Op, from the look of your account, you are also a newbie who is calling other people newbies. From your post, you are right that many people have been losing money when it comes to doing P2P on some exchanges because scammers are everywhere.
Hahaha it may sound funny but many newbies in the forum are not actually newbies in crypto related stuffs, some have gained experience outside the forum but are here to enhance it so maybe the OP might fall under the category of those that are not newbies to crypto related things but a newbie in the forum. Well i don't doubt that anyone can be victim but it's mostly someone that our people call JJC (Johny just come) in crypto that would fall victim to those dubious P2P merchants, someone that's very knowledgeable and know how to use exchanges or have been trading with the P2P for long would know how to deal with P2P scammers when they encounter them.
Yes, I believe some people were already familiar with crypto before joining this forum, while others gained their knowledge here. I’m only saying this because of the way OP explained things. Someone who has been using P2P for years would know that NGN P2P is not available on KuCoin or Binance. Perhaps OP only mentioned the exchanges he trusts, but the truth is you cannot use those platforms to convert coins directly to Naira right now.
It’s usually newbies who take their money to Telegram or trust random vendors on WhatsApp, when in reality you can safely trade your coins on top exchanges. I’m not sure if P2P is still available on Telegram, but I remember there was a time when people used it a lot. If I’m not mistaken, during that period when we were all busy sharing tap tap links, Telegram even added a P2P option so you could sell your tokens directly.
