How You Fit Avoid P2P Scam (Pidgin Tutorial)
Short answer: For P2P, na stranger dey pay you, and na there wahala dey start: fake alert, payment from another person account wey later make bank freeze your account, and buyers wey dey rush you. Always check your real bank balance before you release anything, no accept payment from account wey no match the buyer name, or sell straight to app like KWIQ make no stranger dey inside the matter.
P2P na where many Nigerians dey sell crypto. E fit work, but na also where plenty people don lose money or enter wahala with their bank. Make we yarn the main scams and how you go take dodge them.
Scam 1: Fake alert
SMS go come with your bank name, the correct amount, everything. Buyer go say "I don send, release fast." But the money no enter.
How to dodge am: Before you release anything, open your bank app and check your real balance. No trust SMS, no trust screenshot, no trust receipt. Read more for English: how to spot fake credit alert.
Scam 2: Third-party payment
The money land, but e come from account wey no be the buyer own. Many times na stolen money or money from person wey dem scam. When the real owner report, the bank go trace am reach your account, and dem fit put PND for your account.
How to dodge am: The name wey dey the account wey pay you must match the buyer verified name. If e no match, cancel. Read third-party payments in P2P and wetin to do if your account get PND.
Scam 3: "Overpayment"
"I send ₦50,000 extra by mistake, abeg refund am." The extra money no exist. Na scam.
Scam 4: Fake USDT
Some buyers or sellers go send token wey dem name "USDT" but e no get value. Check any transfer with our USDT transaction checker.
The simple way: no stranger at all
When you sell for KWIQ, nobody dey pay you from their personal account. You go send your crypto enter your KWIQ wallet, sell am for the rate wey the app show you (swap to naira no get fee), and withdraw to any Nigerian bank. No fake alert, no third-party payment.
Read the full English guide: how to avoid P2P scams in Nigeria, or selling crypto without P2P.
More tutorials for Pidgin dey here.
