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Author Topic: Question about the new P2P option  (Read 54 times)
Ever-young (OP)
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October 30, 2024, 07:39:08 PM
Merited by Igebotz (1)
 #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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Charles-Tim
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October 30, 2024, 08:11:52 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.

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Igebotz
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October 30, 2024, 09:50:54 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.

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October 31, 2024, 12:50:58 AM
 #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.
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October 31, 2024, 07:12:53 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.

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