Is it possible for Bitcoin transactions in naira to stop due to p2p scams

[Mr intelligence]

Bitcion transaction in naira can definitely come to a halt or least slow down a lot because of p2p scams and the possibilty that follows while peer to peer trading has been crucial for Nigerian crypto sence the increase in scams like fake payments notifications, bogus chargeback and coin Locking has put a lot of stress on this way trading.
‎Here how p2p scams can lead to a halt in Nigeria transactions
‎Banking transactions accounts freezes and actions crooks frequently use stolen money or fake transactions to buy Bitcoin. When victims complain Bank may freeze the account if innocent traders or regulation such as the EFCC might urgent bank accounts to stop all the crypto transactions leading to less available funds. Voluntary stopped by exchange because of high scamming levels and more attention from authority largest exchange like the binance
‎Even with the significance risk of p2p training is happening but there is shift towards tighter regulations the Nigerian is advocating for transactions to be considered on licensed platforms and in the investment and securities acknowledge crypto and securities enforce tougher rules on platform to combat fraud
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‎So far, these are the few ideas that have kept me going and I would also like those that are more advanced than me here to drop their opinion on this thread so we transactions in naira due to p2p  scams can all benefit.
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[Charles-Tim]

No, it is not possible for bitcoin P2P transactions and any other crypto P2P transactions to stop just because of P2P scam in the country. Just make sure you learn how to avoid these scams, that is all that you need.

Know when to release the coin and when not to release coins. Know when to make payment. Know when to report. Also making sure that you pay only to the bank account of the name the person provided on the exchange and make sure the name is the same as the bank name.

[Mr intelligence]

Iagree. P2P transactions cannot stop because of scammers. The most important thing is for users to understand how P2P works and follow the safety rules. Always verify the trader's details, send payment only to the account that matches the verified name on the exchange, and never release your coins until you have confirmed receipt of payment. With proper knowledge and caution, P2P trading can remain safe and effective."

[Mate2237]

Scams is everywhere so will you say that, because someone lost his money to scammers from his bank account and so all banks should be closed down. No things don't work that way. You can't say that p2p transactions should stop simply due to scam it doesn't make sense this way if you ask me , because p2p transactions even though there is cases of scams happening due to ignorance of the people has far importance and impact rather than just looking at it from only a negative point of view.



The only remedy to stoping scam is simply and that remains through creating more awareness. Before you venture into anything that has to do with p2p transactions on any of the exchange, you have to take careful note of the facts that scams exists and anyone you are trying to deal with. You should tread with caution always watch out for red flags and always stay informed about lastest information when it comes to p2p scams so that you will be always ahead of these scammers.

[Audrey Simmons]

This is not a thread that should be raised, there has been many scams before now, bank scam in fiat and it didn't stop Naira from retaining its value. Scams are everywhere, it is left for anyone to avoid becoming a victim.

I have been through different P2P hazard, as a result of little understanding and awareness, I can tell when something feels wrong during transaction, some people are too carefree they don't feel deals going wrong, some don't know how to appeal in a P2P platform.

[Pablo-wood]

It is just like saying bank transfers should halt because many people are doing fake transfers and others are manipulating figures when their victims seem to be carried away by other activities. Transactions between two parties in the crypto space is called P2P for a reason. Primary because both parties need to stay alert at their highest abilities because they are obviously dealing with complete strangers.

Scam os not going to end of even if P2P transaction is stopped, Infact it will give this scammers something to research on inorder to stay ahead of their game waiting for new victims.

[Hypnotizer]

Iagree. P2P transactions cannot stop because of scammers. The most important thing is for users to understand how P2P works and follow the safety rules. Always verify the trader's details, send payment only to the account that matches the verified name on the exchange, and never release your coins until you have confirmed receipt of payment. With proper knowledge and caution, P2P trading can remain safe and effective."

Then why did you create this thread in the first place if you agree it can’t stop just because of scammers? P2P is something that can or would be very hard to control because as long there are the two parties available…the buyer and seller then it will surely hold. 

Even if the government regulate or even ban these P2P platforms, they can’t stop P2P transactions from occurring because they have no control about that.

If someone is experiencing much scam attempts in a particular platform then he/she can just change to another platform with lesser scam attempts which they trust..

[Mr intelligence]

My intention was not to suggest that P2P transactions will stop because of scammers. I created the thread to discuss whether the increasing number of scams could discourage some users from using certain P2P platforms and how that might affect adoption.
As you said, P2P trading itself is difficult to stop because it only requires willing buyers and sellers. Even if a platform is banned or heavily regulated, people can still find alternative ways to trade directly.
The real concern is not the end of P2P, but the need for users to become more careful. Learning how to identify scams, using trusted platforms, following escrow rules, and trading only with verified users can greatly reduce the risk. If one platform becomes unsafe, users can always move to another platform they trust more.