switch over to because currently p2p trade dey available for Telegram even though we know say their exchange rate dey cheap but by then we no go get option because na only them fit sure pass that time.
I will avoid anything that will make me have any financial contacts with Telegram, that's a den of scammers.


I believe say no be every trader for a platform go be scammer some legit ones go dey, so if you trade with any legit one and your p2p transaction goes well, na to save e phone number so that whenever you won do p2p trade, you go call am and trade with am to avoid meeting another scammer.

I hear say back days those early crypto adopters for Naija get watsapp group wey them dey use for p2p trade but scam still dey that one too. Infact nothing wey scammers no dey involve as long as na money issue. So no think too much wait till that time come and we go cross the bridge make you no go dey over think for something wey fit no come to pass.
Actually about this I won't consider p2p with strangers, if not for CEX p2p, I will rather use local vendors I'm aware of or I can track because someone might just be legit but when they you're doing a big transaction with them, greed might just engulfed them and they will run with your money since they know you can't trace them.

R


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July 19, 2024, 08:17:06 PM
 #4

As Bybit never delist Naira from their platform, i believe say dem no go delist am, maybe they have found a way to cooperate with our government, wey we no know. Though even if our government manages to force every centralized exchange to delist Naira from their platform, then we no get any choice but to fall back to local vendors, remember say before Binance p2p come dey popular for Naija, na local vendors wey plenty people been dey use, but e dey more risky anyway.

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July 19, 2024, 08:32:26 PM
Merited by Pi-network314159 (2), Barikui1 (2), Cryptomultiplier (1)
 #5

As Bybit never delist Naira from their platform, i believe say dem no go delist am, maybe they have found a way to cooperate with our government, wey we no know. ,
I'm not sure although they seem to be calm but I think government is tackling them one by one just let's see their next move...
The elimination of the third party might not be very perfect but there's always a choice, the centralised exchange are playing important role as third party to secure funds between buyers and sellers  which will make it not easy for any party to scam each other but without them finding a trusted vendor which you know will be better and not just a random vendor who will still likely to scam you on a huge transaction.

R


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July 19, 2024, 09:11:47 PM
 #6

Communication matters a lot i this case and also don't forget that information spreads out easily. One thing ah done know about naija be say if something happen before you wake up almost everybody for the world done know about am. So if something like wetin you talk happen. Then people likeus wey get solution go help others wey need am and before you know more people go done need our help and we fit teach more people wey go help others as well. I just believe say solution go they when e come that time. I fit remember how many persons wey i trade when Notcoin pay. Even if i was not a partaker of the airdrop i had a lot of Notcoin i trade on my exchange.

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July 19, 2024, 09:15:18 PM
Merited by CryptopreneurBrainboss (1)
 #7

Well as Una see d question for the title, I don dey ask myself dis question for a long time now. That time when binance first do Dem own, e no really matter as we still get many other options wey full ground to use run p2p. But now just few na e remain (bybit) Huh Sha dis one no supposed be something wey we as forum members go fear like that as normal normal, update go drop for here. But then, what about our naija people out there? Especially those new ones wey don rush go dey buy crypto because of all these small small airdrop wey just full every where. Dem fit no get idea on how to convert Dem money and come dey panic any how. I dey here say telegram get p2p. But then how do we trust those merchant wey dey there?

Don't worry about Nigerians because we always find a way out of every challenge more especially those related to the Internet so even if all exchanges delist the naira from their p2p platform, most Nigerians can decide to convert their assets to other countries currency and still exchange it in banks with the Naira so Nigerians don grow pass threats and moreover as the Nigerian government clamped down some exchanges from performing p2p transactions for Nigerians, didn't they move over to other exchange platforms? We have passed that time when government decisions affects everyone in the country because with how technology has made things so easy for mankind now, everything looks possible even when others feels there's no possibility. Nigerians will always find an escape root in any situation they find themselves.

