Post
Topic
Board Beginners & Help
Re: what would I do, if I paid for coin and the seller refused to release it.
by
avp2306
on 27/03/2024, 09:30:07 UTC
something triggered me to ask this question, As a new trader As I am, we know very well that binance is no longer in Nigeria any more. some weeks ago I paid for particular coin and the seller refused to release the coin to me, the next thing he do. He went Off line for about 3 hours before coming on line again,at the end of the day he released the  coin to me after 3 hours. because binance security was so secured, if the person doesn't want to release the coin.you can quickly go to appeal and everything will be settled, after giving them the screenshot of your payment receipt.

He can scam you because in binance buyer and seller is protected on their p2p platform. Also maybe the seller realize that he can't do his scam plans on your transaction since as you said you already reported it and he don't have a choice but to release the funds before binance do the necessary action and maybe he get penalize on that platform. Also there are certain instances that maybe the seller got issue maybe on connectivity or in real life that's why he didn't release the funds immediately. That circumstances sometimes happen so you also need to consider that, but all is fine since as you said the funds is already released so maybe next time seek for more reliable seller to avoid this problems.