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.
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.
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?
That’s why most of them usually endup being victims of p2p scam . But I won’t blame them though most newbies usually find it difficult to make use of other platforms to do p2p , platform like exchanges do they solely depend on others , like some vendor recommended by someone and stuff and some time endup being scammed. Then when I was still new I find my self in such category but thanks to God I was never scammed in such way because I usually make use of trust worthy vendors despite in the gap of location some are from other state (which was quite risky too ). But I had to learn so that I won’t keep depending on others when it come to doing P2P.