p2p rate changes inappropriately

[Amphenomenon]

I experienced something during the weekend and it was actually disappointing. I often use express mode during p2p on bitget but this time the rate was as low as 1337 and I was in a rush and thought maybe it was the naira valuation, spoke about it later and when I visited the p2p section at bitget and not the express mode I discovered it was still in 1470, was really angry. Thank God the amount was small but doing another one some days later I think, I was much more cautious and this was what I discovered.



The price changed when I clicked the ad to something smaller, I don't really know if this is a scam attempt from buyers themselves but I blame bitget creating such flaw system for them to act like this.

There are many things to be careful of and we shouldn't rely or trust these p2p platforms anything is possible just be careful.

[Charles-Tim]

This is from me last year:
Scam ads on Bitget

This one from CryptoHeadlineNews recently:

I literally just sold some Bitcoin this morning, and it was sold at an exchange rate of 1375 Naira per 1 dollar on Bitget Crypto Exchange. And only to come here and see this analytical break down of the previous price of Naira to dollar for the past few days, I'm literally very upset right now, as it sounds I have actually lost a whole 8k for this very trade I did this morning. And as such, I think having a dedicated thread like this where a monthly and weekly analysis of the Naira price movement to dollar is very good. Because had I been I knew what the price was before initiating trade this morning, I'm pretty sure I never would have lose this huge sum to the market and trader.

Now this from you. We are now getting what is going on.

I blame Bitget.

[Btcdeybodi]

The price changed when I clicked the ad to something smaller, I don't really know if this is a scam attempt from buyers themselves but I blame bitget creating such flaw system for them to act like this.

Yes it is a scam attempt but it doesn't only happen in bitget, even Bybit too. When Binance was still performing p2p for Nigerians it also happened so it's not something new. I just wonder why these exchanges do not review the activities of vendors in p2p platforms. Some vendors will place high rates but immediately you want to perform a p2p with them you will notice that there is a reduction in the price rate different from the one they advertised initially which is not good because some persons will definitely fall for such deceptive move. Whenever you are initiating a p2p transaction make sure you are in your right frame of mind because there are numerous scam methods happening in exchange p2p platforms now so if you are not observant you will just fall.

[Karl_3000]

Yes it is a scam attempt but it doesn't only happen in bitget, even Bybit too. When Binance was still performing p2p for Nigerians it also happened so it's not something new.

Why are people posting what is not right? It was not happening on Binance and it is not happening on Bybit. The only exchange people are complaining this is happening is Bitget.

The scam that is common on Bybit are the people that will send lower amount of money to your bank account and those that will beg you for them to send you lower amount of money.

I just wonder why these exchanges do not review the activities of vendors in p2p platforms. Some vendors will place high rates but immediately you want to perform a p2p with them you will notice that there is a reduction in the price rate different from the one they advertised initially which is not good because some persons will definitely fall for such deceptive move.

This is not about the exchange to review the activities of the sellers but about the algorithm the exchange is using which is doing something wrong.

Whenever you are initiating a p2p transaction make sure you are in your right frame of mind because there are numerous scam methods happening in exchange p2p platforms now so if you are not observant you will just fall.

There are many exchanges, people should stay away from Bitget.

[Proty]

Well I don't make use of bitget .Now looking at the dollar to naira rate from the screen shot the op dropped seems to be low when compared to what am seeing in bybit. One advice I would always give people is not initiate P2P transaction when they are busy to avoid making unnecessary mistakes. From what the OP actually narrated the mistake is actually coming from him. He initiated a P2P transaction without confirming the actual dollar to naira rate. So I don't see where bitget should be blame here, it is the duty of the buy to check the rate at which the vendor is selling before initiating P2P transaction.

[Karl_3000]

So I don't see where bitget should be blame here, it is the duty of the buy to check the rate at which the vendor is selling before initiating P2P transaction.

Bitget should be blamed

Express should have similar rate with the recent rate. That is how express should be as it is on other exchanges.

[IjawMan]

I blame Bitget.

Di op summed it from where the flaw is generating from, the P2P exchanges platform are the people that have created this flaw in their platform and the scammers addressed as traders are using it to attempt scamming traders at the slight distraction on commencing a P2P trade.

The awareness the local board users are creating in the Naija community has been helpful in enlightening, alerting and updating those of us that have not witnessed some of this scam attitudes.

[igebotz]

The price changed when I clicked the ad to something smaller, I don't really know if this is a scam attempt from buyers themselves but I blame bitget creating such flaw system for them to act like this.

There are many things to be careful of and we shouldn't rely or trust these p2p platforms anything is possible just be careful.

Same awareness was raised on this thread https://bitcointalk.org/index.php?topic=5561206.0 by one of our members, I would expect everyone to cease using Biget Market Place until the bug is fixed because it is clearly a bug - allowing rate alterations in-between trades is a scam.

There is a lot of dishonest vendors on Bybit p2p but they're still better than other options.