Telegram p2p platform is not to be trusted because security of one's assets is not too guaranteed and moreover, scammers uses telegram to scam people and defraud them of their assets so I don't like the idea of using telegram p2p platform to make exchanges to naira.

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July 19, 2024, 10:08:15 PM
 #8

But then, what about our naija people out there? Especially those new ones wey don rush go dey buy crypto because of all these small small airdrop wey just full every where. Dem fit no get idea on how to convert Dem money and come dey panic any how. I dey here say telegram get p2p. But then how do we trust those merchant wey dey there?
This is the right question to ask. In my small crypto circle of friends, we have discussed this. There is always a "What-if". And we cannot act as if that is probability of the "what-ifs" becoming a reality is not significant. Tomorrow, ByBit could exit the country. In my own estimation, the country, I mean the people have become crypto conscious thanks to the likes of tapswap. If things go south like they tend to do, whoever introduce you come crypto na him go show you road how to take convert am if na one the person one do. Many methods dey to take do am. And if nobody carry the new person come, well the way way him take research to enter, him go still use am do him research on wetin to do next.

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July 19, 2024, 10:48:52 PM
 #9

OP I will say you shouldn't be this fast to judge, my people say when a door is been closed another is be opened so as of all this exchanges wey dey close there p2p na him be say another option most dey, I gust the government are trying very thing in their powers to stop crypto transactions in Nigeria but God pass them.

Telegram p2p no be something were person fit put him mind ohh for now because smammers where full that app no be small, every day by days people are constantly complaining of be scammed through that app, about the newbie who are airdroping I gust when dey want to make any transaction their should better go do little research and learn about what to in other not to get scammed.

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July 19, 2024, 10:58:31 PM
 #10

This kind of thing for be problem back in the day but I sure say e no go be very big problem right now because everything except you can do on a CEX except for P2p is available in decentralized applications. For spot, you can use DEXes and for perpetuals, there are a couple of good ones currently like HyperLiquid and others. Back then, we didn't have any of the innovations we have right now and as such, we won't feel the impact too much and I strongly doubt that all exchanges will follow the path that OKX has taken to completely discontinue services for Nigerian folks.

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July 20, 2024, 07:34:57 AM
 #11

If government shut down all exchanges, na Telegram na e traders go switch over to because currently p2p trade dey available for Telegram even though we know say their exchange rate dey cheap but by then we no go get option because na only them fit sure pass that time.

Telegram matter dey fear me because scammers full there, since when dey scam me I dey fear to accept any info wey I see for any group wey I no sabi, no say even for exchanges wey we dey use scammers dey too but the daily warning wey they dey give they guide us well, I just pray make we get better means way we go dey transact comfortably.

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I believe say no be every trader for a platform go be scammer some legit ones go dey, so if you trade with any legit one and your p2p transaction goes well, na to save e phone number so that whenever you won do p2p trade, you go call am and trade with am to avoid meeting another scammer.
Legit go surely dey, the main thing be say how we go take recognise am na em be problem, but sha we wey dey forum e go dey easy for us because way sure for us but people outside forum go suffer am because most of them joined crypto new and dey no sabi any thing, especially during the airdrop of a thing at least e create more awareness for many people to know crypto.

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I hear say back days those early crypto adopters for Naija get watsapp group wey them dey use for p2p trade but scam still dey that one too. Infact nothing wey scammers no dey involve as long as na money issue. So no think too much wait till that time come and we go cross the bridge make you no go dey over think for something wey fit no come to pass.
I been dey hear say what'sup group dey but I never come across am before but if e happen way most dey, groups will start coming up, but during the period we go need to be careful because even the bad ones will show up too.

R


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July 20, 2024, 12:14:17 PM
 #12

Well as Una see d question for the title, I don dey ask myself dis question for a long time now. That time when binance first do Dem own, e no really matter as we still get many other options wey full ground to use run p2p. But now just few na e remain (bybit) Huh Sha dis one no supposed be something wey we as forum members go fear like that as normal normal, update go drop for here. But then, what about our naija people out there? Especially those new ones wey don rush go dey buy crypto because of all these small small airdrop wey just full every where. Dem fit no get idea on how to convert Dem money and come dey panic any how. I dey here say telegram get p2p. But then how do we trust those merchant wey dey there?

