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

[Gozie51]

Na play play joke take dey turn into fight and if hand shake don dey reach arm side, e fit turn to another thing. My idea about online na to always dey careful and treat the other person as a stranger and our discussion here now concern money. I no think say there is need for that kind of familiarity wey suppose dey happen since na exchange, no need to break the protocol. It will be easier to set someone up if the traces are established say na just one account persin dey trade with.

The other person fit at the long run begin show real colour. Bible say taste all spirit. However, I sabi say e get where trust go reach den people go one relax some protocol but make we dey careful if we are dealing online except una now exchange contact now begin transact on WhatsApp but, me I won't send coin first without my alert confirmation. It won't happen oo, no matter the trust except you use escrow.

[Hyphen(-)]

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 think it is even safer if the vendor is always active to attain to you, then I think there is nothing safer than trading with only one vendor as far as the vendor is given you good rate. There will no further risk of losing money to any vendor which usually do happen because some vendors will not respond in time while some vendors will also claim he/she has sent money, but you didn’t receive the money which is usually painful until you end up appealing to the exchange.

However, there is no completely reliability to any vendor because most of them are anonymous, we don’t know them exactly since we just meet in exchange to have transactions that will benefit each other; relying on them is risky in general.

[Antotena]

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 have some of them that has saved my number and has ask me countless time to dm them if I want to trade crypto to cash that he has a good price and community but I don't reply them, I don't want anything withem outside an exchange because I don't just trust people when there is no middle man involve, they are likely to get tempted and you don't know when and how they are going to display that beast of stealing from you, you will never know.

If I want to trade, I go to the exchange where I know the exchange will down them down immediately  because th exchange is the middle person and because they can't have a decentralized p2p here where everything will be automated using flucturwave and the rest of them. I don't know if I'm the only one but money knows how to temp people, if you are not close to anyone that you are doing p2p from, you will likely get scam or not been attend to.

[Jegileman]

~

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.

I think this is why it is necessary that we only trade online with them through the platform and not offline no matter how we trust them and believe that their price is good for us, they cannot be trusted 100% that we won’t have an iota of doubt on their activity since we don’t know them personally. Bybit is the p2p exchange I use now since the unavailability of p2p on other exchanges. I haven’t tried using one person consistently to trade but I usually screen well before placing a trade. This is what I take my time to do because I have only encountered a merchant wanting to scam me by changing the price after clicking on his ads, but I was able to counter it quickly that day. Sometimes is not how good their price looks on the dashboard, but how well they’ve trade with others and good rating they’ve received for their past trades, those should be putting into account before choosing a merchant to trade with on any p2p platform.

[Adbitco]

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 really have a particular marchant to trade with or even to contact them while trading, what i does is that I will search for the best rate and person who is that fast enough to release payment. Also, I look at the trading volume and rating if they have poor rating then i don't have time to go open trade with them provided they have poor rating and low trading volume, all these things are things I do avoid while trading on P2P, but if that person meets my criteria i don't trading with them again but still in the same exchange platform and not in real life because funny things are really happening these day and shouldn't trade with them out of the exchange.

[MainIbem]

Edited out

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.

You done talk am finish oga igbebotz, them get plenty merchants to trade with, to reduce stress of attending to too many customers for one merchant, I no see anything bad for person to decide say eh wan dey trade with one particular person, maybe due to trust or the reputation of the merchant or even em good rates and accuracy to dey make quick payment but then too much familiarity they cause problem for p2p market for instance a case where be say a particular merchant you done trade with for long go dey deduct money from your initial payment without permission due to too much familiarity, that's why I no dey like trade offline or even with one particular merchant to avoid that kind familiarity cause some merchant get that kind behavior even when you never familiarise with them talk more when you come do so.

[igebotz]

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?

There are not search button on Bybit p2p marketplace only filter button. You can not search any merchant of your choice. You can only trade with options you're provided for.

The only way you're likely to see vendors you've traded with before is if you followed their profile.

[SmartCharpa]

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 heard about this exchange call Remitano before but I never make use of the exchange before, but I am sure say na better exchange because nobody has ever complain about the exchange before. However, i never imagined it say I should always be doing p2p with only one merchant because sometimes I might be in a position that I need the money urgently and that your favorite buyer no go dey active, your only choice is to do the p2p with another buyer.

In addition, I see vendors who can trade outside exchange, but we must dey very careful. even though everything will still happen inside the exchange, i no sure i go choose one person as my favorite vendor only because of small small change wey dey difference. E just be like greediness and make greed no allow us to become a victim to any of these scammers.

[Rgram]

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.

For me, E sha no too get risk i but in most cases wey you don trade with vendor for like three or more times come build trust sef..at some point you go start to send am coin direct to wallet not even on P2P and in most cases the vendor might runaway with your coin depending on the amount of coin and his integrity..

[Curious T]

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.

Some merchant dey like ask for phone number so them fit call you in case you dey delay to release coin, so e no necessary say na person wey you dey deal with steady alone go get you personal details. Even without dropping your phone number most people dey use online banks for P2P transaction and most of those banks dey use phone number as account number, so your phone number dun already dey exposed.
If you use traditional banks, for the account number alone sef, them fir get your real name so I no sure say these na wetin person suppose to dey look because all these information dun already dey exposed one way or the other when you do P2P trading for exchange.

[Johnlomape]

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.

So tell us which better exchange you dey use whether we fit join too to trade there. No how no how, person must use centralized exchanges because we gat change crypto to naira  especially those of us wey dey gamble for Stake using cryptocurrency.
If you get better exchange, I go like make you show us sha, na the best I dey find we get limited scam users. I know say scam dey many exchanges but we fit avoid am when we try to use the ones wey get small scammers there especially exchanges wey dey very strict against scammers. This one go help genuine traders exchange there money to naira without wahala.

