E get any risk if person dey always trade with one P2P merchant for inside excha

[Davidvictorson]

Wetin fit be the possible dangers of doing P2P transactions with only one merchant for these centralized exchanges wey still dey function like ByBit, Remitano and the others? I dey curious because aside say one or two small price difference in kobo, e get any danger? Now, nor be say the transactions dey happen out side of the platform, e fit be say once you don trade with the merchant before and you come like them based on their price and how fast dem dey pay, you decide say anytime you want trade you go contact them to trade but everything go still happen inside the exchange just to dey safe.

[Asiska02]

Wetin fit be the possible dangers of doing P2P transactions with only one merchant for these centralized exchanges wey still dey function like ByBit, Remitano and the others? I dey curious because aside say one or two small price difference in kobo, e get any danger? Now, nor be say the transactions dey happen out side of the platform, e fit be say once you don trade with the merchant before and you come like them based on their price and how fast dem dey pay, you decide say anytime you want trade you go contact them to trade but everything go still happen inside the exchange just to dey safe.

I no think say anything dey wrong with that but I no dey do am sha not because I no feel the need to buy e no dey ever come my mind even when I see some people dey get special person wey dem they trade with. Most people wey dey do that even get their contacts to calm them to come online so that them go trade, nothing spoil about am sha. The good thing be say make them stick to the platform for any transaction wey them was run. Because you dey always get paid on time by this same person, e no mean say him no fit scam you when wuna run the transaction offline. E better make wuna stick to the platform for any transaction and the little price difference there no dey too matter because e dey come tune amount wey fit dey negligible compare to the price wey you wan do p2p transaction for.

[Felicity_Tide]

Wetin fit be the possible dangers of doing P2P transactions with only one merchant for these centralized exchanges wey still dey function like ByBit, Remitano and the others? I dey curious because aside say one or two small price difference in kobo, e get any danger? Now, nor be say the transactions dey happen out side of the platform, e fit be say once you don trade with the merchant before and you come like them based on their price and how fast dem dey pay, you decide say anytime you want trade you go contact them to trade but everything go still happen inside the exchange just to dey safe.

I get your point. Some merchants just get this good reputation wey go make u wan dey trade only with them. Their transaction dey always faster than others, but the truth be say, to dey close to people like that get e own risk and e own advantage. We are not talking about outside the exchange now, because that one na complete no go area(i.e terrible idea).

The reason why i think that there might be a risk is because, we've seen big merchants trying to steal as lows a 2K or 1K, and platforms like Bybit has a very bad reputation when it comes to resolving such conflicts. If you start trusting a merchant, and the merchant decides to steal from you, that's literally a problem that would have been avoided. Though it also has it's own advantage, but it's left for us to weigh the risk involve, and know what to do.

[Mia Chloe]

Wetin fit be the possible dangers of doing P2P transactions with only one merchant for these centralized exchanges wey still dey function like ByBit, Remitano and the others? I dey curious because aside say one or two small price difference in kobo, e get any danger?

Them go get Ur real name from you account and also dem go get your phone number. I no no if you de aware sha but U fit get pesin name from him phone number without WhatsApp sef. E fit no mean sha oo depending on you but personally I no like local exchange like that.

[Joy- maker]

Wetin fit be the possible dangers of doing P2P transactions with only one merchant for these centralized exchanges wey still dey function like ByBit, Remitano and the others? I dey curious because aside say one or two small price difference in kobo, e get any danger? Now, nor be say the transactions dey happen out side of the platform, e fit be say once you don trade with the merchant before and you come like them based on their price and how fast dem dey pay, you decide say anytime you want trade you go contact them to trade but everything go still happen inside the exchange just to dey safe.

Trading with different merchants for bybit or any other centralized exchange now there possible danger dey, because ehh dey very risky as scammers don full everywhere for the crypto space, and many merchants now don they scam people for P2P trading, but all the same the choice is yours to dey trade with either only with one merchant or different merchants.

But for me I no see any danger wey dey if you dey  only trade P2P with only one merchant for bybit or any other centralize exchange, because now that one be the best to dey trade p2p with only one merchant wey you and an don establish good trade relationship for the exchange and you don know for the exchange for a very long time, and anytime wey you won trade your coin you just call an for phone or chart am up.

