New Scamming Tricks On Bybit And Bitget Be On Alert.

[JoyceBTC]

Op thank you very much for this new information and update. Personally I have not yet made use of bitget or bybit but I believe this thread will be as a guide for me and others here to be very careful when making p2p transactions despite the fact that they are also other threads that has created awareness of p2p scams. But I believe as you said this is now the new method in which they use in scamming people.

I am also hoping to see more useful ways in order to avoid being scammed under this thread by other members here and how to detect a P2P scammer.

[Marykeller]

Na because of all these scams report from Bybit exchange na em make before I trade with any merchant for Bybit, I go first check their reviews whether em reach 99%, and wetin people being comment about them, whether there are frauds attempts carried out by them. If there is, I no go trade with the merchant. If there is not, I go trade with the merchant, to look out whether em go try play a fast run with me or not cos my body no go accept such rubbish with am without reporting the merchant immediately, for attempting to scam me.

[Antotena]

Na because of all these scams report from Bybit exchange na em make before I trade with any merchant for Bybit, I go first check their reviews whether em reach 99%, and wetin people being comment about them, whether there are frauds attempts carried out by them. If there is, I no go trade with the merchant. If there is not, I go trade with the merchant, to look out whether em go try play a fast run with me or not cos my body no go accept such rubbish with am without reporting the merchant immediately, for attempting to scam me.

Reviews are not enough, make sure to exclude palmpay from your payment options. I once had a transaction pending from Palmpay account and after some minutes, the transaction was canceled but somehow the guy rejected the p2p trade, I don't know what made him cancel the trade, perhaps he saw the money reverse and he decided not retry again, since then when I want to trade, I make sure I don't deal with any merchant that use palmpay.

I'm not sure if I'm the only person that see "Acknowledgement" when you enter Bybit p2p making users to alleged to know about palmpay payment reverse. If they know about this and know how traders has been affected, then I think at this level they should be ban from using Palmpay as bank option to receive money if indeed they can reverse a transaction. The ban remain the same until they are able to find a solution to this transaction rejects.

[Son Of Blockchain (SOB)]

Na because of all these scams report from Bybit exchange na em make before I trade with any merchant for Bybit, I go first check their reviews whether em reach 99%, and wetin people being comment about them, whether there are frauds attempts carried out by them. If there is, I no go trade with the merchant. If there is not, I go trade with the merchant, to look out whether em go try play a fast run with me or not cos my body no go accept such rubbish with am without reporting the merchant immediately, for attempting to scam me.

This one wey you done talk no be lie, atleast from their review, person fit get idea whether the person them wan fellow trade dey very legit. However sometimes no be about reviews cause even the one with good reviews fit wayo you if them notice say you no dey smart, through the way you interact with them.
 The main thing na to just dey very smart then let them know say dem no fit play with your intelligence and you go open dispute with them, when you notice say the trader dey try act fraudulent.

[Fiasem20]

Luckily I haven’t being a victim of scam from the exchange I’m using.Thanks mate for the crucial information you’ve posted on this local board of ours.The rate of scam in the crypto space in regards to centralized exchanges is so alarming and one should be extremely careful when dealing with merchants on exchanges.Don’t release your coins when you haven’t confirmed your payment from your bank account.Confirming your payment doesn’t mean you should open your mobile bank app to check if payment has been received,confirming is beyond that,kindly transfer part of the money to your other bank account,now the reason we’re asked to do that is to confirm if the alert wasn’t fake.Should there be a need to build an offline relationship for p2p transaction with a merchant you met on the exchange?it isn’t necessary anyways.

[knowngunman]

These are some of their new tricks.

1) They send money using Opay or palm pay after releasing your coins you will notice failed transaction in the payment that was sent to you.

I once experienced similar things some time ago but it wasn't actually a scam attempt, it was due to network glitch. Opay is very quick to notify you of incoming transfer even before the transaction is fully processed from senders bank. Opay notified me of incoming transfer pending approval. The transaction was on pending for several hours before the status was later changed to failed. The merchant wanted me to release the coins within that period but I stood my ground that I won't release anything unless the value reflects on my balance. It was a dramatic night that day as both of us provide evidence for the appeal team to access until we both felt asleep. The merchant later confirmed that the money was reverse to his account in the midnight and he then resent the money while I confirmed and release the coin. He sent the funds from Kuda and not either Opay or Palmpay. Some of them actually have intention to scam but in cases like this, it's probably due to network glitch.

2) They will request you cancel the thread after claiming that payment has been sent to you when they paid nothing to your account.

