Share your experience on P2P trading method

[Monster Masterpiece]

The person you will made with him P2P must not unknown person in real life you should at least meet him on real life to guarantee there is no scam from his part when doing P2P transactions.

 

[Setho]

Do many people have been saying that they have been scammed through P2P networks I have never experienced such. I have been using it for quite some time now and it has been fast and reliable.

 

[HayKay]

Thank God for sites that offer p2p transactions, we might have as well bade goodbye to crypto in my country.
Though their rates sometimes might not be as high but there's no doubting their use, and importance. No need for any agents or middleman stress. Just collect your money easily

 

[Setho]

I have been using the peer-to-peer service on binance as it is the only one available to Nigeria as at now and I have never experienced any issue with it as it is fast and reliable.

 

[Setfragil]

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.

I have done transactions that was more than 50 USDT and I was still charged the #100 as transaction fee. I still thinks it is better than having to search for who will buy it from you.

 

[Sincerem]

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.

Scammers aren't much in Binance cos of how Binance exchange built their exchange site to be legitimate with tremendous applications installed that makes transactions worthwhile.

 

[Jsoliu004]

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[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

 

[Sariana23]

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.

It is true, although my brother has years working as a cashier in another platform, it was not an endorsement to work in Binance. The site has many requirements to work as a verified P2P cashier, and he had to complete them.

 

[gammarays]

Scammers aren't much in Binance cos of how Binance exchange built their exchange site to be legitimate with tremendous applications installed that makes transactions worthwhile.

I think the best thing to do is to check their transaction records and rating. I love to deal with those above 90% and above 500 transactions. There are scammers in binance p2p and I've come across them.

 

[mcjerry]

I also don't like peer-to-peer exchange at all. For there price is too high compare to trading the coin in an exchanger. I never used it before because I don't see it good. So when ever I want to exchange my money to maybe USD or to my local currency. I do something exchanges with some exchangers and then to my local currency

 

[Sincerem]

I think the best thing to do is to check their transaction records and rating. I love to deal with those above 90% and above 500 transactions. There are scammers in binance p2p and I've come across them.

I never got the chance to check their rating, but I believe the ones I do business with, are top notch when it comes to doing business with them.

 

[gammarays]

I never got the chance to check their rating, but I believe the ones I do business with, are top notch when it comes to doing business with them.

One thing is that Binance has a solid structure so your funds are protected as long as you don't make mistakes on your part. I make sure I confirm my funds in my account before releasing the equivalent crypto.
[automerge]1629221779[/automerge]

The person you will made with him P2P must not unknown person in real life you should at least meet him on real life to guarantee there is no scam from his part when doing P2P transactions.

I don't think you need to know the person physically. The platform like Binance serves as escrow between the buyer and seller so tokens will only be released once the seller has received money in his bank account.

 

[Elfinito]

My first time of trading pep was so afraid that I may get scammed.
I didn't know that I have to confirm the payment on the p2p page after making payment.
I had to call the seller a lot of times until he told me that I must confirm that I have made payment before he can credit my wallet

 

[Sincerem]

My first time of trading pep was so afraid that I may get scammed.
I didn't know that I have to confirm the payment on the p2p page after making payment.
I had to call the seller a lot of times until he told me that I must confirm that I have made payment before he can credit my wallet

That's the benefit of an escrow service. Without the escrow lots of persons could've got scammed via the P2P trading method cos fraudulent users wouldn't confirm transaction and release the coin for us after making payments, they'll simply runaway.

 

[ahmedo24]

That's the benefit of an escrow service. Without the escrow lots of persons could've got scammed via the P2P trading method cos fraudulent users wouldn't confirm transaction and release the coin for us after making payments, they'll simply runaway.

Absolutely I know with an escrow you can even run a peer-to-peer transaction on WhatsApp groups and telegram groups but they escrow admin must be very reliable .

 

[Seno inyang]

P2P trading method is more comfortable and reliable if you do the transactions with the right person(s). I've been on this with a particular person and I find it very easy and I wish to continue with it because it's rate is affordable too.

 

[Kubiat-Abasi]

I've actually not had a personal experience on P2P trading of cryptocurrencies. Although, recently using a Binance pay and I've seen those features but I haven't utilised it just yet.

 

[Sotherefore]

Wow it is one of the best place I have been using to sell most of my cryptocurrency, it is easier to use because binance has made the platform almost as easier as drinking of water.. what is the best platform have been using to exchange my cryptocurrency to cash.

 

[greenie]

Binance peer to peer market place is the best thing I discovered in the crypto currency space this year, after my country banned crypto currencies transactions. I have been enjoying it ever since then.