[SmartGold01]

Wetin fit be the possible dangers of doing P2P transactions with only one merchant for these centralized exchanges wey still dey function like ByBit, Remitano and the others? I dey curious because aside say one or two small price difference in kobo, e get any danger? Now, nor be say the transactions dey happen out side of the platform, e fit be say once you don trade with the merchant before and you come like them based on their price and how fast dem dey pay, you decide say anytime you want trade you go contact them to trade but everything go still happen inside the exchange just to dey safe.

I don't see any need using one particular person to trade why because price may change, s/he can also change in their character and got you scammed.. see whatever we are doing on p2p exchange we should know that there are scammers who may tends to be a cool guy and whenever their target is reached on specific amount and they got it from you, you would see how fast they could be to report you because they knows you can't trace them.

[Hewlet]

Wetin fit be the possible dangers of doing P2P transactions with only one merchant for these centralized exchanges wey still dey function like ByBit, Remitano and the others? I dey curious because aside say one or two small price difference in kobo, e get any danger?

Them go get Ur real name from you account and also dem go get your phone number. I no no if you de aware sha but U fit get pesin name from him phone number without WhatsApp sef. E fit no mean sha oo depending on you but personally I no like local exchange like that.

even if na person you de trade with just for the first time, them go still easily get your identity from your bank information if that is likely what you might hope to prevent. even though e de rare before i go fit trade with same buyer at multiple times, i never see any serious disadvantage that comes with trading p2p with a single merchant. somehow, e go even help give you a certain level of trust as e be say you don already work with the same person for multiple of occasion. but even at that, na to still make use of the simple treading caution make over familiarity no push you falling victim of p2p scam. maybe the bad side go be say him go know say you get a certain range of crypto.

[Barikui1]

Wetin fit be the possible dangers of doing P2P transactions with only one merchant for these centralized exchanges wey still dey function like ByBit, Remitano and the others? I dey curious because aside say one or two small price difference in kobo, e get any danger? Now, nor be say the transactions dey happen out side of the platform, e fit be say once you don trade with the merchant before and you come like them based on their price and how fast dem dey pay, you decide say anytime you want trade you go contact them to trade but everything go still happen inside the exchange just to dey safe.

Though on my own part, I no see any serious risk aside the fact that them fit get your contact, but as long as na for inside the exchange this p2p transaction dy happen, no need to panic because without you seeing ur money inside ur account, no even think of releasing.

Though I no be a big fan of sticking to just one option, I like to explore other options, and one of my driving force pataining to that is the completion rate of the merchant I intend trading with, I always go for the merchant with the highest completion rate, not just the price, because e get some merchant wey go just waste ur time, and all the time go just run out, so in as much as the price dy very important, the completion rate na another factor wey I dy look very well before choosing a merchant to trade with.
But I no really see any serious risk in maintaining one merchant, as long as na inside the exchange the transaction dy go on, then you are safe to the best of my knowledge.

[Ruttoshi]

Wetin fit be the possible dangers of doing P2P transactions with only one merchant for these centralized exchanges wey still dey function like ByBit, Remitano and the others? I dey curious because aside say one or two small price difference in kobo, e get any danger? Now, nor be say the transactions dey happen out side of the platform, e fit be say once you don trade with the merchant before and you come like them based on their price and how fast dem dey pay, you decide say anytime you want trade you go contact them to trade but everything go still happen inside the exchange just to dey safe.

I feel say na whoever you trade p2p with for centralized exchange go get your contact wether na once you trade with am or many times. We just dey pray make we no do trade with the wrong people wey go fit bring problem for us later. However, me I like to trade with only one sure merchant wey dey at your service any time even for mid night or when you get emergency trade.

E get one time wey Bybit traders dey mumu themselves no dey gree buy your asset but go dey put price there and when you click on their ad, them to say price don change. After been frustrated, I come see one merchant wey buy my asset. Na wetin make me start to trade with only one merchant. The moment I won trade, I don call am for phone to alert am and ASAP, my funds do reflect for my account. Na so I come like to trade with only one person because I trust am and him price dey always dey current.

[Doan9269]

Wetin fit be the possible dangers of doing P2P transactions with only one merchant for these centralized exchanges wey still dey function like ByBit, Remitano and the others? I dey curious because aside say one or two small price difference in kobo, e get any danger? Now, nor be say the transactions dey happen out side of the platform, e fit be say once you don trade with the merchant before and you come like them based on their price and how fast dem dey pay, you decide say anytime you want trade you go contact them to trade but everything go still happen inside the exchange just to dey safe.

