P2P: The Dark Truth
Nobody Tells You About (peer to peer) P2P platforms.

Before you hit that  "sell" button, let me share with you what you really need to know about the risks you might be facing as a  seller. 

THE FATAL FLAW OF TRADING
ON P2P PLATFORMS:

✨️A significant amount of stolen
funds in Nigeria is laundered
through crypto P2P transactions
It is often impossible to identify
stolen naira, as there are no
visible signs of theft on the
transfers. Imagine being called in
for questioning and being unable
to provide information about
your buyer to prove that your
transactions are legitimate.

✨️The nonchalant attitude of most
buyers on Bybit P2P can be
extremely frustrating. While it`s
true that Nigerian bank networks
can sometimes be unreliable, 
some buyers make this encounter
even worse. Here's what they
often do;
When bank networks are down,
the exchange rate typically
drops. To take advantage of this
buyers will mark trades as "paid"
even though they haven't made
any payment. Their goal is to buy
at a low rate and sell at a
higher rate once the market
stabilizes. They then go ahead to provide series of excuses for this delay.
Once the bank networks are
restored and the rates begins to go up they finally
make the payment, effectively
exploiting the system.
This behavior is both unfair and
frustrating for honest traders.

Secondly, Chargeback Fraud on p2p
platforms.

Some dishonest traders on Bybit p2p platforms engage
in chargeback fraud by exploiting
the legal system. Here's how it
works;
They make payments to a seller
and, after a year or more, they target
those past transactions. They go
to court and obtain a court order,
claiming either that the
transactions were unauthorized or that the goods or services they
paid for were never delivered. lf
they successfully obtain the
court order, the court directs the
banks to reverse the transaction, 
effectively charging back the
payment.
These fraudulent practices can
cause significant losses for
honest traders and this stresses the
need for proper caution and good
documentation of all
transactions.

LETS EXPLORE THIS SCENARIO WHY 3RD-PARTY PAYMENT MAYBE BAD:
A friend tried selling #1m worth
of USDT on P2P. He opened a
trade with Mr. A, not knowing that Mr A has business partner offline
who wanted to pay him for POP
cement supplies. Mr. A asked his
Pop buyer to send payment
directly to my friend's acct. The
inflow matched Mr. A's nickname
(he edited it for the trade), so my
friend assumed all was fine
Turns out Mr. A didn't fulfil his
own part of the deal, by
supplying the pop cement. The
Buyer couldn't reach Mr. A, so he
reported my friend's acct to EFCC
since that's where he sent the
money. My friend (the victim) got
called for questioning.
NEVER accept 3rd-party
payments!

Why Most People Prefer Trusted
Exchangers on whatsapp for the following; 

1. Better Communication
Trading with a known and trusted
entity makes it easier to resolve
issues. E.G. if a transaction is
delayed due to banking network
problems, you can quickly
contact the other party for
updates.

2. Security
Trusted buyers help mitigate
risks of fraud. If any issue arises
such as claims of receiving
stolen funds, you can easily
contact the buyer to verify and
defend their payment.

3. Quick Transactions
Payments are typically faster
since you can directly
communicate ur urgency with
the buyer before selling. In
contrast, P2P platforms often
have delays, traders may hold
a trade for a long time, and if the
rate drops, they might cancel on
you.

Solutions:

Trade with verified Exchanger
It's always better to trade with
ppl you know offline. Don't risk
EFCC or police wahala over 1-2
naira diff.
Ask your trusted people or idolos
to refer their vendors  to you, it'll boost your confidence
when dealing with the vendor.

GET IN TOUCH:
I'm always here to buy your bulk
and Unit Usdt. Click on the telegram  link
to get the best rate updatesYou can also  about me, for security reasons