Alert: Latest P2P Scam

[Josefjix]

I've encountered so many of this scam attempts but I never fell victim of any because I have been very careful with anything p2p trading on every platform.

Bybit has the highest scam attempt than any other platforms, don't even know why, it's becoming intent from buyers to behave this way, like every trader would fall into their trap but not to some people.

The only set of sellers that'll fall into this is the seller that are in a hurry to make use of the funds, such seller will fall into this scam before learning their lesson.

[Agbe]

Guys, be vigilant while conducting a P2P transaction, no amount is too little to be scammed.

The lastest scam in town is shortpaying you in the guise of a mistake. For instance, if you order to exchange your USDT to get ₦84,000, some fraudulent guys will pay you ₦80,400 instead, and for ₦95,000, they might pay you ₦90,500. If you contact them before releasing the coin, they will cite a mistake and complete the shortfall. I never gave it much thought until it happened to me in 2 out of my last 3 P2P transactions. The last one didn't even state any reason nor apologise but later added the shortfall when I didn't release the coin, it's their pattern now.

What if you didn't pay attention? What if you were intoxicated or just being hyper? What if it's an emergency, especially medical? etc. Let's be careful!

Now, I need to say this: The ugliest and the most annoying part is that all the names that wanted to defraud me recently and those who have ever attempted to defraud me in P2P over the years are all identified with the eastern part of the country. Some of these guys had over 250,000 USDT, which means they are not poor.

What can I say, than urge them to be good ambassadors of their country.

Yeah Alot of people have experienced this kind of situation on this forum and has warn people to be more careful when dealing on p2p exchanges like finance and other reputable exchanges as this is a new so called format that people has learn to short pay people of their coins and there by making gain from what you sold to them, we should be more careful and always be at high alert when dealing with buyers especially when it comes to you releasing the coin make sure that you check through the money that has paid to you and check the amount on the exchange before releasing your coin,
But the little problem that I have with your tread is you trying to say that there are more scammers from the eastern part of the country even though am not from the East it's not a too good situation fore you to label or say that the east has more scammers, the fact is that there are scammers in every part of the country and is not limited to the east because there is not state or region of Nigeria that you can't find a scammer.

[rachael9385]

This is how the vendors from bybit does, they don't pay the sellers their complete money, they pay 98% and keep 2% to themselves. Actually I don't use the bybit to trade my coin anymore since I noticed this long time ago. However, people should just be careful when they deal on trade.

those who have ever attempted to defraud me in P2P over the years are all identified with the eastern part of the country. Some of these guys had over 250,000 USDT, which means they are not poor.

They are not poor because they have scammed a lot of people.

[Tonimez]

I've encountered so many of this scam attempts but I never fell victim of any because I have been very careful with anything p2p trading on every platform.

Bybit has the highest scam attempt than any other platforms, don't even know why, it's becoming intent from buyers to behave this way, like every trader would fall into their trap but not to some people.

The only set of sellers that'll fall into this is the seller that are in a hurry to make use of the funds, such seller will fall into this scam before learning their lesson.

I recently moved most of my assets from Bybit to bitget and it feels safer there. P2P is the major crypto scam in the crypto market. Anxiety is one key factor that exposes investors to these scammers who are ever ready to hit at every slight mistake. Guide your assets very closely and be sure before you transact. Bybit report system is poor and does little or nothing about the many reports from the victims.

I have also had a circle of like-minded investors where virtual every of my P2P activity is carried out. This allows you know who you are transacting with which also reduces risk of scams. Be smarter always and confirm every transfers before releasing your asset.

[Abu-Naim]

I recently moved most of my assets from Bybit to bitget and it feels safer there. P2P is the major crypto scam in the crypto market. Anxiety is one key factor that exposes investors to these scammers who are ever ready to hit at every slight mistake. Guide your assets very closely and be sure before you transact. Bybit report system is poor and does little or nothing about the many reports from the victims.

I have also had a circle of like-minded investors where virtual every of my P2P activity is carried out. This allows you know who you are transacting with which also reduces risk of scams. Be smarter always and confirm every transfers before releasing your asset.

I never experienced how Bybit appeal sections works, but many people are complaining that their response is poor, and from all indications, they are the main reason for any scam if any happens because they provide the lapses for the vendors to be treating customers like that because if they are taking drastic decision about the cases, most of these vendors doing all the nonsense would have been stopped immediately.
For now, we don’t have option than to be very careful with the way we did our transactions, we need to take all details serious and be sure we checked our prices before confirming our transactions.

