Peer-to-Peer (P2P) trading is the primary liquidity gateway for millions of Nigerians trading cryptocurrencies. However, malicious actors employ sophisticated tactics to defraud unsuspecting traders.
- Never Release Crypto Without Logging into Your Banking App: Never rely on SMS or email alerts alone. Always log in directly to your bank app to confirm available balance.
- Match Verified Merchant Names: Ensure the sender’s bank account name exactly matches their verified identity on the crypto exchange.
- Avoid Third-Party Payments: Strictly decline payments originating from third-party corporate or unregistered bank accounts.
