Post
Topic
Board Nigeria (Naija)
Re: E get any risk if person dey always trade with one P2P merchant for inside excha
by
Obim34
on 24/04/2025, 21:46:42 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.
When the risk outweighs benefits, it is better to stick to what is seen as usual. I have never thought about keeping a particular merchant for all my trades most of the times when they request for my phone number i hardly want to give it out, as a matter of fact i don't release any of my details most of them drops this kind of message "For quicker transaction drop phone number", this is irrelevant because the exchange knows the degree of implications to happen when users are free to pick or have a favorite merchant in their system, not only will it affect the trader+merchant also give them a bad reputation if such activities goes on for long.