[ALERT] Pace of P2P Scam on Exchanges is Increasing Part 2

[Doan9269]

[ALERT] Pace of P2P Scam on Exchanges is Increasing Part 2

With reference to this https://bitcointalk.org/index.php?topic=5543912.msg65399049#msg65399049 which I created to inform all other members of the forum on the beginners and help section about p2p scam, pointing at recent and similar threads from few members selected, who have contributed also on the same subject matter to the forum members both on the local board and the general English boards, which you will also get their thread links there from the reference above, I will advise you to sit up and carefully observe the message in this latest update am about to unveil.

After this scammers now realized they may get bad reviews, report them or even failed on their various attempts to scam you by p2p, if you failed to be their victim on incomplete payment due to carelessness, or you're not been observant to confirm payment before vetting the confirmation request, here's what they have resulted to still do on this regard of p2p scam.

1. They are going to waste your time before making the payment, till almost 30 minutes is complete.

2. Then they will send you a chat to apologize that they are willing to pay but discover the amount in their account was not up to the order rate from the ad.

3. They will beg to make an incomplete payment in other to pre-informed you for their action to claim Innocence as if they don't already planned it.

4. If you agree and give them the go ahead, then you have been just cheated, because the exchange cannot provide you with an ineligible ad, instead they will ask you to refresh your quote.

NOW PAY ATTENTION

My order stated that he will pay me #29,724 while he types on the chat that he wants to pay #29,000 and don't have the balance of #211 while knowing the balance should be #724 he's pretending and still lying, but I sent a strong warning to him, then at the last minutes, he replied me to have gotten the complete payment, check on the chat below and learn something, most importantly the newbies doing p2p, don't let them trick you by chatting you to solicit for incomplete payment, don't ever comply because it's intentional.

The money may be small anyway, but this is how I would have been ripped off of #724 on p2p

[Orpichukwu]

P2P is just getting scary these days. The little fast trade we do for small money is what they are turning into something else. If the money is very small, some traders might not really care, but this is not just about the person; they also do this to others. Before the end of a day, they can easily scam someone or even more than one person.

The moment I see a complaint from any buyer, I give you a straight warning, and once you pay me below what you are supposed to pay, I don't even waste time; I report the trade ASAP so that they will know that I don't have patience, and even when the balance is sent complete, I still will delay the release of the coin so that next time, if they keep a record of seeing my order, they will behave well.

[rachael9385]

With the wey wen this kind of p2p warning dey always come this out local board, I dey sure say plenty of us done dey wise in terms of the p2p trading. Nah only person wey no dey wise after seeing and reading all this threads about scammers for p2p trades nai go fall for this kind of scam. Right now, make people just dey at alert because as day dey break nah so this p2p merchants dey get new new strategies to use scam traders to collect their money. The funny thing be say this scammers no win know if nah small money or nah even big money sef, as long as say them go take watin belong to them, dem go scam you asap.

This kind of thing done happen to be (I think last week) and I bring up the matter here for this board which I believe say e done help people here to know more about p2p merchants. One thing I learn about this p2p merchants be say, if you dey deal with them in a hurry my guy, them how condition you and you gats gree because you need am urgent.

But trust me, if you dey relax and any strategy them bring come, you respond say make them pay you your complete money and them see say you no dey buy their idea, them no get any other thing to do than to pay you (although them go sha delay you too, but no panic).

And lastly no forget to appeal and suspicious activities we the p2p merchants dey bring to you, make you no also release coin when you never receive your money because that one nah very big mistake when you go do.

[Josefjix]

This format is getting out of hand on p2p trades, I've encountered many similar things like this but I'm still wondering what would the small amount of money to be withold will do to them. This is quitely a bad behavior and this act needs to be punished instantly.

There are some desperate sellers that allows them to proceed even after buyers had lied to them, they still let me proceed sending incomplete payments, it's the reason why these buyers behave like this to every sellers they meet thinking everyone are the same.

They are just trying their luck maybe you are one of those sellers that are careless.

[Tungbulu]

I think it's high time we start teaching these wolves in sheep clothings, shortpaying p2p users has suddenly become the newest way of reaping sellers of their money, below is an image containing one of my encounters with one of them.

