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Scraped on 28/08/2025, 19:36:25 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, moniepointMoniepoint, etc, for sending and receiving funds because dem dey fast, reliable and better pass conventional banking networks.
Original archived Re: The Opportunities and Hidden Risks of P2P Bitcoin Trading
Scraped 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.