A new scam attempt through trade cancellation.

[Victorybit1]

I know say sometimes we dey get bills to settle. So we need to rush exchange money. These scammers fit take advantage of our rush rush condition collect our money. Na him make we need to calm down, check all the checkables before you click anything. Me I dey even call my paddy wey dey around me to confirm payments for my bank alert before I release the coins. Thank God say him plan no work.     

My brother no be small matter oo, so many times wen I don rush wan release coin for trade so many times but something dey always push me to check at the very last minutes and e dey always dey worth am because most of the time the vendor Dem dey even fluctuate the price for their ads from the original and if you come go make mistake release coin for that kind trade na be say your coin don go be that oo

[coinlary]

Still a bit foggy to me , I can't  really process the whole drama that happened but OP, do you have a screenshot of how the prompt or Notification  looked like  so that other won't fall for such attempt possibilly in the futre because i think this seem new .
I never had to deal with order cancellation so I don't  know how it really works  a quote or maybe a screenshot  could go a long way , just saying .

[Kelward]

Thanks OP for sharing your experience with us, nobody knows everything finish and for us wey never encounter such experience na opportunity for us to guide against am Incase marchants wan scam us for CEX p2p. My own experiences wey I don encounter be say di vendors go say make I release coins, if money never enter my account I go just ignore until I see money before I go release coins.

On one occasion wey I never see 'release coins' I ignore as usual, di guy called me say how far say im don pay but I tell am say I never see release coins before I go check my account. Im advice me to update my CEX app for play store, as I do am I come see release coins for di app, I check my account money don enter and I release am.

[AYOBA]

Scammers would always come up with ways to trick a trader who is unsuspecting and blindly trusts the system. I have been trading for sometime to know that before I confirm any transactions, I must first check my bank balance to be certain the amount paid in has reflected, otherwise I don't give a consent to proceed.
I also try to reduce the time limit of transaction from 30' to 15' and within this time frame, a trader must complete the sell/buy  order, otherwise, it gets cancelled automatically and then I choose another vendor.

This issue of those scammers has been popular these days. Before, only a few people were complaining about those vendors, but now it seems that the thing has become obvious since they are trying to scam everyone that wants to trade with them, and that’s why it’s good for us to be very careful when we come to P2P so that we won’t fall victim to them.

Yeah, some traders will tell you that they have made the payment and then ask you to release the coin, and sometimes if you want your banks to confirm the transactions, the money will not reflect until you chat with them before the money can reflect, so in this case if you were to say you’ve released the coin to them, that’s all your assets will just gone for nothing.