How To Avoid Been Scammed Via Crypto In Nigeria
I'm sure you're here at this moment because you want to learn "how to avoid being scammed via crypto in Nigeria right?
If yes, that is cool then. A lot of flocks has been scammed of their hard-earned money in the hand of scammers in the name they want to learn how to trade coins, how to buy, or how to sell. But thankfully that you found this article at this time because I'll be releasing to you how to avoid being a scam.
The #1 major problem of Nigerians is that Nigerians have completely embraced Peer-to-Peer as a way of trading. We know that peer to peer is no longer new to us in this part of the country (Nigeria).
And l came to understand that peer-to-peer is one of the oldest ways of trading cryptocurrencies, and this has resulted in many people falling into the hand of scammers. Peer-peer is simply bringing two individuals together or connecting two people who have crypto to an individual who has the money to buy the tokens.
Beyond that, there is the list of buyer/traders who have the token that has been listed to the buyer to choose theirs preferred trader he/she intend to buy from.
One of the simplest ways to exchange your crypto tokens is to exchange to the buyer and get money in exchange for it,
and since this has started gaining ground more people begin to lose their money due to high incase in scams which often time buyers do not get what they paid for.
Despite that, a lot of Nigerians are still into crypto because we can't leave it to be one of the easy ways to make money online.
Now, that's while I've decided to write on this very important keyword so you can trade in the best possible way and avoid being a scam or telling me stories that touch the heart.
The being said, let's get started now.
There is some very important point you should put in mind whenever you want to buy crypto tokens.
Two Pitfalls To Watch Against When Buying Bitcoin Via Peer-Peer Method:
1. watch Against Fake Transfer:
This is very important of it all, and the most painful part is that it's becoming too common this day to fall into the hand of a scammer, and this happens often time in the peer-peer exchange community.
In those communities, you'll be told to follow the steps to trade anything with the member, but yet after following all of those necessary steps by step by paying the seller, which will allow the seller to finalize the transaction.
However, several hours will pass, the buyer will go ahead to make a false complaint to their bank that they did not do such a transaction, and you know the bank won't take this for granted in refunding the buyer his/her money.
You need to watch against this because a lot of sellers have lost their crypto token and their hard-earned money.
And some of these buyers we go-ahead to send you a kind of fake credit alert to the seller to prove the transfer was successful to push you as a seller to make finalize the deal,
however, in the real sense, no money was sent into your bank account.
So, to prevent this from not happening to you, make sure you always ask for proof of payment from the buyer when he/she tells you payment has been made,
if possible, go ahead to ask for a screenshot of the payment. With this, you'll be able to confirm his/her payment was made successfully by the buyer himself.
And most importantly, make sure before completing the trade that you've confirmed that the money is already sitting in your account. Always be on the safe side with your crypto tokens.
2. Watch Against Identity Scam:
Would you agree with me that sellers also scam buyers?
yes, it happens.
And here is how those sellers are doing it to scam buyers. This seller will use a different account to receive funds, the seller will go ahead to send you different account details through another way to receive payment from you.
And once they've discovered you've made payment to their account, the next thing is to claim that they've not received any funds from you,
and in turn, will refuse to complete the transaction you have with them. To avoid this from happening to you, make sure that the account you are paying into is the same as the one the seller is using on the platform.
And also confirm that the seller information like name corresponds with the identity.
For no reason should you make payments to an account that carries different about the sellers?
I'm sure if you follow the above this you'll be able to avoid those pitfalls because these are the most common ways scammers exploit careless or new users.
We now look at the most general ways to protect yourself from being scammed whenever you're trading with anyone either through peer-peer or whichever method.
How To Avoid Been Scammed Via Crypto In Nigeria:
I would share with you three different ways to avoid whenever you are about to trade with anyone.
1. Avoid Paying To The Seller Directly Until The Crypto Is In The Hand Of An Escrow:
Whenever you intend to buy BTC using peer-peer (P2P),
the common way is that the seller would ask you to send him or her the money even without sending the coin to you or escrow.
And the bitter truth here is that, Once you do that, the probability of getting your coins is very low if not zero.
There should be nothing like l trust him or her if you're into trading crypto.
You do yourself a great favor by allowing the seller to transfer the crypto to the escrow first, and once you've seen this is successful because you'll be seeing everything on the showing on the trade page.
And Once it has been confirmed by the escrow you can now then send money to the buyer.
2. Firsts Check The Recode/Reputation Of The Seller/Buyer Before Trading With Them:
The wise thing to do before choosing a seller or buyer to others that you intend to deal with is first do your underground check,
check their reputation, their recode or what people are saying about them, ask questions about them and scores. You doing all these to be on the safe side with your money or crypto.
I always encourage you to deal with a trader that has solid trade history.
3. Choose A Payment Method You Understand Very Well:
Don't forget there isis various ways for payment,
It will be fine you avoid the ones associated with risk and choose the ones you're used to.
The reason is that some payment methods put the seller at risk and some of them have the possibility of chargeback at any time.
And once a buyer charges back payments then that means the seller loses their money and both the crypto too.
How Platform Like Remitano Protect You From Be Scam:
1. KYC:
To get yourself and your crypto secure using Remitano, you have to create an account with them and verify it,
and once you've done that, you've to also complete the (KYC) verification to enable you to sell or buy using their platform.
This feature will ensure every user trades on their platform with their original identities, with that you'll be safe on other hand.
2. Escrow Method:
On Remitano, every transaction carries out to go through Remitano escrow, here is where your crypto will be held and secured temporarily.
Then Whenever you open a trade either to buy bitcoin or other coins, the amount of crypto that you want to buy will then be transferred right from the seller’s wallet and be held locked on Remitano’s escrow service to be protected by scammers.
Once that has been done, you can now pay the seller without the fear of being scammed, and once it has been confirmed, your coins will then be released from Remitano escrow to you when the seller confirms that the payment was successful.
3.Remitano Customer Support:
One of the amazing features that Remitano has is their customer supper, and not just that, it's also friendly and has a quick response rate.
Not just that, they also make sure they attend to every dispute with immediate effect.
So if in any way you've issue completing a trade with the other party, you can simply reach out to their customer support team to help you resolve everything.
Conclusion:
With this article shared here,
I'm sure there is no way you can fall into the hand of scammers any longer if you would apply this into your trading.
A lot of persons has gone out of business as a result of these scammers,
so always trade with care and watchfulness so you won't fall into their hand.
Don't forget to share this article with your friends too.