I have experienced this as well. Although I don't always find it comfortable when a merchant asks me to cancel trade, it always look suspicious to me because I don't understand why they will ask me to cancel the trade when they can equally do it from their own end. I challenged one the other day and he told me that he has reached the order cancellation limit for the day. He's probably right because cancelling more than three orders in a day will put your account on suspense and P2P restriction. Unless there is other foul play from the merchant, this should not be an issue if they offered a valid reason.

3) They will request for offline transaction between you two instead making use of the exchange.

This is a total red flag. Even the exchange warned against this and distant themselves from anything that happens elsewhere other than their platform.

[Mayor of ogba]

However the first part is what I don't really get well because I wonder how someone would be credited on either there opay or palmpay but could still be manipulated by the sender into becoming a failed transaction if they want to, I have not experience this and I pray I never experienced it.

It's called a fake transfer, but alot of people are already aware of this common scamming trick in P2P trade. The best way to combat this trick is to always use a bank app anytime you are trading your bitcoin or USDT on either Bybit or Bitget exchanges to receive your money. If you are trading in P2P and the buyer indicates that he has made payment, first thing you should do is to login your bank app to confirm the payment. When you have confirmed the payment, you should send the money to your other personal bank account to verify if it's not a fake transfer or not.

[Qhunman]

However the first part is what I don't really get well because I wonder how someone would be credited on either there opay or palmpay but could still be manipulated by the sender into becoming a failed transaction if they want to, I have not experience this and I pray I never experienced it.

It's called a fake transfer, but alot of people are already aware of this common scamming trick in P2P trade. The best way to combat this trick is to always use a bank app anytime you are trading your bitcoin or USDT on either Bybit or Bitget exchanges to receive your money. If you are trading in P2P and the buyer indicates that he has made payment, first thing you should do is to login your bank app to confirm the payment. When you have confirmed the payment, you should send the money to your other personal bank account to verify if it's not a fake transfer or not.

I have never experienced fake transfer although I have heard about it from people who were victims of it. I will stick to your advise,I will stop releasing coin immediately to avoid falling victim to fake transfers . What I will do next as you mentioned, is to transfer the money out to another bank account of mine to verify whether the transfer was real or fake. We need to shine our eyes because this scammers aren't relenting they are still devising new strategies to scam users.

[7juju]

a) After receiving payments from the merchant, confirm if the #50 tax was deducted from the money sent to you that's if the transaction is 10k and above, do not rush to release your coins kindly delay the release for 5 minutes or simply make a transfer from the account just to confirm the amount that will be left after your transfer with this you will be sure you still have the payment that was sent to you.

Like I want to confirm something here, is it that when the money had reflected in your Opay or palm pay account and you have seen it there, you mean it can later change to failed transaction, even though you have received notification from the bank that you have received certain amount of money in your account? A transaction that is a failed one shouldn't even reflect in the first place.  Well thanks for the heads up.

c) Never accept any offline P2P transaction with a merchant you met on the exchange, they will make you to trust them by doing business with you good number of times, the moment you feel too comfortable with them they will ask you to end your coins after sending your coins the next thing you will get is blocking.

No matter how comfortable I get with you while trading offline with a vendor, we will always do it the exchange way. The buyer send money first before the seller release the coin. There's a reason why this rule was set that way. So anytime someone as you to send coins first before sending money, common sense should tell that person that something is not right. If you follow this rule  the way it is, you won't have a problem with offline trades.

[Oshio-man]

Despite their new tricks you have reviewed to the house, they will definitely come out with new tricks they will use to catch some greedy crypto users in this season, we all know that there is hardship in the land and it will make those scammers to full everywhere in the market because they know that sellers will be selling their bitcoin and other cryptocurrencies to buy goods for this year celebration of the festival that remain few days, thanks for the update op, I will be very careful with any transactions am going to engage with any buyer in the market because I don't want to fall victim to those stories of scammers am hearing from this thread.

[Agbe]

The most annoying part of this vendors is the price negotiating part with bitcoin and me I don report them many times. And to my surprising part, I sold Bitcoin in Bybit and I received the pay without negotiation. This was a surprised to me because those guys are 100% good with negotiation. But you no go use the vendors at the top ooh and those vendors at the lowest or at di bottom.