[Amphenomenon]

Now this from you. We are now getting what is going on.

I blame Bitget.

I so much have issues with this CEX maybe because of all my past experiences and how well their customer protection is poor, including they charging much for fee.

Yes it is a scam attempt but it doesn't only happen in bitget, even Bybit too. When Binance was still performing p2p for Nigerians it also happened so it's not something new.

Why are people posting what is not right? It was not happening on Binance and it is not happening on Bybit. The only exchange people are complaining this is happening is Bitget.

The scam that is common on Bybit are the people that will send lower amount of money to your bank account and those that will beg you for them to send you lower amount of money.

The scam attempts at Binance was different and I think they had a fewer scam like Bybit and neither taking charges as bitget and with an annoying system which scammers can find a way to get the better of customers. Now, between bitget and bybit we have to be cautious of two different kind of scams, these platforms does little to protect against scam especially bitget which is directly coming from their negligence.

The price changed when I clicked the ad to something smaller, I don't really know if this is a scam attempt from buyers themselves but I blame bitget creating such flaw system for them to act like this.

There are many things to be careful of and we shouldn't rely or trust these p2p platforms anything is possible just be careful.

Same awareness was raised on this thread https://bitcointalk.org/index.php?topic=5561206.0 by one of our members, I would expect everyone to cease using Biget Market Place until the bug is fixed because it is clearly a bug - allowing rate alterations in-between trades is a scam.

There is a lot of dishonest vendors on Bybit p2p but they're still better than other options.

I just discovered this through Charles-Tim reply here. I saw the thread but it seems as something different till I saw the quoted text by Charles, will lock this now.

PS: After going through the thread again, I think I will leave mine open because both threads are still different, although I'm not disrupting the awareness there especially by CryptoHeadlineNews .

[Charles-Tim]

I so much have issues with this CEX maybe because of all my past experiences and how well their customer protection is poor, including they charging much for fee.

Many of the exchanges do not have fee for P2P, unlike Bitget.

PS: After going through the thread again, I think I will leave mine open because both threads are still different, although I'm not disrupting the awareness there especially by CryptoHeadlineNews .

No need to lock the thread. I only posted them for people to know that you are not the only one that has suffered the scam on Bitget. If something similar has happened to three members among us on this forum, there will be many people that are scammed this way daily.

[Asiska02]

The price changed when I clicked the ad to something smaller, I don't really know if this is a scam attempt from buyers themselves but I blame bitget creating such flaw system for them to act like this.

There are many things to be careful of and we shouldn't rely or trust these p2p platforms anything is possible just be careful.

I have never used Bitget for p2p before and informations like this makes it even more difficult for me to want to use it for that services. I have the application on my phone and verified but I haven’t even explored to the p2p section to really know how things are done there.

This type of scam has been around for a while now, but not so many people get affected by it and that’s why we hardly see complains from people in that regards. When you come across such merchant, it is better you report them to the exchange. I don’t know how they do it and allow them to change prices after clicking on the ads, but that’s a mischievous and criminal act from this merchants.

Same complain coming from the same exchange over and over again is just a strong indication to boycott that exchange for such services. I love Bitget for its low transaction fees on some popular blockchains, but won’t explore to likened it for p2p exchange services because of this. Let’s be more vigilant and cross check prices well, and report such scammers when we come across them on any platform to the exchange. It will save the next person from falling trap.

[Ever-young]

I got Bitget on my phone but I barely use it, I mean I can count just how many times I’ve made use of that exchange, even though people do complain quite a lot about Bybit, although I’ve also had my own complaints too, but I still feel, even with all the complaints, Bybit is still very much far better than Bitget. This isn’t the first time I’m hearing such a complaint about Bitget, which has also contributed to why I always feel sceptical about using that app to trade my coins.
People should just and stay away from Bitget.

[Karl_3000]

Bybit is still very much far better than Bitget.

I have been using both but I prefer Bybit because Bybit is absolutely much better. Just make sure that you look at the amount the seller sent to your bank very well before you release the coin. There was a day that I made a mistake but I later contacted the seller on the exchange and also reported him, he later said he is sorry and sent the remaining amount. I am not saying people should make the mistake that I made, but I was very happy when he sent the remaining money to my account after I reported him.

[SuperBitMan]

This is a scam which is very bad this alone has destroyed the reputation of the exchange it is very bad for this kind of scamming to be happening in that exchange before now I was hearing that paying people complete was a huge problem for there traders and now this is now the new tactics the traders are using to scam people, well anyone who is trading over there should be very careful and pay attention to all details so as not to be scammed by any of the traders, thank you OP for bringing this up I usually use them sometimes and I don't even pay attention to this you have said and I know they may have scam me through this strategy without me knowing but seeing this information now when next I will be trading over there I will make sure I pay attention to every details especially to this that you have disclosed.
A lot of exchange we have now the traders there are full of scam and it will be best to start reporting them so they can get corrected or punished for their crimes.

