Post
Topic
Board Nigeria (Naija)
Re: The Opportunities and Hidden Risks of P2P Bitcoin Trading
by
sokani
on 28/08/2025, 19:30:51 UTC
Now there are situations where someone genuinely sends money, you then release the Bitcoin, only for the payment to be reversed later through the bank, leaving you at a loss.
I don send money from one of my account to anoda and I receive a network error, only for my account to be debited. After a minute or so, I got a reversal and dem credit my account back.

So wetin I understand about reverse transaction be say, e no mean say the money dey enter the recipient account and comot against. Nah just network issue wey dey cause am. If money don enter your account, e no fit comot again. So if you dey trade, comfirm say you don receive the funds before you release the coins. Also, e dey advisable as a p2p trader to use mobile money operators such as Opay, moniepoint, etc, for sending and receiving funds because dem dey fast, reliable and better pass conventional banking networks.