Share your experience on P2P trading method

[Grandeur]

During my early time dealing with digital coins, i never on earth love the idea of using the P2P (Peer to Peer) method to buy and sell crypto online. I view it as very risky type of transaction, with the motive that, one can take my money, or coins and run away with it. I came to understand it by force when my country imposed a law stopping all crypto related transactions using their fiat currency (Naira). That's when i picked interest to try it. I decided to take the risk, and now I'm accustomed to using it, and I'm settled now, to use it for long time.

Do you enjoy using P2P method for Crypto transactions??

Is it your best method for buying and selling digital coins??

Please, share your experience below.

So how has been your experience now that your country has forced you to be buying and selling with a method you don't like, I don't have a problem with p2p, binance has made it secure and safe that I can rely on

 

[Sincerem]

So how has been your experience now that your country has forced you to be buying and selling with a method you don't like, I don't have a problem with p2p, binance has made it secure and safe that I can rely on

My experience transacting with Cryptocurrency during the time the ban wasn't impose on Cryptocurrency and now is the same. Cos Binance P2P have helped me transact freely.

 

[Kingstone]

Lol. You are not alone. Although the P2P is done by my friend because he has his account verified and I couldn't get mine done. Since there is no alternative, we all have to trust the system to do the work. We have been using that for months now and it's been good.

 

[Grandeur]

My experience transacting with Cryptocurrency during the time the ban wasn't impose on Cryptocurrency and now is the same. Cos Binance P2P have helped me transact freely.

Thanks to binance, the fear if the unknown as to what might happen to our funds have been eradicated, but have you tried another wallet apart from binance for p2p

 

[Dowenship]

I think I should be blamed for the transaction. I later checked the message box and realized that he posted the conditions for the transactions on it, I just didn't noticed it.

OK... Most of them usually have a notification ahead of any transaction concerning the some fees needed to be paid. But he should have told you even before making any transaction.

 

[Setfragil]

That is trending now and I think it is not right. When you calculate, you will realize that the #100 just shortchanged you for the value of your coin. It seems those dealing with small amounts do that most.

I think we just have take it that way since we do not have any other choice after the ban of cryptocurrency and most of this peer to peer traders on exchange platforms are individuals with small business capital who are just trying to survive.

 

[Niftyyem]

I think we just have take it that way since we do not have any other choice after the ban of cryptocurrency and most of this peer to peer traders on exchange platforms are individuals with small business capital who are just trying to survive.

You are probably right about that but I still think it is unfair for those who are just trying to cash out on their little earnings. I don't deal with such merchants.

 

[gammarays]

P2p trading has been our saving grace since the ban on crypto. It enables us buy and sell our crypto assets using our local currency. My experience has been wonderful because I check the ratings of the person I'm to transact with and it must be 90% and above. I also make sure I approve a transaction only when I've received the money. I double check with my bank app to make sure it's there.

 

[GIFTMICHAEL]

My knowledge around peer to peer trading is tremendous indeed. Ever since I found Binance my Cryptocurrency transactions have been a joy especially sround P2P.

 

[Kelly5]

It is common knowledge now that the peer to peer trading method became even more popular when the government placed a ban on the trading on cryptocurrencies. It's very easy and fast way to trade crypto

 

[Josemendez]

So far the peer to peer trading that I have done through the Binance peer to peer trading has been a success because I do follow all the laid down rules and regulations guiding the use of the trading platform. It is only people who releqse money without confirming payment are scammed.

 

[Nurudeen]

Since the crypto currency exchange Business was banned in Nigeria, I have been using p2p method to buy and sell crypto currency in the market and it had been working really fine for me without any hassles

 

[Senator]

In using the peer to peer trading method on any exchange, you must be smart and careful not to get yourself defrauded. You are only meant to release asset if you have confirmed that your money has been sent to your bank account

 

[Setfragil]

You are probably right about that but I still think it is unfair for those who are just trying to cash out on their little earnings. I don't deal with such merchants.

You will hardly find any trader that does not deduct #100 for transaction charges. I sold some USDT today I was still charged the same amount of money despite the little transactions that I did.

 

[Rhapsody]

I don't enjoy using peer-to-peer method to sell my crypto currency and I never see it as an option to do that. The ones that I have see, I see that there price are low. Since when Nigeria government have banned the usage of crypto currency. I have found other means to sell my coins

 

[Niftyyem]

You will hardly find any trader that does not deduct #100 for transaction charges. I sold some USDT today I was still charged the same amount of money despite the little transactions that I did.

Well, I do find. I just try not to do transactions less than 50usdt because I have noticed that those who clamour for the #100 are mostly those who buy less usdt.

 

[Heatman]

During my early time dealing with digital coins, i never on earth love the idea of using the P2P (Peer to Peer) method to buy and sell crypto online. I view it as very risky type of transaction, with the motive that, one can take my money, or coins and run away with it. I came to understand it by force when my country imposed a law stopping all crypto related transactions using their fiat currency (Naira). That's when i picked interest to try it. I decided to take the risk, and now I'm accustomed to using it, and I'm settled now, to use it for long time.

Do you enjoy using P2P method for Crypto transactions??

Is it your best method for buying and selling digital coins??

Please, share your experience below.

Personally, ever since I started trading on Binance cryptocurrency website using their P2P trading feature, I have never had any bad experience or run into scammers.

 

[Shigobad2020]

I beleieve binance is scam free in my own opinion because they have a strict rules and regulation with the cashier's that works in P2P , even you have to meet a lot of requirement to join.

I don't think you will find any scam in Binance, they are strict with the cashiers that work in P2P. For that reason I have confidence in the site. My brother has been trying to work there for a while and they are strict with the requirements to join.

 

[akinlolu99]

P2p trading is a risky thing because the truth is trust is a rare and scarce commodity that cannot be given out to anybody easily. So i dont trust p2p trading

 

[Lens]

You do not need to get it wrong. It's true that the the countries affected by the cryptocurrency ban resort to peer-to-peer transaction but it's also true that the peer-to-peer transaction is highly risky. I prefer using an exchange that allow me convert my cryptocurrency to fiat currency using a wallet transfer.