[igebotz]

I just discovered this through Charles-Tim reply here. I saw the thread but it seems as something different till I saw the quoted text by Charles, will lock this now.

PS: After going through the thread again, I think I will leave mine open because both threads are still different, although I'm not disrupting the awareness there especially by CryptoHeadlineNews .

It is not a duplicate topic, the link I provided was just another complaint buried in another thread, so this thread will serve as  the main Biget p2p awareness thread for further related discussions.

I may split that post into this topic but that's something I'll decide later.

[Charles-Tim]

It is not a duplicate topic, the link I provided was just another complaint buried in another thread, so this thread will serve as  the main Biget p2p awareness thread for further related discussions.

I may split that post into this topic but that's something I'll decide later.

There is no need to split the post into this topic because all necessary posts have been provided on my first post which is the first comment on this thread.

I decided not to quote you yesterday because of how you behaved strangely to me on the thread that I quoted you like you were angry.

[Antotena]

I got Bitget on my phone but I barely use it, I mean I can count just how many times I’ve made use of that exchange, even though people do complain quite a lot about Bybit, although I’ve also had my own complaints too, but I still feel, even with all the complaints, Bybit is still very much far better than Bitget. This isn’t the first time I’m hearing such a complaint about Bitget, which has also contributed to why I always feel sceptical about using that app to trade my coins.
People should just and stay away from Bitget.

I have my account verified but I have ever deposited a single coin on that exchange because there volume suck. Their volume is wash trading using bots that's why I don't trust their p2p market. I know that Bybit is full of scammers and beggers that make one uncomfortable to do transaction but I used it every day for my transaction and I don't see this kind of things OP is complaining about, stop using exchanges like Bitget you will see they will work on their services.

I still blame the Nigerian government for making this harder for crypto traders, when there was Binance this activities were less, the good and the ugly were all in Binance but now that they don't provide the service anymore, they have disintegrated to other exchanges using tricks to cheat the market. I'm actually waiting for the useless government that want to take tax from people by the coming of next year January, I want to see how they want to take my tax from me.

[igebotz]

It is not a duplicate topic, the link I provided was just another complaint buried in another thread, so this thread will serve as  the main Biget p2p awareness thread for further related discussions.

I may split that post into this topic but that's something I'll decide later.

There is no need to split the post into this topic because all necessary posts have been provided on my first post which is the first comment on this thread.

I decided not to quote you yesterday because of how you behaved strangely to me on the thread that I quoted you like you were angry.

I already decided against splitting it before your quote

I have every right to act the way I did yesterday because it was the second time you quoted my posts out of context this week to troll me or to make me look stupid I don't know.

I'm actually waiting for the useless government that want to take tax from people by the coming of next year January, I want to see how they want to take my tax from me.

They will not do it directly , your exchange will and take it back to them.

[Charles-Tim]

I have every right to act the way I did yesterday because it was the second time you quoted my posts out of context this week to troll me or to make me look stupid I don't know.

It was not out of context at all. The first thread which was different led to a meaningful conversation and I accepted I quoted you out of context but you were not angry about it.

But the second thread which you were angry about was not out of context. You posted bitcoin like it is like altcoins, gambling and trying to let OP think that it is risky. If you see me started posting first in a thread, I am reading almost what everyone is posting. I read all what everyone was posting there.

I thought you accepted when you did not quote me there again because you posted that I did not understand English but I quoted where you posted it. Or maybe you can read what the OP posted again if you do not really understood it. Maybe that is what you did not get right. Although, it was like you understood the OP but you posted something that will make newbies to be afraid of bitcoin and also different from what I have read from reputed members on this forum. I am not saying you are not reputed, but that I did not expected such reply from you.

I'm actually waiting for the useless government that want to take tax from people by the coming of next year January, I want to see how they want to take my tax from me.

They will not do it directly , your exchange will and take it back to them.

Yes, but the exchange will make it clear to everyone that they are deducting it.

[Felicity_Tide]

~snip

The price changed when I clicked the ad to something smaller, I don't really know if this is a scam attempt from buyers themselves but I blame bitget creating such flaw system for them to act like this.

Just when I taught Bitget was doing great in terms of the scam issues among merchants when compared to Bybit, they've began to show some obvious flaws that they are not attending to. From the image of ads that you shared, if you noticed, there is a time that is far lesser/smaller than the actual time. When I noticed the update, I assumed it was the average time, but the truth is, it still doesn't show the exact completion time except you click the ads. I reported the issue, but I guess they were fine with their implementation.

Mind you, this particular flaws that you reported in the OP can't be noticed except you click the ads and try to observe the real price. The displayed ads are now proven to be manipulated. The best thing for everyone is to stay vigilant, and use the next information that comes after clicking any ads. Reading the merchant's terms is also vital, because a lot of them usually specify certain charges for certain reasons that are personal to them.