A small incident that leads to me getting scammed

[Mahiyammahi]

Snip.

I hope your kid is okay right now. Take a good care of your baby. I think you're still on that trauma you couldn't think straight now. He defenetly a scammer doing such a cheap trick. But hey you got a support option , bybit p2p has support option why not send proper infor with proof, if he is doing actively p2p business, bybit team might freeze his fund and you could get back your fund. Let us know the update dear

[AakZaki]

~sniip~ go back to the order and request a dispute in your dispute application make a screen record of the payment he made as you open your mobile app and open the transaction.

What this does is notifies bybit he stole your money that way his funds will be locked on the exchange till he can defend he actually paid in full. If you really wish to retrieve your funds you can pm me here on forum or telegram I may work you through this possible solution....
Cheers

It seems like that's a difficult step, bro, because the market confirmed the USDT release before it was released, and they assured the recipients that they were sure and had received their funds correctly. However, once it was released, it seemed the market was no longer responsible.
That's why P2P transactions require careful attention and don't rush. It's better to be late in releasing USDT than to lose it.

[Pi-network314159]

Although from the narration you have made here, it was your fault, but why I can't blame you that much is because the incident was caused by the ugly ncident that happened to your son. But what I will advice you is that next time if you have a pressing need to settle, don't just  go to exchange app to sell without cross checking if you are doing business with a scammer or not. I have fall prey to this people and trust me I have become more careful than ever before.. What they do is that they place a fake ad and attractive price and you think it's the real price, only for you to click on sell botton and see that it has changed to it orinal price. And unknowingly to you, you will be expecting to see the price you clicked without knowing that it has changed, so all you need to do is that each time you wan to sell and you have chose a machine just put the amount you want to sell and wait to see if the price changes, if it changes, that means its a fake Marchants that wants to scam you. But after putting the maximum amount you wish to sell and wait for some times and it didn't change, that means it a good Marchant that is trusted.

[Ultegra134]

Although from the narration you have made here, it was your fault, but why I can't lame you that much is because the incident was caused by the ugly ncident that happened to your son. But what I will advice you is that next time if you have a pressing need to settle, don't just  go to exchange app to sell without cross checking if you  e doing business with a scammer or not. I have fall prey to this people and trust me I have become more careful than ever before.. What they do is that they place a fake ad and you think it's the real price, only for you to click on sell  botton and see that it has changed to it orinal price. And unknowingly to you, you will be expecting to see the price you clicked without knowing that it has changed, so all you need to do is that each time you wan to sell and you have chose a machine just put the amount you want to sell and wait to see if the price changes, if it doesn't, that means its a fake Marchants that want to steal your money. But after putting the maximum amount you wish to sell and wait for some times and it didn't change, that means it a good Marchant that is trusted.

Well, it is his fault for releasing the funds in the first place, but as I'm understanding, he was in a shock and didn't think twice, which is understandable and can occur to any of us. Hopefully, all is okay, apart from the being scammed part. The question here shouldn't be what the OP did wrong, it happened and possibly should have looked to the negative feedback beforehand, however, the main concern is why the exchange is still allowing him to operate after so many complaints? I'd understand if it was one or two, could be a coincidence, or something else, but seven people? Why do they still allow him to transact with other users?

[HONDACD125]

Despite all the negative stuff people say about it, I still believe that Binance has more trusted vendors or P2P merchants than any other exchange, and that is the reason why I always use Binance when I need to sell or buy some cryptocurrencies, because I believe it's pretty transparent and user-friendly, and the chances of a merchant scamming you on Binance are slim unless you are completely out of your mind. So, whenever I have funds in another exchange platform, I first transfer the funds to Binance, and then sell them using the Binance P2P platform.

Also, never release the funds until you receive the receipt of the payment, and even after receiving the receipt, it's important to open your banking app and check if the amount is present there. Sometimes, even if the buyer sends the correct amount, the transaction might get cancelled, and the funds go back to the buyer, so unless you receive the funds in your account, you shouldn't release the assets.

[DYING_S0UL]

Despite all the negative stuff people say about it, I still believe that Binance has more trusted vendors or P2P merchants than any other exchange, and that is the reason why I always use Binance when I need to sell or buy some cryptocurrencies, because I believe it's pretty transparent and user-friendly, and the chances of a merchant scamming you on Binance are slim unless you are completely out of your mind. So, whenever I have funds in another exchange platform, I first transfer the funds to Binance, and then sell them using the Binance P2P platform.

