Are these P2P crypto platforms SCAM?

leonair

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Quote from: coinerer on March 01, 2024, 12:46:50 PM

Quote from: kennyliang23 on January 24, 2024, 09:27:27 PM

I am kind of new to the crypto era, and I am wondering if any of these P2P platforms scammed or legit?

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Maybe these sound familiar to you but this is my first month into this game and I want to pick the right ones.

Thanks

P2P is not scam but i didn’t use p2p service from any exchange you mentioned. i always use Binance and Ku-coin and always feel comfortable. but in crypto industry we should always keep ourself as anonymous that's why decentralised exchange is very safe for us. but if you want to use p2p then you must have to complete KYC verification. but it will not any problem if you use any reputable platform like Binance or Ku-coin. but there are some issue here that is when you will buy/sell crypto by your bank account then it will make huge transcation so you can face many problem with this. so you should be careful by using p2p

you are telling the truth. p2p is not a big issue who use this for small transcation but if someone transcation is very big the it can make some problem for them. because every countrys central bank keep TOS for all the banks so if you broke that condition then they can take legal action against you. so you should always very careful. anyway p2p platform is very popular now for instant crypto buy-sell. so anyone can use this for his personal use only

Abu-Naim

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Quote from: kennyliang23 on January 24, 2024, 09:27:27 PM

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Maybe these sound familiar to you but this is my first month into this game and I want to pick the right ones.

They are all centralized exchanges but I haven’t used any one of them before; but from what I heard from people with experience, OKX, Bitget, and Bybit are good because people are using them and they are not complaining about them.
I am familiar with the Binance and KuCoin, and these two exchanges have been excellent since I started using them, they have similar methods of p2p which is very good as scams are not rampant.

MFahad

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Quote from: coinerer on March 01, 2024, 12:46:50 PM

there are some issue here that is when you will buy/sell crypto by your bank account then it will make huge transcation so you can face many problem with this. so you should be careful by using p2p

Only large transactions aren't a problem when using a P2P platform, there are a lot of scams and issues that one can face when using a P2P platform to exchange their cryptocurrencies to their local currency. One of the most famous issues these days is transaction disputes, some merchants would send you the money, and then open a dispute against your bank account saying that they have either sent the money by mistake or they have been scammed, and then your bank will be asked to return the money or you will need to submit proof for that.
Sometimes, some P2P buyers will send fraudulent payments to your bank accounts, and that then becomes a very big problem for you when people that they have scammed will open complaints against you with authorities.

coinerer

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Quote from: kennyliang23 on January 24, 2024, 09:27:27 PM

I am kind of new to the crypto era, and I am wondering if any of these P2P platforms scammed or legit?

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Maybe these sound familiar to you but this is my first month into this game and I want to pick the right ones.

Thanks

P2P is not scam but i didn’t use p2p service from any exchange you mentioned. i always use Binance and Ku-coin and always feel comfortable. but in crypto industry we should always keep ourself as anonymous that's why decentralised exchange is very safe for us. but if you want to use p2p then you must have to complete KYC verification. but it will not any problem if you use any reputable platform like Binance or Ku-coin. but there are some issue here that is when you will buy/sell crypto by your bank account then it will make huge transcation so you can face many problem with this. so you should be careful by using p2p

adpinbr

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P2P Bitcoin trading is not a scam.
It’s all depends on where you are do it, for me I have not really use most of those exchange before, I only use Binance for me I would prefer to use Binance.

I cannot really advice you to use any of those platform you listed above because I don’t know much about them but I understand that people usually use them for buy and sell what I can only recommend you to use is binance.

EluguHcman

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In the main time While you are still a newbie as said, in other to stand safeguided in your Bitcoin or crypto journeys just as concious you are of bringing these above P2P platforms for the confirmations from those whom you counts on to be more knowledgeable than you in this crytop space, I would urge you to ask for recommendable platforms that would beat fit in and reliable for you as a beginner.
Hopefully you would be recommended with the legit platforms. But however, you can check on popular crypto wallets and checkout for verified P2P transaction sites.

Natalim

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I can't tell if they are scams or not because I have no experience with them. Some of these platforms have gained popularity already but Binance is leading because this exchange has a reputation that makes users think they are safe. People had after the safety transaction and they will choose the platform where they feel confident which is why new P2P platforms gain less interest. Just maybe they are scams for now OP but can't guarantee that they will be performing the same in the coming days. Still, we need to act cautiously and care about our privacy.

The Cryptovator

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They are centralised p2p exchanges. I haven't used them, but I am familiar with most of them. I found some new names, like Phemex, and I have no idea about them. Rests aren't direct scams unless third parties scam you with fake payment screenshots. They all need KYC, of course, to use their P2P service. I use Binance for p2p exchanges for my local currency. I never faced any issues there, and I don't feel Binance is a scam. But you must verify your KYC. If you care about your privacy, then you have to avoid centralised exchanges.

romero121

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Quote from: KiaKia on February 12, 2024, 10:42:00 AM

KYC mandatory platforms should not be seen as P2P platforms, because they have your data already, and you can't use their P2P service without passing their KYC verification requirement first.