The need of naira from our local merchants such as the retailers and local vendors would be the only problem if not we can always transact bitcoin directly on the decentralized exchanges.
By so doing, we're exempting exchange of bitcoin to naira at the course so, the p2p would just be transactions of paying your bills with bitcoin.
Another challenge we'd face is the transaction fees which would be too high for even when making little amount of transactions.

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July 20, 2024, 12:15:17 PM
 #13

Well as Una see d question for the title, I don dey ask myself dis question for a long time now. That time when binance first do Dem own, e no really matter as we still get many other options wey full ground to use run p2p. But now just few na e remain (bybit) Huh Sha dis one no supposed be something wey we as forum members go fear like that as normal normal, update go drop for here. But then, what about our naija people out there? Especially those new ones wey don rush go dey buy crypto because of all these small small airdrop wey just full every where. Dem fit no get idea on how to convert Dem money and come dey panic any how. I dey here say telegram get p2p. But then how do we trust those merchant wey dey there?
P2P na serious matter for inside crypto transactions for Nigeria, now because na through exchanges most people de do am. Now wey most reputable exchanges don shut down dem naira p2p services, if di remaining ones join dem, na im be say scams go de on di increase. Except for trusted people wey you know one on one or di people wey come very highly recommended, you go de risk your coins to do p2p with people wey you no know dem reputations, dis na di reason wey exchanges take de popular.

Anyway naija people no de carry last, anything wey no get head we go find better head put am. If all di beta exchanges remove dem naira p2p, I sure say many reputable members for our board go de run vendor and escrow services, so e no go too affect us. But for many Nigerians wey no know reliable people or platforms to run dem p2p transactions with, dem go de vulnerable to scammers.

R


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July 20, 2024, 12:31:10 PM
 #14

I no believe say government go fit stop all exchanges from offering p2p services in Nigeria because no be today them done dey try to stop am yet e no dey work. Platforms like Remitano dey the game since and them no dey reason our government one minute. Na only all these big exchange them go panic untop our government because na that p2p service be wetin dey sustain platforms like Remitano, Luno and the likes. Na them go be the last people wey go close their business especially when them know say them fit escape all the government traps.

If government manage stop p2p exchanges, we go back to how we been dey do am which is using trusted agents. I still get agents I been buy my first bitcoin from. Them plenty and are reliable, all though scammers dey too o, so one gat shine eyes make him no lose guard.

Well as Una see d question for the title, I don dey ask myself dis question for a long time now. That time when binance first do Dem own, e no really matter as we still get many other options wey full ground to use run p2p. But now just few na e remain (bybit) Huh Sha dis one no supposed be something wey we as forum members go fear like that as normal normal, update go drop for here. But then, what about our naija people out there? Especially those new ones wey don rush go dey buy crypto because of all these small small airdrop wey just full every where. Dem fit no get idea on how to convert Dem money and come dey panic any how. I dey here say telegram get p2p. But then how do we trust those merchant wey dey there?
If government shut down all exchanges, na Telegram na e traders go switch over to because currently p2p trade dey available for Telegram even though we know say their exchange rate dey cheap but by then we no go get option because na only them fit sure pass that time.

I believe say no be every trader for a platform go be scammer some legit ones go dey, so if you trade with any legit one and your p2p transaction goes well, na to save e phone number so that whenever you won do p2p trade, you go call am and trade with am to avoid meeting another scammer.
Me I never try this Telegram p2p before and afraid no go let me try am as e be say I still get CEX wey dey offer p2p services. Until them eliminate all the CEX wey dey offer p2p services, I go still dey use them because them dey better for settling matters arising.


