Quote from: Nathrixxx on September 01, 2025, 07:17:50 PM

Quote from: DonaldCryptoTalk1 on September 01, 2025, 05:36:42 PM

I’ve noticed many newbies in Nigeria are losing money through P2P trades, especially on Telegram and WhatsApp groups. Some scammers pretend to be buyers or sellers, and once you send them your Bitcoin or naira, they disappear.

Only a novice will fall in this kind of scam, because one of the reasons we all make use of exchanges is to serve as trusted escrow between the buyer and seller in p2p, so if you can't get your p2p transaction done on a reliable and trusted ground, then don't even attempt it because you will be scammed.

Quote from: DonaldCryptoTalk1 on September 01, 2025, 05:36:42 PM

From what I’ve seen, the safest way is to only use trusted platforms like Binance or Kucoin, or reliable local apps. Another tip is to never release crypto until you confirm payment inside the platform.

The use of exchanges is advisable, but that does not mean that there are no scam attempts there as well, you may only have to know how to avoid them when sighted, p2p scam also exist, such could be incomplete payment, fake payment evidence or accepting confirmation of payment without receiving it on your account and so many others.

Quote from: DonaldCryptoTalk1 on September 01, 2025, 05:36:42 PM

But I know there are other tricks scammers use. For those who have been in the crypto space longer, what are the best ways to avoid getting scammed in P2P trading here in Nigeria?

1. Make use of reputable exchanges.
2. Sell or orders in round figures and avoid decimal points.
3. Confirm the reception of the se t amount before approval or release.
4. Cross-check the figures being complete.
5. Don't give your major contact on p2p chat upon seller or buyer's request
6. Often make use of verified users and check their reviews.

Those are solid points, especially on confirming payment and checking reviews. Many newbies rush to release crypto once they see a “payment proof,” not knowing that screenshots or fake alerts can be manipulated. Another thing I’ve noticed is that scammers often pressure you to act fast, taking your time to verify details is one of the best protections.

Also, people should learn to start small. Doing test trades with little amounts before moving larger funds can help you build trust and also minimize losses if something goes wrong. Staying patient and careful is really the key in P2P.