Post
Topic
Board Nigeria (Naija)
Re: Question about the new P2P option
by
Ruttoshi
on 15/11/2024, 16:02:02 UTC
I no dey use Bybit most times so I never notice the change. I no go try am to face to face crypto transaction with anybody whether na for naija or na abroad. If I see say na only face to face trade option dey for this platform I go move to other platforms. I prefer make to sell at lower rate or buy at higher rate than to take the risk of meeting a stranger to transact trades. Even if CCTV dey my street I no go still risk am. Life no get part 2.

Physical p2p na wrong means of transaction for this era wey we they oo especially for this our Naija self. I wonder how Bybit will subscribe to that option to allow people be exposed to such danger in physical transactions. When E come to money matter nobody is to be trusted o.

Disparity in locations will be another barrier or hindrance to achieving this kind of transaction unless there's going to be a geolocation feature in it where the system will use the buyers location to find the seller nearby. In this case, it will take long time before this feature will be practiced across a lot of places.

At this time of life that we are now, physical trading especially that which involves money should be discouraged while non physical or online trading is encouraged.
I think it is risky to trade using physical p2p because of safety and unrevealed of identity. It will also cost you more because the transportation fee that you will use to reach the agreed location for the transaction to take place. It's good that you only do physical p2p to people that you already know or you go to any mall that can render physical p2p service.