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July 20, 2024, 07:26:52 PM
 #15

Well as Una see d question for the title, I don dey ask myself dis question for a long time now. That time when binance first do Dem own, e no really matter as we still get many other options wey full ground to use run p2p. But now just few na e remain (bybit) Huh Sha dis one no supposed be something wey we as forum members go fear like that as normal normal, update go drop for here. But then, what about our naija people out there? Especially those new ones wey don rush go dey buy crypto because of all these small small airdrop wey just full every where. Dem fit no get idea on how to convert Dem money and come dey panic any how. I dey here say telegram get p2p. But then how do we trust those merchant wey dey there?
Telegram p2p rate too Dey extremely poor as compared to other exchanges but the option be at all at all make we still see something than to loss all.
Away from that, if all p2p finally comot Nigeria for their market, one major danger wey I know say go follow this matter na the fact say the rate of scam go increase badly just like the early days wey people been Dey trade through private vendors and WhatsApp vendors and one sweet thing on out our country and its citizens be say, we sabi adapt and na why whatever them impose on us, we no Dey too reason am but rather we go begin seek ways to adapt to am.


Telegram p2p no be something were person fit put him mind ohh for now because smammers where full that app no be small, every day by days people are constantly complaining of be scammed through that app, about the newbie who are airdroping I gust when dey want to make any transaction their should better go do little research and learn about what to in other not to get scammed.

I know say generally na scammers full telegram but I no think say that’s same case with their exchange because I been visit their exchange of recent and it seems them no even get much vendors which means say the management fit easily regulate the few vendors them get

R


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July 21, 2024, 01:35:00 PM
 #16

OP I will say you shouldn't be this fast to judge, my people say when a door is been closed another is be opened so as of all this exchanges wey dey close there p2p na him be say another option most dey, I gust the government are trying very thing in their powers to stop crypto transactions in Nigeria but God pass them.

Telegram p2p no be something were person fit put him mind ohh for now because smammers where full that app no be small, every day by days people are constantly complaining of be scammed through that app, about the newbie who are airdroping I gust when dey want to make any transaction their should better go do little research and learn about what to in other not to get scammed.

  I no dey think am bcos dem no go fit close all, na big ,big exchange dem they target, wen Binance stop the p2p dem think say e go stop cryptocurrency transaction,  Okx join too, boys still dey trade na exchange wey stop p2p with Nigerians go lose, because for Africa na Naija be top when e concern cryptocurrency transaction. Imagine losing naija e go worrybthe exchange. Make no body think of the telegram 2p2, if you no get option them go back to old method of trading with agent in your neighbourhood. Omo mk pepsin no stress him head, way plenty naija boys no dey sleep we go sort out sef out when de time come.
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July 21, 2024, 03:23:30 PM
Last edit: July 21, 2024, 03:35:32 PM by Samlucky O
 #17

Well as Una see d question for the title, I don dey ask myself dis question for a long time now. That time when binance first do Dem own, e no really matter as we still get many other options wey full ground to use run p2p. But now just few na e remain (bybit) Huh Sha dis one no supposed be something wey we as forum members go fear like that as normal normal, update go drop for here. But then, what about our naija people out there? Especially those new ones wey don rush go dey buy crypto because of all these small small airdrop wey just full every where. Dem fit no get idea on how to convert Dem money and come dey panic any how. I dey here say telegram get p2p. But then how do we trust those merchant wey dey there?
Me I believe say Naija government no fit stop or delist all Nigerian from P2P exchange, because E go affect them too because most of our politicians they into cryptocurrency and dem no go like all exchange to shutdown. the highest thing dem fit do na just to add tax to am just as dem plan to bargain with kucoin wey dem never implement yet and other exchanges. Because if na wettin dey possible by now this bybit and bitget dem for don shut am down also. So weting no dey possible no dey posible atoll , if by chance dem delist every exchange from P2P atleast this telegram P2P wey people dey use now Naim go be the alternative or better still we get Nigerians wey dey abroad wey dey into cryptocurrency trading with P2P we fit negotiate to send them coin to the exchange for abroad make them help us exchange am to their residence country currency then send am to us through fiat. Or I fit no mind go Ghana or any African neighbouring country go do their national Identity card use am verified new binance account also open bank account with them come back Nigeria come dey use am. den remove 2fa authentication from phone number den use only Gmail. Anytime wey I received bitcoin or any coin for that my foreign wallet I fit convert am to fiat from my foreign opay account den i fit send am to my local Nigeria account that's all. I no no how possible this idea go dey because I never try am but I believe say Naim be the best way.

