Why you need to Understanding the Peers to Peer trade system before trading

[Jaycoinz]

When I am trading, the screenshop of the transaction is not enough for me to release funds. Alerts also will not make me close the deal. Until the amount sent reflects on my account balance, I will not release the coins. I have made mistakes in the past and am not willing to take such a risk again. The trader would have to wait until I fully confirm that my account balance has correctly reflected the agreed sum.

Most people are still making such mistakes up till now, they always fall a victim of scammers, don't know if they are busy or its the act of trust. Just as you have, until the amount you are expecting has reflected to your account, that is when you should close the deal, by then you are already at the safer side, which you won't lose anything and because of this act of ignorance that is being done by some people, scammers have done make it a normal thing, so that they will always take other people money before they will realise themselves and the earlier people understand this, the better for them.

It's pretty simple, there is almost not anything that can be replicated these days and same goes for receipt and anything pictorial but not just because of these reasons anyways, there are so many possibilities that could occur if you decide to release the coin without the confirmation of funds actually reflecting on your account balance and I wouldn't want to be a victim of such so it's best for anyone to confirm first before releasing any money to anyone.

[Decimetre]

Scammers are very smart and it is very difficult to end scam because even scammers also read what people plan to do in order to avoid scam. It is possible to have some of those people among this forum which means that they will also learn the escape route and also upgrade their own skills too. It is more effective not to rush and release your coin when you are not sure you have received the money. I suggest that if PayPal allows reversal or other payment methods that allow reversal, you can first transfer the funds out of your account to a second account before releasing the coin. Some people have been scammed and some people will be scammed more if you are not careful when you're doing those transactions.

[ejikeme24]

[Edited out]

Bro, your own strong oh. So the trader go wait until you move the money to another account before you release the crypto. You just remind me of one comedian way him name na "Ndu Baby". The guy sabi nak fake alert .

But as long as say the money reflect for your bank account balance, no shaking. The thing show say the bank don receive the money and eh don enter your account. But I no mean say make you stop your own pattern oh. Na the pattern way favour you na him you go use oh.

LoL, you're making it look like moving money into a different bank take a lot of time, this is just something that happen within 2 minutes sometime it might not even get to 2 minutes. The reason why I decided to apply this method while trading is because I have heard several stories about how vendors has been sending fake alert to people even outside crypto trading I still see this happening that is why I'm very careful in whatever thing I do especially when it has to do with money.

[DiMarxist]

Nice thread you created here, there is great need to have a good understanding of p2p trading systems before ever going to ever trade in it to avoid been a scam victim. The most important point that, I took away from this thread is that, don't make the mistake of leaving the p2p trading platform and go to places like telegram or wassup with either or merchant or even a buyer because, you could get scammed from there. Always make your that you keep all communication official on the trading platform.

[MorganaX]

Nice thread you created here, there is great need to have a good understanding of p2p trading systems before ever going to ever trade in it to avoid been a scam victim. The most important point that, I took away from this thread is that, don't make the mistake of leaving the p2p trading platform and go to places like telegram or wassup with either or merchant or even a buyer because, you could get scammed from there. Always make your that you keep all communication official on the trading platform.

I believe with all the scams and attempts to scam that have been going on, I think most of the CEX hosting the services of P2P have also made it a mandatory notice that you don't get to trade outside the app because the moment you do, you have been labeled volunerable and most times it's maybe the greed offer that is made or probably the rate at which that particular trade set on his tabs.