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?
Fact is initiating any local transactions of an exchange is risky. I've seen many people loss their money to scammers while trying to convert coins to naira. That's why you should only carry out your trades on trusted platform.. telegram is a hub for scammers and one thing is that you might feel you are smart until they cut their communication with you.
To avoid this is very simple. Avoid trading using local vendors. We know that those on exchanges are as well scammers but a few of them are good and since the exchange acts as an intermidiary between both of you, if you are careful your transactions will go smoothly..
You’re right, Telegram and other informal groups are the easiest traps for scammers because there’s no protection once they disappear. The role of exchanges as an intermediary really makes a big difference, since at least there’s a dispute system and records to fall back on.
I’d also add that even on exchanges, people should not assume everyone is honest. Simple checks like trading with verified users, reading reviews, and starting small can save you from big losses. Being careful is always better than trying to be “smart” after money is gone.