[EarnOnVictor]

I think P2P on bybit is turning to another thing but it can also happen on any P2P platform. It is good to check the amount the person send you before releasing the coins.

Sure, everyone should widen their sensitivity while dealing with any P2P platforms, that was the gist of the OP, it mustn't be Bybit alone. But this Bybit of a thing is out of hand, and a big SHAME to the exchange for not doing anything about it. A few sanctions would have instilled fear in the minds of those guys and would dare not do it anymore.

Just yesterday, another attempt happened, another idiot wanted to scam me ₦9,000. I was supposed to be paid ₦79,900, but the guy credited me with ₦70,900.

This is how the vendors from bybit does, they don't pay the sellers their complete money, they pay 98% and keep 2% to themselves. Actually I don't use the bybit to trade my coin anymore since I noticed this long time ago.

It's not about keeping a certain percentage for themselves, but a blatant scam attempt. The last attempt you can read from above reply was even more than 10% of the money. It's a well-calculated fraud that deals with the digit manipulation.

Besides, which P2P platform do you use?

[Charles-Tim]

Just yesterday, another attempt happened, another idiot wanted to scam me ₦9,000. I was supposed to be paid ₦79,900, but the guy credited me with ₦70,900.

To avoid something like this from happening, try to sell in the amount that they can not avoid in sending the correct amount. Like instead of ₦79900, sell ₦80000 worth of bitcoin. Since I have started doing that, I did not see anyone that wanted to scam me.

But how about other people that are ignorant about this? I contacted Bybit about it but I do not think they are ready to make amends by warning these scammers. Or maybe other people should make the same complaint.

Also I have only seeing something like that on Bybit. Although, probably it can happen on other exchanges.

[EarnOnVictor]

Just yesterday, another attempt happened, another idiot wanted to scam me ₦9,000. I was supposed to be paid ₦79,900, but the guy credited me with ₦70,900.

To avoid something like this from happening, try to sell in the amount that they can not avoid in sending the correct amount. Like instead of ₦79900, sell ₦80000 worth of bitcoin.

I get you, but what I won't do is change my financial plans because of those nincompoops.

[Charles-Tim]

I get you, but what I won't do is change my financial plans because of those nincompoops.

Another option which I think is even the best is to give a bad anonymous review about the account. You do not need to give the bad review immediately after the trade for the buyer not to know you are the one that give the review. You can wait for days and then give the bad review.

This scam is happening frequently now.

[knowngunman]

This is about money. We should expect some people to try all possible means to cheat or scam with P2P.

Some people have reported on this forum on a thread that something similar is happening to them on Bybit. You will message the buyer and the buyer will tell you that  P2P is not profitable for them at the moment or something and ask you if they should send the remaining amount.

But this is kind of different and it is a complete scam as the buyer sends an amount similar to the amount of coins you wants to sell. Thinking the person will not know and that is just a scam.

Similar thing happened to me just yesterday while carrying out a transaction on Bybit P2P. The buyer paid me less of what I offered to sell deducting 1k from what he was supposed to pay me. Although, he stated it on his profile and automated message that he charges 1k for transaction but I did not notice it before I placed the order. 1k for transaction ke wey person no dey mad? No be even 50 naira or 100 naira ooo but the whole 1k. I quickly message him to cancel the order from his end because I no fit pay 1k for transaction wey suppose be free. He already paid me before he opened my message and I asked him to complete my payment. He complain of no gain in P2P but I no listen to his story ooo. I believe this is Nigeria and if gain no really dey, dem no go dey do am again but see how people dey rush am everyday. This is really called for concern before dem go make person hate P2P.

[Koadharber]

I've encountered so many of this scam attempts but I never fell victim of any because I have been very careful with anything p2p trading on every platform.

Bybit has the highest scam attempt than any other platforms, don't even know why, it's becoming intent from buyers to behave this way, like every trader would fall into their trap but not to some people.

The only set of sellers that'll fall into this is the seller that are in a hurry to make use of the funds, such seller will fall into this scam before learning their lesson.