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July 21, 2024, 05:01:05 PM
 #18

If government shut down all exchanges, na Telegram na e traders go switch over to because currently p2p trade dey available for Telegram even though we know say their exchange rate dey cheap but by then we no go get option because na only them fit sure pass that time.

I believe say no be every trader for a platform go be scammer some legit ones go dey, so if you trade with any legit one and your p2p transaction goes well, na to save e phone number so that whenever you won do p2p trade, you go call am and trade with am to avoid meeting another scammer.

I hear say back days those early crypto adopters for Naija get watsapp group wey them dey use for p2p trade but scam still dey that one too. Infact nothing wey scammers no dey involve as long as na money issue. So no think too much wait till that time come and we go cross the bridge make you no go dey over think for something wey fit no come to pass.

People will get options everywhere they can and I know telegram is going to be a very brilliant alternative but the problem now is how safe is it going to be because the major challenges people still face when trading p2p is trust because telegram been the third part is not enough to me. I know their will be the once that will be trust worthy and am also very sure that in this forum their will be people that will come up with rendering p2p service in this local board. We are waiting for the next action that the government will take since they are planning to temper with the crypto space.

I also hope people will not misuse that privilege and want to scam people but am sure anyone caught will face a legal action and I feel their, should be measures put in place when it comes doing p2p. But if it is in this forum I don’t have any fear because one of the high ranks or even the moderator can be. And that way the issue of scam can be avoided. And when you have a trusted vendor just like you said you can always call to sell or buy when that level of trust is built already. The outcome what ever decision that the government makes will determine what part we are going to take.

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Obim34
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July 21, 2024, 09:39:01 PM
 #19

Nothing much we can do, if the government should paradventure tackle down the exchange currently offering the P2P service then we only get to find alternatives. We can't completely shutdown our individual pair trades because the government closed all exchanges. Untill then before anything happens, let me keep on enjoying easy usage on these exchanges, waiting till the government decides to return back further exchanges because I believe they are sooner getting into consideration.

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HajiBagi
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July 23, 2024, 08:10:36 PM
 #20

Well as Una see d question for the title, I don dey ask myself dis question for a long time now. That time when binance first do Dem own, e no really matter as we still get many other options wey full ground to use run p2p. But now just few na e remain (bybit) Huh Sha dis one no supposed be something wey we as forum members go fear like that as normal normal, update go drop for here. But then, what about our naija people out there? Especially those new ones wey don rush go dey buy crypto because of all these small small airdrop wey just full every where. Dem fit no get idea on how to convert Dem money and come dey panic any how. I dey here say telegram get p2p. But then how do we trust those merchant wey dey there?

To be honest, E no go funny if federal government ban all the p2p app wey remain we Dey manage for Naija, although many options Dey wey be say we go Dey follow small small because no matter how them try to stop am it can never stop cryptocurrency for Naija but it will not Dey easy as it is before, we all don master with the one wey be say we go just enter app do waiting we wan do sharp sharp without any stress, but why be say na tinubu regime all this things wan come stop? Why them wan stop am, Abi na waiting they make things worse for Nigeria be that ? Because me I no understand waiting this government Dey try tell us about cryptocurrency for Nigeria.

This thing start now no be today and many government come sit and they do their time and go without having problem with anybody but this current government now own Dey different, no matter how them try to ban all the app we go still get another way to do things and things, but it sha go touch us small because charges go too much for another way wey no be app way, by god grace government will never see us because no be the one wey be say person no go give us job and still want to block way wey we Dey use chop.

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