Also, never release the funds until you receive the receipt of the payment, and even after receiving the receipt, it's important to open your banking app and check if the amount is present there. Sometimes, even if the buyer sends the correct amount, the transaction might get cancelled, and the funds go back to the buyer, so unless you receive the funds in your account, you shouldn't release the assets.

Yes, you are probably right about the statistics part. Binance does have a good repu when it comes to P2P merchants, and I really like their deposit feature for the merchant/traders, as well as their feedback system. But this is also true that no amount of reputation can make any platform completely scam free. No matter which platform we choose, scammers will always be there, lurking in the shadows, waiting for a pray to scam. So at the end of the day it's our responsibility to stay alert keep our guard high...For a newbie this might be a good choice..

Btw, by deposit I meant this below! This a a vendors' profile info! In cases of scam, if valid info is provided, victim will get compensation from this deposit. I don't believe I have seen this feature in other CEX's.

[Catenaccio]

Yes, you are probably right about the statistics part. Binance does have a good repu when it comes to P2P merchants, and I really like their deposit feature for the merchant/traders, as well as their feedback system. But this is also true that no amount of reputation can make any platform completely scam free.

These things are not innovated by Binance, and Binance P2P is a product that they copied from other older P2P market places. They can add something more to their P2P market place after some years of operations but initially it was not new P2P market place with any new feature at all.

It's true that at all P2P marketplaces, there are existing scammers and they are newbie accounts that want to scam other newbie users in the same P2P market place.

No matter which platform we choose, scammers will always be there, lurking in the shadows, waiting for a pray to scam. So at the end of the day it's our responsibility to stay alert keep our guard high...For a newbie this might be a good choice..

With whatever features deployed by Binance P2P and other P2P marketplaces, if you can not learn and prepare yourself, you will be a victim of scammers, especially if you are greedy and can not control your greediness and action. It's because scammers use "Too good to be true offers" for finding victims.

[CryptoYar]

[...]

Your view about P2P platforms is quite fair, as you rightly say that even trusted platforms such as Binance can never be fully safe since scammers always exist and it is job of user to remain alert and protect himself. However, special vendor deposit option that you have described is powerful safety tool, which holds portion of money of seller to pay back scammed victims and such an extra financial step makes the platform much more safe choice to new users as good name of seller becomes sure thing in terms of money.

[albon]

Your view about P2P platforms is quite fair, as you rightly say that even trusted platforms such as Binance can never be fully safe since scammers always exist and it is job of user to remain alert and protect himself. However, special vendor deposit option that you have described is powerful safety tool, which holds portion of money of seller to pay back scammed victims and such an extra financial step makes the platform much more safe choice to new users as good name of seller becomes sure thing in terms of money.

In my view, the biggest mistakes are made by users, especially those who don't follow the platform's recommendations regarding P2P, FAQs, and beginner's guides. For example, take a look at this link: https://www.binance.com/en/support/faq/list/66-67-265

Also, rushing and blind trust are what make any user fall victim to scams. Before releasing a transaction, we should verify that we actually received the funds in our bank account. Taking five minutes to check costs nothing..

We also shouldn't rely on screenshots sent by the merchant or even messages we receive on our phones. Moreover, haste can lead us to enter the wrong payment methods, causing us to lose our rights. Therefore, we should avoid conducting P2P transactions when our minds are not fully focused.

[IjawMan]

Your view about P2P platforms is quite fair, as you rightly say that even trusted platforms such as Binance can never be fully safe since scammers always exist and it is job of user to remain alert and protect himself. However, special vendor deposit option that you have described is powerful safety tool, which holds portion of money of seller to pay back scammed victims and such an extra financial step makes the platform much more safe choice to new users as good name of seller becomes sure thing in terms of money.

In my view, the biggest mistakes are made by users, especially those who don't follow the platform's recommendations regarding P2P, FAQs, and beginner's guides. For example, take a look at this link: https://www.binance.com/en/support/faq/list/66-67-265

Also, rushing and blind trust are what make any user fall victim to scams. Before releasing a transaction, we should verify that we actually received the funds in our bank account. Taking five minutes to check costs nothing..

We also shouldn't rely on screenshots sent by the merchant or even messages we receive on our phones. Moreover, haste can lead us to enter the wrong payment methods, causing us to lose our rights. Therefore, we should avoid conducting P2P transactions when our minds are not fully focused.

Is the accident that befell the child that made the op to lose attention to the details that he was cheaply scammed by the buyer in the p2p trade. The love of a father for his child as his first priority attracted all the concentration and thoughts on the well-being of the child than the money.