I have only experienced 1 p2p scam and after that i do always check out on the amount before i do release and i do always check out if the funds are on my bank account or in my exchange account.
The first time i have been scammed is that i've been that getting victim on that SMS transferred and that only time i do have something to do and sees out that the amount has been transferred.
Due to tons of p2p transactions and havent experienced scams and i have deal out with someone with 900+ trades but ended up on getting scammed in the end.
This is why i do always stick with those having 99% reputation but still i dont make myself getting confident and always check the amount if it credits or not.

[EarnOnVictor]

I get you, but what I won't do is change my financial plans because of those nincompoops.

Another option which I think is even the best is to give a bad anonymous review about the account. You do not need to give the bad review immediately after the trade for the buyer not to know you are the one that give the review. You can wait for days and then give the bad review.

This is a way to go, but first, a big SHAME to Bybit on this. What didn't happen before, or rarely happened, has now become a norm in a supposedly law-abiding platform is gross. This is why it's riskier to use their global platform than those well-regulated by their countries. By now, Bybit must have been slammed with millions of dollars in sanctions for its inaction on blatant fraudulent behaviour.

As for the negative review, it's good, after all, if it's too much, the account would be rendered bad.

[Mpamaegbu]

I could have posted my experience last week but I didn't though it was a minor one but we also need to be vigilant as well because when trading on p2p some smartness need to be activated to remain untouched. Last when I traded on p2p it was meant to be 98,539 thousand Naira on bybit p2p, the guy inbox me and started to say that he mistakenly placed the buy order away higher from the market price I mean; him price dey high above everyone selling NGNusdt and for that he wouldn't pay me complete that he wouldn't mind deducting 1.5k from total payment, I was like how do you mean, he apologize to deduct such amount what I did was to asked him to cancel trade so I look for other serious trader and he refuses after much pleading I decided to let him pay 98.000 instead of 98.539. He now took 539 naria from me. Now I have mark people with low trading volume a no go zone.

Where una dey from get all these mad people for exchanges sef? I neva jam any craze like dat b4. If I eva get anybodi like dat, na to ignore any plea bc I know sey na pattern of scam e go be to beg their way out of it. D merchant go either use im hand cancel am or allow am go through. And once d deal is over, na to go give am negative review to warn others.

Wan time like dat, wan buyer mark sey im don pay me. Cash I nor see. I waited for over 5mins I nor see money. I com realize d plan and na so I chat d buyer up to let him know sey I sabi dat game wey im wan play. D dude denied sey na network glitch. Later wen d cash showed, I released coin to am but gave him negative rating. Na so d dude begin beg. Wetin save am na d receipt wey him upload to show sey true true d thing nor go through. I come remove d review but blocked him.

[Rgram]

Guys, be vigilant while conducting a P2P transaction, no amount is too little to be scammed.

The lastest scam in town is shortpaying you in the guise of a mistake. For instance, if you order to exchange your USDT to get ₦84,000, some fraudulent guys will pay you ₦80,400 instead, and for ₦95,000, they might pay you ₦90,500. If you contact them before releasing the coin, they will cite a mistake and complete the shortfall. I never gave it much thought until it happened to me in 2 out of my last 3 P2P transactions. The last one didn't even state any reason nor apologise but later added the shortfall when I didn't release the coin, it's their pattern now.

What if you didn't pay attention? What if you were intoxicated or just being hyper? What if it's an emergency, especially medical? etc. Let's be careful!

Now, I need to say this: The ugliest and the most annoying part is that all the names that wanted to defraud me recently and those who have ever attempted to defraud me in P2P over the years are all identified with the eastern part of the country. Some of these guys had over 250,000 USDT, which means they are not poor.

What can I say, than urge them to be good ambassadors of their country.

Anything that has money involved should be threaded with caution, especially when E come for stuffs like this because na one or two crypto scams in the past been help contribute to the banning previously as well, so long it involves money people would always try to steal a little no matter how small..

Talking about most of them coming from the East as well I wouldn’t be surprised..this whole yahoo and scam thing blew up esp when these guys started buying cars and spraying money with a touch of dorime..being vigilant so that them no go carry your money do dorime go be good thing to your portfolio..

[EarnOnVictor]

Where una dey from get all these mad people for exchanges sef? I neva jam any craze like dat b4. If I eva get anybodi like dat, na to ignore any plea bc I know sey na pattern of scam e go be to beg their way out of it.

