I got scammed on LocalBitcoins and started looking for new p2p trading platforms in South Africa and came across Vertex Market (
https://vertex.market ) as they posted on BitcoinTalk. Here:
https://bitcointalk.org/index.php?topic=5194938.new#newHas anyone used them before? I have already made a couple of small trades which all worked but nothing over $100 because Im a little scared putting in large amounts on a platform I just found.
The platform works great but I just want to know if anyone else has used it and if anything, bad has happened? It will probably be my go-to trading platform but need to confirm first.
Sorry to hear that. As CEO of Vertex itself I know that this could also happen on Vertex if you do not pay attention to instructions (not accusing you of doing so).
The most common is the PayPal refund by a customer. This is why we insist on having the buyer add a payment reference and must validate his account on paypal with us first.
So far, not a single refund has been grated to scammers with this approach, however, if you just accept payment coming from a random account, you might get scammed.
The same applies for localbitcoins or any other p2p platform. I would assume that most scammers are active on every single platform, including Vertex but they can't do a PayPal scam if you follow instructions.
Regarding being scared to trade more than 100. please feel free to contact me in a PM and maybe I can help you overcome that uncertainty.