[Ronsbit]

Weldone OP, this is a good expository of what these scammers do on exchanges, which makes it look like child's play. They are always ahead, and it will take only a person who is vigilant and alert to be able to detect them and do away with them. I have encountered many attempts on the Bybit platform while trying to transact, but I have been lucky to be able to handle them, and one thing I always do is report them and leave a review so that anybody who wants to deal will see for themselves before proceeding with their transactions. It is better to play safe by being on alert than letting yourself looseguard for scammers.

[Mayor of ogba]

The most annoying part of this vendors is the price negotiating part with bitcoin and me I don report them many times. And to my surprising part, I sold Bitcoin in Bybit and I received the pay without negotiation. This was a surprised to me because those guys are 100% good with negotiation. But you no go use the vendors at the top ooh and those vendors at the lowest or at di bottom.

I experienced this price negotiation in Bybit last week, but I told the merchant if he wasn't ready to pay me the complete money that's in the trade, he should cancel the trade or wait for the time Bybit set for the trade to be carried out to elapse so that the trade will automatically cancel. Before I knew what was happening, the merchant sent the complete money to my Opay account. Always be strict with P2P merchants, or else they will play you for a fool.

[EarnOnVictor]

1) They send money using Opay or palm pay after releasing your coins you will notice failed transaction in the payment that was sent to you.
a) After receiving payments from the merchant, confirm if the #50 tax was deducted from the money sent to you that's if the transaction is 10k and above, do not rush to release your coins kindly delay the release for 5 minutes or simply make a transfer from the account just to confirm the amount that will be left after your transfer with this you will be sure you still have the payment that was sent to you.

Wait a minute, are you saying the buyer would send money with Opay/Palmpay, and the money will later disappear? I don't really get this explanation. If it's so, then it's a serious problem.

Though I doubt it strongly because they could use that trick on you only if you agree to releasing the coin only by the screenshot shown to you, or by mere seeing SMS notification. Otherwise, if you went straight to your bank app to confirm it's there, I don't think they can do that trick anymore. This is because bank transfer are not easily irreversible. Even the banks are being careful of this kind of vices, and more reason why they are now advocating that you double-check your transactions before you send them because they're irreversible.

However, the N50 stamp duty confirmation is a very good way to go. But don't you think they couldn't still send that separately to trick some impatient people too? Above all, my best bet is to ensure that the exact money entered your bank account, and then only confirm it directly through the bank app. Not through SMS or app's pop ups.

[GiftedMAN]

1) They send money using Opay or palm pay after releasing your coins you will notice failed transaction in the payment that was sent to you.
a) After receiving payments from the merchant, confirm if the #50 tax was deducted from the money sent to you that's if the transaction is 10k and above, do not rush to release your coins kindly delay the release for 5 minutes or simply make a transfer from the account just to confirm the amount that will be left after your transfer with this you will be sure you still have the payment that was sent to you.

Wait a minute, are you saying the buyer would send money with Opay/Palmpay, and the money will later disappear? I don't really get this explanation. If it's so, then it's a serious problem.

Yeah that's exactly what it means and it is called fake transfer. You may think it's impossible till you have had the experience with them but if you fall victim you will run back to this thread to share your experience. Before creating this thread this thing happened to me I was lucky not to have released the coins after receiving payments but after a while I noticed that the amount I received was showing failed I quickly reacted and the merchant just said it's an error from his bank. Scammers are everywhere especially in bybit they are becoming more than the real vendors.

[Promocodeudo]

I have never experienced fake transfer although I have heard about it from people who were victims of it. I will stick to your advise,I will stop releasing coin immediately to avoid falling victim to fake transfers . What I will do next as you mentioned, is to transfer the money out to another bank account of mine to verify whether the transfer was real or fake. We need to shine our eyes because this scammers aren't relenting they are still devising new strategies to scam users.

From the onset I don't release coin until I confirm the transaction from whom am dealing with, and it must be with the name intact, I also make sure I send half or more than half of the money out to know if it will reflect in other account just as the op said, i have known this for a very long time and I don't joke with it, the truth is that, scammers are too much in bybit as we speak and we must all be very careful if we don't want be their easy victims, right word you used here, we really need to open our eyes wide, they way those guys are going, I don't even trust all thkse their rating again, so it is better we just keep a close check because these guys are getting more shady by the day.

[Pablo-wood]

I noticed this in the last two transactions I did on bybit. One of which seriously claimed she made a transfer for my Opay with all level of seriousness and even threatened to file a dispute if I don't release the coin. I had to threaten the user and immediately filed a dispute before the scammer admitted the transaction failed from his/her end and decided to cancel the trade. This fellows are extremely desperate this festive period and one has to be extremely careful.