I was shortpaid ₦700, yeah I know that amount is actually no much and some might say why didn't I just forget about it, even if it's just ₦50, and you decide to ignore it, thinking it's just a harmless mistake, the next one might be even more bigger and if you're not paying attention, you'll end up releasing the coins without getting your money in full. You'd be surprised by the negative feedback I gave this buyer for shortpaying me ₦700, this wasn't about the amount but to set an example, with such a review, I don't think there'll be anyone that'll want to trade with him as he'll be considered a scammer, inasmuch as I wanted to feel a bit bad for what I did, I really do not regret it because if we don't do anything about this, this will continue and even get out of hand.

[BIT-BENDER]

It might seem a small money to let go but if these guys keeps it going across several people they would have unlocked infinity gains in the p2p trading market.
Although most time the dollar to Naira rate is higher on these exchanges than it actually is.
But it is important that everyone stop giving in to these greedy buyers because that is the only way they can do better and stop all their greedy moves
I don't see why you would put a price in your ads and then start negotiating a less price during trade.

[Princess Leah]

 This is getting out of hands I thought I was the only one experiencing such, I think it's high time we start reporting these set of people so others would learn, sometimes they'll purposely pay incomplete payment and claim they're too busy that's why they did so. Such cases is why people should confirm payments first from their bank app before releasing coins cause these P2P merchants are becoming too dubious.

 From the text when the OP and the Merchants in that image you'll know the person is very deceitful he or she started by pleading that they don't have enough funds but immediately agreed to pay up when the OP threatened to report him, that's pure madness and shouldn't be tolerated.

[Hyphen(-)]

These vendors are becoming scammers now, their format of scamming through this same p2p is not even one because I believe we have discussed several methods they were using to scam people that happen to just release coin to them without confirming and verifying the real amount of money they are to be paid.

The method OP used explained is another method different from what I have experienced before, and this means we should find a means of reporting them instead of letting go with such act, they deserve to be punished.

Last week, my vendor sent me lesser amount than he should sent, and was disturbing me to release, when I chatted him, he claimed that it was a mistake that he didn’t noticed the exact amount. And another vendor asked me for support due to charges, that it is not mandatory, but he is begging me to let him sent 1k lesser than my money, I said no and he sent me the right amount.
We need to be very careful with these vendors, they are very greedy, the little profit they are having is not enough for them, they are scamming others to earn extra income.

[Marvelockg]

The money may be small anyway, but this is how I would have been ripped off of #724 on p2p

The money is not small at all. If he succedes in getting that amount from you, here's going to try it with more people and that will eventually add up to something that's very big. A reputable vendor before setting his as should already have the amount that's to be used for the payment, if for any reason the amount isn't available or went short for whatever reason, the most honourable thing to do is to council the transaction and save himself from all the drama.

I just hope that any vendor that tries to be unnecessarily smart while doing P2P is reported and given negative trust so People can avoid such vendor because if allowed, they will continue to fill the space and overtime make it hard to identify which vendor is a scammer and which is not.

[Ndabagi01]

I was faced with a similar issue some weeks back when I wanted to trade my USDT to Naira on Bybit p2p services. The rate at which they’re scamming people is alarming and that happen to be my first time I’m facing such since I started using the services. I usually see complaints on this board on how this scammers does their things, but since I’ve never experienced it, I just remain more careful and always confirm that the amount sent to me is complete before I release my order.

Yours was similar to my own, but in my own case he lied and pointed out that it was in his remark that he’ll deduct N1000 from the money which was untrue and they only do that after you’ve placed the order and they want to send the money.  Below is the screenshot of our conversation before I released the coin to him after sending full payment.

[I_Anime]

Base on the look on things most of this issues is from bybit exchange , those guys really need to work on their exchange have seen folks complaining on twitter concerning this same issue , and have seen some when millions of Naira are in the lines , pains me i can't access those post again I would have drop some images here .

The folk had to post it on twitter and start begging folks to help him to keep tagging bybit till they eventually responded and lucky him they where able to rectify the issues , I usually make use of bitget and I haven't heard  such complaining them , this why binance remains the best exchange also we have to be careful during the process of P2P.