[Tmoonz]

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.

While we may have different opinions on this me personally I have the same sentiment with you I can never be comfortable trading with only one merchant in any of the centralized exchanges, for security reasons and it doesn't suits my tolerance level yes I no fit tolerate am and I can't do that, am pretty much comfortable trading with different vendors, their is nothing so special trading with one exchange vendor it will only make you becomes vulnerable and prone to scams especially when you become too comfortable with them for too long but yeah anyone can do whatever they like.

[CryptopreneurBrainboss]

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?

The danger na say you can be implicated in any issues they have with the authorities in the future, now reason am say them dey into money laundering and your account is among the account dey send money frequently. Mightn't be big transaction but for the fact they trade with you frequently, you fit become a suspect when the wahala come so to avoid issues and to support your defence, it's better you have a record of trading with different people.

Also if investigation come and the merchant account is to be tracked and closed in relation to Naira manipulation or other reasons they might be having, having frequent trades with them exposes you to alot of risk and takes away your privacy. To stay more anonymous and complicated to track your transactions, your P2P trades should be with different merchants.

[CryptoHeadlineNews]

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.

As long as the transaction is been carried out on the exchange with all due process, for me I literally see nothing wrong with sticking to a particular merchant you met on a p2p on either Bybit or remitano. Because for me, I have been a old user of Remitano exchange, as it was actually the first exchange I used in selling my Bitcoin to fiat, of which the rate was quite good and the transaction was fast. But recently ever since Remitano initiated their Naira wallet, whereby you can withdraw your Naira directly into your bank account. That has always been my best feature, as whenever I intend to sell my Bitcoin, what I always do is transfer my Bitcoin to Remitano, swap it from BTC to NGN and then withdraw it directly in less than 5minutes.

[Josefjix]

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 only consider one merchant when needing bank account details for international bank transfers, for example, if I want to receive money from my client from Brazil, I immediately login to Noones formally paxful to create such trade from my regular customer on the platform, I do this by contacting him on Whatsapp first, but I never fail to run transactions on noones because I might be scammed no matter the trust I've had on him.

If I'm trading Bitcoin, I don't have a particular merchant, I only use the merchant available on the list.

[Obim34]

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.

When the risk outweighs benefits, it is better to stick to what is seen as usual. I have never thought about keeping a particular merchant for all my trades most of the times when they request for my phone number i hardly want to give it out, as a matter of fact i don't release any of my details most of them drops this kind of message "For quicker transaction drop phone number", this is irrelevant because the exchange knows the degree of implications to happen when users are free to pick or have a favorite merchant in their system, not only will it affect the trader+merchant also give them a bad reputation if such activities goes on for long.

[sokani]

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 I don trade with any merchant on a CEX more than once, though ah no dey really pay attention to their names, nah only their feedbacks and successful trades.

The only way you fit trade with a particular merchant/user on many occasions nah for telegram or WhatsApp. Mpamaegbu don give one example of how things fit go badly if you choose to go down this road. Anoda one be say the trader go get your phone number. If nah bad person, him fit track your location, come rob you if him suspect say you dey fucking rich because you dey trade huge amount in crypto steadily with am. So to be on a safe side, using different merchants every now and then dey better.

[Mpamaegbu]

Anoda one be say the trader go get your phone number.

You see dis wan so, na where most of awa fintech banks nor get am right, especially Opay and Palmpay. I nor know wetin make dem choose to use phone numbas as awa account numbas. E nor too make sense. I like as Moniepoint and Kuda take dey run dem own.

If nah bad person, him fit track your location, come rob you if him suspect say you dey fucking rich because you dey trade huge amount in crypto steadily with am.

Na for dis purpose make me nor dey like put on my location, unless e get something wey demand am. And once I'm done wit dat thing, I dey put am off sharp sharp. Make wetin persin nor know nor com chop persin head.

So to be on a safe side, using different merchants every now and then dey better.

Make I add join dis wan. I nor dey like trade more than N200k wit any merchant. I dey share am. For such volume, I dey like use different vendors and e get why. Na so make d volume nor too much to begin raise eyebrows.

[Samlucky O]

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, but the matter just be say I dey prefer to deal with different people provided say Dem dey online, I no dey like make I dey do deal with one person make e no come master me to the extent say even when the person don dey do me strong thing I no fit talk. again. The truth be I dey avoid over familiarity. It's either you dey online we deal or you no dey online I do with another person. You know when you don dey used to one person, e go dey cause you inconvenience sometimes in the sense that you fit wan sell usdt but base on say your customer never dey online, you fit just decide to wait dey inconvenience yourself for the sake of good price. At a point you go believe say na him dey offer best price for the market even when him don dey cheat you, you no fit still leave am for the sake of relationship. So for all this reasons I dey totally avoid am. But apart from that, I no think say any other disadvantage dey am.

[Promocodeudo]

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.

Personally I don't see it as anything to trade with only one person but I get pissed whenever such individual start negotiating price with me when he or she knows the exact price as at when we initiated a particular trade,  recently I got an experience which I never had before, I imitated a p2p trade in bybit with one of those Marchant, he just waited for some time before he started chating me to tell me that please the market is bad this morning, the next thing he said pls can can I deduct 5k from the actual amount, though I wanted to get angry but I understand what was as stake if he eventually write that he has paid though I might get my evidence and win him later after bybit might have finish reviewing the case and I don't know how long that will take, I have to play along and engage him in talk peacefully until he decided to cancel the trade, then I later trade with another person, personally I may consider doing this with different people anytime I want to do such my reason is to avoid too much familiarity that may lead to funny  character from the person involved.