Any loving father under that situation will be unstable and distracted, for except the child was never loved by you from the beginning.  The rush and blind trust on this context is understandable, it was an accident that took place in the process of the transaction.

To wrap up, all exchanges will repeatedly give you a warning to be on alert against any possible scam from a merchant and never to release asset ontil you the seller have confirmed complete payment into your account.

But the exchange can support the community to raid scammer out of their platform by checking on merchants reviews and punishing those with scam proving reviews, and not leave everything to recommendations for a safe p2p trading.

[Mpamaegbu]

OP, sorry about your kid. I hope they're fine now? You can still do a scan to ascertain nothing got touched inside the skull.

About the P2P, you aren't to blame. Once people get distracted they become irrational and I guess that's what happened to you. I've taken note of that user's name. I will try deal with them when I need a merchant to see what they've got up their sleeves.

Anyway, like I've warned in our LB, there are criteria I use in filtering merchants I transact with and that merchant doesn't meet up. I don't transact with merchants whose trust rating is less than 90% to start with, even if I'm in a hurry to deal. Your merchant had 79%. With such merchants I don't bother to read reviews on them as that will be a waste of my time. It's obvious there's something not right with them once I see that rating.

I believe you gave them the necessary review and also reported the matter to Bybit CS on appeal? Don't let it slide.

[Slimzeee]

These Bybit scam guys are not relenting at all, they keep trying. Sometimes they’ll send an amount like 57,200 instead of 75,200, mixing up the numbers so it gets confusing and you might accidentally release the coins too quickly.

Now, Bybit even warns users before making transactions, which suggests they’ve probably received many complaints about this issue. Still, I’m not satisfied with how ineffective their response has been, Giving with the fact that this guy has been reported severely as well, it means they can do better.  They can definitely do better.

Overall, I'm confident your baby is doing well now. Sorry about the whole situation and may grace help you recover.

[RockBell]

Despite all the negative stuff people say about it, I still believe that Binance has more trusted vendors or P2P merchants than any other exchange, and that is the reason why I always use Binance when I need to sell or buy some cryptocurrencies, because I believe it's pretty transparent and user-friendly, and the chances of a merchant scamming you on Binance are slim unless you are completely out of your mind. So, whenever I have funds in another exchange platform, I first transfer the funds to Binance, and then sell them using the Binance P2P platform.

Also, never release the funds until you receive the receipt of the payment, and even after receiving the receipt, it's important to open your banking app and check if the amount is present there. Sometimes, even if the buyer sends the correct amount, the transaction might get cancelled, and the funds go back to the buyer, so unless you receive the funds in your account, you shouldn't release the assets.

Binance have the most trusted actually but the issue now is that binance does no longer accept naira because of the issue they had issues with the government which lead to the de listing of the currency and this is not the first time that people are encountering the issue with p2p in bybit so the best thing is to be more alert because i have also had my experience for us in Nigeria the most used is bybit and bybit have tried to address most of this issues, and am sure a lot of us have missed binance but we hope they will come to one accord and that is the only way because if the government and binance does not agree it wont work.

Thats why before you release you make confirmation because most of them wont even send the complete money, because there are just to many circumstance so in the term of op experience people needs to learn and since op have also experience, i don't think he will fall victim again.

[Cookdata]

Yes, you are probably right about the statistics part. Binance does have a good repu when it comes to P2P merchants, and I really like their deposit feature for the merchant/traders, as well as their feedback system. But this is also true that no amount of reputation can make any platform completely scam free. No matter which platform we choose, scammers will always be there, lurking in the shadows, waiting for a pray to scam. So at the end of the day it's our responsibility to stay alert keep our guard high...For a newbie this might be a good choice..

Btw, by deposit I meant this below! This a a vendors' profile info! In cases of scam, if valid info is provided, victim will get compensation from this deposit. I don't believe I have seen this feature in other CEX's.

OP is a Nigerian and right now, Binance doesn't provide p2p service for Nigeria due to local laws and laundering concerns label against Binance, in response to listening to local regulations Binance pull out its p2p market from Nigeria and delist ₦ market from the exchange.

Bybit existed before this Binance collapse but right now it's seems like the government has clamp down most centralized exchanges with p2p service but allow Bybit to function very well. Half ot more Nigeria traders has an account with Bybit and has used the platform before, now it looks like scammers are now concentrated there than it used to be when people were less on the exchange. It's either the government is working with Bybit or Bybit is working  for them.

[Ojima-ojo]

Online never trust anyone blindly, this is not about bybits or about the scammers, this is about you not playing your part of the deal and you got scammed we understand.