Perhaps you don't use Bybit's P2P, or you don't exchange frequently, or again, you exchanged only round digits with 000, otherwise, one or two sellers should have tried it on you. In my last 7 Bybit exchanges, I think it has happened to me at least 4-5 times. I can't remember correctly.

I never experienced how Bybit appeal sections works, but many people are complaining that their response is poor

If there's anything that can be used to qualify their appeal that is more damning than poorest, that's the right word to use for it. Bybit doesn't care about anyone but their pocket and it shows in the way they handle sensitive issues, including fraud and attempted fraud cases.

I recently moved most of my assets from Bybit to bitget and it feels safer there.

I can't blame anyone for doing that, even though I don't feel safe with any CEX, I am just managing them and also ensuring that I transact small amounts of money with them. Bybit's P2P rates are also higher than Bitget's.

[Showlove01]

Just yesterday, another attempt happened, another idiot wanted to scam me ₦9,000. I was supposed to be paid ₦79,900, but the guy credited me with ₦70,900.

To avoid something like this from happening, try to sell in the amount that they can not avoid in sending the correct amount. Like instead of ₦79900, sell ₦80000 worth of bitcoin.

I get you, but what I won't do is change my financial plans because of those nincompoops.

This is becoming alarming, but thank God we are not ignorant of that fact, like we are aware and we should be more careful or always be careful when trading our coin because it appears Bybit is not doing anything about this and it is really annoying to trade let say, you are suppose to receive 75000 naira and someone is sending you 55000 naira, with the intention to scam..., I mean this is really crazy. And anyone that haven't had this experience or haven't come across this thread before there is every chance of them falling prey. And if Bybit doesn't do something about it they will lose customers definitely.

[Mayor of ogba]

I thought I was the only one who had experienced this in P2P trade, but since you have also experienced this, it is now clear that those merchants who are fond of short-paying traders in P2P trade are intentionally doing it so that any trader who doesn't detect the short payment will just release his or her asset. Since this type of scam is now common, anyone making use of P2P trade should always check his or her payment very well to be sure that it is the same amount of money he or she ordered in P2P trade that he or she received in his or her personal bank account before releasing his or her asset to avoid being scammed.

[Sticky Bomb]

Just yesterday, another attempt happened, another idiot wanted to scam me ₦9,000. I was supposed to be paid ₦79,900, but the guy credited me with ₦70,900.

To avoid something like this from happening, try to sell in the amount that they can not avoid in sending the correct amount. Like instead of ₦79900, sell ₦80000 worth of bitcoin.

I get you, but what I won't do is change my financial plans because of those nincompoops.

This is becoming alarming, but thank God we are not ignorant of that fact, like we are aware and we should be more careful or always be careful when trading our coin because it appears Bybit is not doing anything about this and it is really annoying to trade let say, you are suppose to receive 75000 naira and someone is sending you 55000 naira, with the intention to scam..., I mean this is really crazy. And anyone that haven't had this experience or haven't come across this thread before there is every chance of them falling prey. And if Bybit doesn't do something about it they will lose customers definitely.

Everyone dealing with a vendor needs to be extra careful, some scammers have now positioned themselves as P2P vendors and constantly tries their best to defraud unsuspecting individuals. The crypto space is huge and porous. Scammers are advancing in their tactics everyday and the least we can do is to remain vigilant. I've encountered such criminal behavior in the past and I didn't waste time to rate him negative and gave reason, although I read a better approach suggested by Charles-Tim about leaving the order and returning few days after to give the negative feedback which would still appear anonymously to the vendor to avoid getting a reprisal negative feedback from the vendor.

[Africolo]

I thought I was the only one who had experienced this in P2P trade, but since you have also experienced this, it is now clear that those merchants who are fond of short-paying traders in P2P trade are intentionally doing it so that any trader who doesn't detect the short payment will just release his or her asset. Since this type of scam is now common, anyone making use of P2P trade should always check his or her payment very well to be sure that it is the same amount of money he or she ordered in P2P trade that he or she received in his or her personal bank account before releasing his or her asset to avoid being scammed.

The space is broad enough, we should be always careful in dealing with P2P sector because one wrong move will definitely change everything for us. P2P merchants are doing their best to fill in the complaints and serve their clients to the fullest of their capacity. But note, there are also scammers in P2P. The earlier we know the crucial routes in the P2P sector, the better for us. What's our goal in the system? We calmly make our research about P2P then we make adjustable means to serve our very own taste.