Exchanges Are Not Buying Coins With the Real Dollar Price Again.

[Youngrebel]

The topic don talk everithin. Na last week I come dey notice say di price wey exchange dey display on their platforms no be di amount dem dey buy now. And I don't know why.

The current price in bybit exchange now is $1 is N1381.

And if you calculate with that figure with $100 that should be 138,100 naira.

But the amount u go receive with di same amount $100 from di exchange na different amount below di normal amount before.


Dem dey buy below di normal current dollar price. Why dem go display a rate and dey buy or sell with different rate wey dem no display there?

[Charles-Tim]

Do not let people be confused about this. You can easily understand from the image that I posted below, that featured ads are different from other ads. The futured ads have lower prices on Bybit.



The note you see underneath is what you will see if you click on the featured with question mark in circle in front of it.

Bybit is a bad place for P2P. The exchange is doing everything that will make some people just scam and nothing more. So people that have high rate will later also tell you that they will deduct money. The featured ads can even encourage that.

Use better exchange for P2P.  Bybit is not one of them.