There is no risk in using a single merchant for your p2p as long as you both are going to maintain the normal and usual standard for using the p2p service for the exchange of your currencies, the rules are there and we should not take in familiarity, negligence, trust or any other thing that may dump us at risk for the use of p2p, remember those you're dealing with are not people you're familiar with and everything done is in proxy, ensure you verify everything and also avoid making the narration of what you're sending on the transaction receipt for privacy, you're fine with that, because it will be a reliable dealing with a dedicated merchant and you will always have your payment and conformations being done on time unlike random merchants.

[Makus]

Wetin fit be the possible dangers of doing P2P transactions with only one merchant for these centralized exchanges wey still dey function like ByBit, Remitano and the others? I dey curious because aside say one or two small price difference in kobo, e get any danger? Now, nor be say the transactions dey happen out side of the platform, e fit be say once you don trade with the merchant before and you come like them based on their price and how fast dem dey pay, you decide say anytime you want trade you go contact them to trade but everything go still happen inside the exchange just to dey safe.

I get your point. Some merchants just get this good reputation wey go make u wan dey trade only with them. Their transaction dey always faster than others, but the truth be say, to dey close to people like that get e own risk and e own advantage. We are not talking about outside the exchange now, because that one na complete no go area(i.e terrible idea).

The reason why i think that there might be a risk is because, we've seen big merchants trying to steal as lows a 2K or 1K, and platforms like Bybit has a very bad reputation when it comes to resolving such conflicts. If you start trusting a merchant, and the merchant decides to steal from you, that's literally a problem that would have been avoided. Though it also has it's own advantage, but it's left for us to weigh the risk involve, and know what to do.

Aswr some merchant dey very nice to trade with, e get one time I take one merchant  number because the guy fast and em reputation self Don go far. That na during the time wey the binance ban been still dey fresh wey we come dey hear say some EFCC agents dey pose as merchant.  Omor our country take style funny.  Back to the topic, e still get some merchant  wet go still like to Wan pull small scam on you, by changing the amount wey dem supposed pay you, like one post for this board wey show day merchant been Wan thief a whole 10k como for person money, if to say the guy no check well, dem for Don sammer am waiting no nice. So make we self dey careful to always  confirm before we hit that release buttin.

[Richbased]

Since e be say the transaction go still happen inside the exchange it's fine but if to say na to trust any online merchant wey don get reputation for the exchange platform then you come decide to get their number and trade off the exchange that one for dey risky. However no think say as all those online merchants wey get positive feedback for their profile say dem don become sure vendors o, you still need to be careful when dealing with them because some of them fit play fowl play sometimes dey think say dem fit get away with am since many people don give them positive feedbacks. For person like me i enjoy using another merchant that also have many positive feedbacks instead of relying on one person.

[Richy Richy]

I will not say it’s wrong but in teams of business anything can happen.in a situation where as you trade offline you can literally lose your fundz because some of the traders you don’t know them in person your just doing it base on trust but if it’s on the platform I don’t think you will ever lose ur money because it will get to a point where the platform will ask if you have received the actual fundz or not and once you said you haven’t the platform will be forced to come into the transaction through you making a report.

[Fiatless]

Wetin fit be the possible dangers of doing P2P transactions with only one merchant for these centralized exchanges wey still dey function like ByBit, Remitano and the others? I dey curious because aside say one or two small price difference in kobo, e get any danger? Now, nor be say the transactions dey happen out side of the platform, e fit be say once you don trade with the merchant before and you come like them based on their price and how fast dem dey pay, you decide say anytime you want trade you go contact them to trade but everything go still happen inside the exchange just to dey safe.

Me sef na one exchange I dey use. Since the services dey good, I never see any reason to change to another one. I know think say any wahala dey if you decide to dey use only one.Some of the benefit to dey use more than one exchange na if you no want any linkage to your forum packages. Secondly na if you no want make plenty money dey pass for only one exchange. So you fit get more than one so that you go fit divide the money to different exchanges to avoid bad belle people.

