Re: Crypto Transactions Restrictions; Banks tracking algorithm exposed!
It's becoming a thread on the P2P marketplace for those who mean business and who want to protect themselves and the vendor.It's typical practice to make it appear like a real-life commercial transaction. It's only silly not to safeguard your seller's privacy since if his account is exposed or flagged, the sender's account will also be flagged, and if found guilty, bot accounts will be frozen. Always read the seller/buyer's terms and conditions to ensure he understands what he is doing.
Finally, avoid trading with Marchants who only have Liv2 KYC, since these are banks and government officials seeking for accounts to freeze; these accounts are actively trading on exchanges and are attracting victims. Also, check at their volume of successful trades; if it is less than 2k, avoid trading with such a person for your own protection.
Most Bybit merchants no longer trade with accounts without Liv2 verification.
Finally, avoid trading with Marchants who only have Liv2 KYC, since these are banks and government officials seeking for accounts to freeze; these accounts are actively trading on exchanges and are attracting victims. Also, check at their volume of successful trades; if it is less than 2k, avoid trading with such a person for your own protection.
Most Bybit merchants no longer trade with accounts without Liv2 verification.
My brother, you don do well to share this vital information with us your naija brothers, and to tell you the truth, since I see this ur thread, na this update I dy use withdraw, I no dy even add any fraction on top , just like, if I wan withdraw like ten dollars wey be 14011.75 at current rate, instead of me to type am in dollar, I go type am in naira make e be 14 k sharp, and I believe say opay wey I dy use no go ever fit know like that, say na crypto transaction, but if fractions dy on top, e go dy somehow suspicious.
Lastly, during this period, e go dy really advisable make we no dy do too much withdrawals because all this micro finance bank dy very sensitive oo, so na to dy do things with caution, especially wen making withdrawals, make Dem no come go freeze ur account come seize the money join, because e go dy really painful for anybody to get that kind of experience.
However, I saw this statement inside the vendors profile. I thinks this is the perfect time we all should be careful the kind of vendors we exchange our coins with, most of them are there to fetch our crypto users. Making too much withdrawal everyday is not that necessary unless you are a serious business woman or a business woman. If you are a student that's not working and you are making such withdrawal everyday it will be suspicious and this MFBs can easily suspect you then freeze the account then your money will be gone.
With this thread https://bitcointalk.org/index.php?topic=5494722.msg64010300#msg64010300
We go also learn some things about these vendors wey no dey do well, my own point be say as una talk am e dey clear well well. Some vendors just dey to catch pipo wey dey deal on crypto currency so that CBN go freeze the account, although many fit no do am intentionally but I believe say some of them nah big trap to crypto trader, infact crypto users. Yes exactly, e no dey foo to always dey do transaction every day unless say the person nah business personnel, sometimes if them freeze your account you go complain and e get documents wey them go tell you to upload (if nah MFB bank), so if you no get the required documents your accurate go dey freezed till dey Kingdom come.