As you have already mentioned the incident that happened with in the trade time, is enough to cause you into devastating State of mind and you learn lesson for next time, sorry mate.

[Btcslop]

I am really sorry to hear about what happened. First of all, you must have been terrified when your baby fell, but thank God they are okay—that is the most important thing. Taking care of your child and keeping them safe is always the top priority, and the fact that you are careful shows you are a responsible parent. Accidents like this can happen to anyone, so instead of blaming yourself, focus on your child’s health and well-being. Regarding crypto and P2P trading, scams like this are unfortunately common. Losing money is painful, but it’s also a valuable lesson. In the future, always double- or triple-check balances, confirm the exact amount has arrived, and never rush when releasing funds. Falling victim doesn’t mean you were careless; it just teaches you the importance of caution.

Most importantly, be kind to yourself. Your baby is healthy now, and you are learning to be more cautious. With patience, vigilance, and proper verification, such incidents in crypto trading can be avoided. Stay calm, trust yourself, and find comfort in your child’s recovery.

[Altryist]

Yesterday evening something bad happened and I lost all my sense of thinking, here is what happened.

My baby fell from the staircase using his walker and I was in the kitchen doing some dishes, my mind was all on exchanging some money to my local currency to settle some bills which must be settled yesterday.

So I was on bybit before the incident, using P2P to sell some USDT to my local currency, I was paired with someone and was waiting for credit alert on my bank account.

Then the incident happened, my baby's head swelled up and I had to rush him to the nearest health center, this incident scared the shit out of me that I couldn't drive, I had to ask a neighbour to drive us down to the hospital, Thank God it doesn't get worse and things were back to normal.

After getting back I put him to sleep and the opened P2P messages was on my phone stating that the person already paid.

I was to exchange $35 and I was to get 51,000 in my local currency, stupid me thought I was expecting 31,000, and the person that i was paired with sent 31,000.

I don't know what got over me, but I guess it must have been that incident, I released the fund to that scammer on Bybit, it was later that I found out that I had did something wrong.

There is nothing I can do, the guy got the USDT already and I messaged him but he never replied, I went on his profile and I get to know that he had done the same to 7 other people.

The trick is he will send half of the amount to your bank account, hoping that you are in rush to release the fund, as stupid as it sound it make a victim out of me yesterday.

The user is named SOMMIE-EX

I think this is such a large amount that it's worth worrying about too much. If you think you want to spend time trying to get the rest back, try contacting support and provide them with screenshots showing all the transfer amounts. I think they should have ways to fix this, and they're interested in eliminating scammers who steal money. You probably let this happen because you were distracted by your child; that was far more important.

[knowngunman]

Be careful with peer to peer trading, check your balance more than once when the other person claimed that they have paid, make sure it is the exact amount and it is showing in your bank balance. If this money was more than $35 I would have lost it all yesterday.

This issue has been discussed severally in Naija local board and enough awareness is already created about this incident. In your case, I won't say it's your negligence or carelessness since the circumstances is a life threatening one. We found ourselve in unexpected condition at times and get our attention distracted but I do make sure I avoid any form of distraction doing any online transaction especially if it involves strangers like Bybit vendors. Some of them are deliberate scammers seeking possible means to scam innocent people. I had similar experience some few weeks but I didn't fall for it.

[Rockstarguy]

Snip.

I hope your kid is okay right now. Take a good care of your baby. I think you're still on that trauma you couldn't think straight now. He defenetly a scammer doing such a cheap trick. But hey you got a support option , bybit p2p has support option why not send proper infor with proof, if he is doing actively p2p business, bybit team might freeze his fund and you could get back your fund. Let us know the update dear

This is the best thing to do, to report every attempted scam because if the exchange is not aware about such behaviour, people like this will continue this way to scam people more and instead of scammers to reduce in the platform it will get increased. I feel when users of exchange are lucky to escape scam they dont have any worries to report to the exchange because they feel they didn't fall victim to the scammer. I know exchange like bybit are very strict with scam activity,  even if you are being reported for scam, they first restrict your account immediately and make an investigation before activating your account back again.

[coolcoinz]

Oh the carelessness. It always gets its toll.
Thankfully he paid  some of and the total amount was so small. I often lose that kind of money to changing prices of goods and services. I call it loss but It's just bad luck. For instance, I want to buy an item and the cheapest according to these sites that compare prices is at that store for $500 and then literally a day or two later I check the prices and it's listed for $400 on sale somewhere. Theoretically that's $100 of my loss.

I'd be happy that this small amount of money has taught you something. You paid for a lesson so that you won't lose more in the future.