[CryptSafe]

OP, I understand that most times it will be very easy to always want to do transactions with one account holder on a p2p platform, but one thing I think you should put into consideration is your safety, because a constant and regular deal of such nature can be very exposing, because of the regular transaction and to some point it could cause suspicion from the financial institution and when ever such account holder has any issues which involves investigation, your account would definitely be nuked by the agencies to be a suspect as well so it would be nice you keep to the p2p cycle of dealing randomly. It is not possible that it is only one merchant that has the same exchange rate as that is attractive, there are other vendors you could try and see how their services work. So save yourself the stress and transact at random.

[igebotz]

Wetin fit be the possible dangers of doing P2P transactions with only one merchant for these centralized exchanges wey still dey function like ByBit, Remitano and the others? I dey curious because aside say one or two small price difference in kobo, e get any danger? Now, nor be say the transactions dey happen out side of the platform, e fit be say once you don trade with the merchant before and you come like them based on their price and how fast dem dey pay, you decide say anytime you want trade you go contact them to trade but everything go still happen inside the exchange just to dey safe.

The system reshuffles to make a fair markeplace for everyone, you can't decide to trade with a particular merchant, except you're engaging in offline or WhatsApp trade.

[Davidvictorson]

The system reshuffles to make a fair markeplace for everyone, you can't decide to trade with a particular merchant, except you're engaging in offline or WhatsApp trade.

I thought in the case I have described, you can search for the merchant ads on the P2p platform within systems and go ahead to trade with them. Isn't this another way it can be done once you have  traded with them before?

[Hatchy]

decide say anytime you want trade you go contact them to trade but everything go still happen inside the exchange just to dey safe.

There's nothing wrong in trading with the same merchant again. Sometimes I even prefer those merchant I have good experience with during my trading. But then I don't usually keep records of their names or numbers for my next trades because you will surely get a good deal with different traders if you know what you are doing while trading p2p.
We should know that it's better not to contact any trader off the trading platform to avoid scams. Any deals that isn't in the consent of the trading platform or exchange is purely at your own risk.

[Mpamaegbu]

Wetin fit be the possible dangers of doing P2P transactions with only one merchant for these centralized exchanges wey still dey function like ByBit, Remitano and the others?

Since wen I read a guy's post and wetin him passed through in d hands of EFCC, I dey like deal wit different merchants. Dey invited him and during d cause of questioning him dem com reason wan particular account wey him dey often receive funds from. Dat account na from a certain merchant wey him dey like deal wit for exchange. D guy had to open up to dem as e take be, and you know how those mad people dey take behave once dem sabi sey cryptos dey involved for matta. I nor wan dat type of scenario. So, wetin I dey do na get a range of up to 10 different merchants wey dey good. I make sure e tey b4 I go repeat a particular wan.

We just dey pray make we no do trade with the wrong people wey go fit bring problem for us later.

My dear, na d prayer be dat everytime wey we do exchange. Na d reason wey make me nor dey like trade with any merchant wey nor warn against the use of thirty party account. I dey like deal wit those wey dey pay from their own personal account. I nor need corporate and business names na there persin fit get gbenge sef. You neva can tell d persin wey dey d other end, whether na kidnapper funds dem dey try launder through cryptos.

[CryptSafe]

Wetin fit be the possible dangers of doing P2P transactions with only one merchant for these centralized exchanges wey still dey function like ByBit, Remitano and the others?

Since wen I read a guy's post and wetin him passed through in d hands of EFCC, I dey like deal wit different merchants. Dey invited him and during d cause of questioning him dem com reason wan particular account wey him dey often receive funds from. Dat account na from a certain merchant wey him dey like deal wit for exchange. D guy had to open up to dem as e take be, and you know how those mad people dey take behave once dem sabi sey cryptos dey involved for matta. I nor wan dat type of scenario. So, wetin I dey do na get a range of up to 10 different merchants wey dey good. I make sure e tey b4 I go repeat a particular wan.

You are right, constantly trading with a particular vendor is very risky, although some people do not see it so, but I would not allow any scenario that would stress and put me at risk to occur. I randomly choose from the p2p platform good deals so that I do not repeat any transaction with a particular vendor twice within a short time interval. If I see any name too familiar, I will do well to check for confirmation before I proceed so that I do not have a back-to-back repeated transaction dealings with that vendor, because nobody can tell and I don't pray for such but it is wise that we do things with caution so we do not get ourselves into unnecessary trouble.