Post
Topic
Board Nigeria (Naija)
Re: E get any risk if person dey always trade with one P2P merchant for inside excha
by
Adbitco
on 18/04/2025, 00:28:49 UTC
Wetin fit be the possible dangers of doing P2P transactions with only one merchant for these centralized exchanges wey still dey function like ByBit, Remitano and the others? I dey curious because aside say one or two small price difference in kobo, e get any danger? Now, nor be say the transactions dey happen out side of the platform, e fit be say once you don trade with the merchant before and you come like them based on their price and how fast dem dey pay, you decide say anytime you want trade you go contact them to trade but everything go still happen inside the exchange just to dey safe.
I don't really have a particular marchant to trade with or even to contact them while trading, what i does is that I will search for the best rate and person who is that fast enough to release payment. Also, I look at the trading volume and rating if they have poor rating then i don't have time to go open trade with them provided they have poor rating and low trading volume, all these things are things I do avoid while trading on P2P, but if that person meets my criteria i don't trading with them again but still in the same exchange platform and not in real life because funny things are really happening these day and shouldn't trade with them out of the exchange.