[SmartGold01]

This is not something that is new again to the community "Local board" whenever we are carrying out transaction on p2p we should be that mindful on how we release our coin to the buy who always pay.
The problems with people is that they are too lazy to check on what they are doing before hit the pay options, only thing I would have to add here is that we should be trading like 20 percent of total capital you  traded before to reduce on both sides.

[Victorybit1]

Well no be today wey people don dey talk about this exchange matter and believe me plenty persons for here sef get experience for this kind issue and most of us just don actually learn the hard way because I remember on so many occasions wen all these p2p vendors don almost wound me during the time wen I never too dey familiar with the whole thing.


And of all the exchanges I think this particular bybit exchange na be the worse because Omo the vendors for there just be like thief's wey dey wait for you to loose guard and then they pounce on your errors. I don even get experience wen person mistakenly pay for trade and then also cancel the trade by mistake but he later chat me and I release the entire coin for am.

[Doan9269]

some traders might not really care, but this is not just about the person; they also do this to others. Before the end of a day, they can easily scam someone or even more than one person.

Some may actually not care, but if its not tackled now, they will keep doing it and more people are going to be cheated under their attempt for scam, it was because they have tested it to see how some already fall a victim before deciding to continue, now we have to make others get the necessary awareness on related routes to scam in this manners.

I think it's high time we start teaching these wolves in sheep clothings, shortpaying p2p users has suddenly become the newest way of reaping sellers of their money, below is an image containing one of my encounters with one of them.

I was shortpaid ₦700, yeah I know that amount is actually no much and some might say why didn't I just forget about it, even if it's just ₦50, and you decide to ignore it, thinking it's just a harmless mistake, the next one might be even more bigger and if you're not paying attention, you'll end up releasing the coins without getting your money in full. You'd be surprised by the negative feedback I gave this buyer for shortpaying me ₦700, this wasn't about the amount but to set an example, with such a review, I don't think there'll be anyone that'll want to trade with him as he'll be considered a scammer, inasmuch as I wanted to feel a bit bad for what I did, I really do not regret it because if we don't do anything about this, this will continue and even get out of hand.

So i don't know others have been having a similar experience and before you know it, things we go wrong in a big way for us to use the p2p for transparency and accountability, once the among am releasing cannot be reduced by me, then no one should reduce what is coming to me, else they had better go for the right ads that is suitable for their rates and the amount they are capable of.

[Orpichukwu]

some traders might not really care, but this is not just about the person; they also do this to others. Before the end of a day, they can easily scam someone or even more than one person.

Some may actually not care, but if its not tackled now, they will keep doing it and more people are going to be cheated under their attempt for scam, it was because they have tested it to see how some already fall a victim before deciding to continue, now we have to make others get the necessary awareness on related routes to scam in this manners.

The awareness is indeed necessary; it will help make many aware of this type of trader on P2P, and the more people are aware, the more their attempts will continue to fail, and it will start discouraging them from doing it if they see that fewer people or no one is falling victim to that, their pity, and whatever excuses they use to deduct and reduce the amount they are supposed to send to the seller just to be gathering them up.

[adultcrypto]

This is very terrible development and I wonder what will happen to people who are not too experience in using P2P services of the exchanges. I almost fell for this scam few months back if not that I got a prompting to login my bank app and check the amount sent and also compare with what it was supposed to be, that was how I noticed the discrepancy and raised alarm, that was when the scammer corrected it and sent me the correct amount. I have decided that anyone who try this again, I will give the person bad rating so that others will take note.

[Doan9269]

This is very terrible development and I wonder what will happen to people who are not too experience in using P2P services of the exchanges.

They are mostly the target by these scammers, the way we first started with the use of p2p service wasn't like this and if we  failed to help in bringing the awareness that could expose these scammer, they may infiltrate other new users coming to join and they also do more worse, personally, i don't just like things in this manner, not until i voiced out, then we begin to see other related occurrences some of our members too have been through in silence, you can see from the replies above from those having similar experience, they even show the screenshot to show how serious and real it has been.

Now people will be shouting corruption and indiscipline, which start from the little day to day activities and behaviours we engaged, if we cant talk the truth in calling a spade a spade, then it will one day becomes our turn, we have to make things right and sanitize the p2p network as well as crypto from scammers so we can proof our governments wrong about their approach on it.