This makes the whole P2P a lie to me, something that has been going on in crypto space for so long now, when the centralized entities comes, they will change every thing from privacy and decentralization into centralized way and stupid people will always welcome them.

Any centralized exchanges offering P2P services are third parties themselves, because they have secure all P2P users data by asking for KYC.

Other than the name, everything taking place in the exchange is done in a centralized manner. The primary purpose was to eliminate the third party, but here the exchange serves as the third party between the users. Data is money, and the exchanges also find it good business and do it in an organized manner.

TheVeteranAngel

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Quote from: Joseph-P on February 12, 2024, 08:41:17 AM

Quote from: Iamcrypticguy on February 11, 2024, 01:13:18 PM

Quote from: LogitechMouse on February 07, 2024, 11:33:27 PM

Quote from: kennyliang23 on January 24, 2024, 09:27:27 PM

I am kind of new to the crypto era, and I am wondering if any of these P2P platforms scammed or legit?

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Maybe these sound familiar to you but this is my first month into this game and I want to pick the right ones.

Thanks

I've heard all of these exchanges at least once already, and I guess they're still operating right now. Although I'm not using any of them since I'm only using Binance, I guess these are legit exchanges, and many here are using these ones especially Bitget I guess which is the one that most Youtube influencers are promoting non-stop. Cheesy

Since you are asking exchanges for you to make a P2P transaction, I guess it would be better if you will just go on decentralized P2P platforms. Well, I'm using Binance to make P2P transaction and I didn't encounter any problem on it. It's just that, it's centralized exchange and you need to do KYC to access their exchange.

Learn more OP. Watch more educational videos, and don't stop asking here. Also, it would be better if you will just use the search button I guess because there might be some threads here already that has been made in case you have a question.

Don't you think why lots of users are talking about Bitget p2p is cos they've had a favorable experience using the feature?

Well I believe it's quite easy to criticise a cex when it hasn't been used. Lately, the P2P feature of the platform mentioned has been a trending topic of discussion on YouTube and gaining lots of traction on X due to timed listings and generous events that accompany them

I have enjoyed using Bitget P2P because of how transparent it is. Have heard some complaints about getting scammed by merchants on some exchanges because they are newbies but I haven't experienced such yet on the Cex

KiaKia

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KYC mandatory platforms should not be seen as P2P platforms, because they have your data already, and you can't use their P2P service without passing their KYC verification requirement first.

This makes the whole P2P a lie to me, something that has been going on in crypto space for so long now, when the centralized entities comes, they will change every thing from privacy and decentralization into centralized way and stupid people will always welcome them.

Any centralized exchanges offering P2P services are third parties themselves, because they have secure all P2P users data by asking for KYC.

MarvieJ

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Quote from: pakhitheboss on January 25, 2024, 05:48:26 AM

Quote from: kentrolla on January 25, 2024, 02:54:38 AM

Bybit, OKX and bitget are centralized exchanges wherein you can trade and do P2P transactions as well but KYC has to be verified which takes out your anonymity and

Paxful also has mandatory KYC apart from the three you mentioned. There are only a few centralized exchanges left that still allow trading without KYC.

Quote from: kennyliang23 on January 24, 2024, 09:27:27 PM

I am kind of new to the crypto era, and I am wondering if any of these P2P platforms scammed or legit?

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

I am not sure about Phemex since I have heard this name for the first time. P2P scams are not due to exchanges but happen if you trade with a relatively new merchant listed on these platforms. If you are doing a P2P trade on any centralized exchange ensure that you do with a merchant who has a reputation and has made a significant amount of trade.

Exactly my thought too , most times when you navigate through these exchange platforms you get to read reviews from customers about any p2p merchant. Binance do recommend most trusted ones and advise newbies not to send out their assets unless they’ve received their values, the thing is all through my experience on using p2p I have never lost any funds either on binance or bitget

MarvieJ

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Quote from: kennyliang23 on January 24, 2024, 09:27:27 PM

I am kind of new to the crypto era, and I am wondering if any of these P2P platforms scammed or legit?

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Maybe these sound familiar to you but this is my first month into this game and I want to pick the right ones.

Thanks

The thing is that when you get into crypto newly and pay attention to failed crypto traders or those that have zero knowledge without them knowing about it , they’ll mislead you tbh.. most times just make researches on your own,even if I tell you a particular exchange p2p is good still just explore yourself. Nevertheless I’ve only tried binance and bitget p2p and didn’t encounter any issues. Whereever I’ve usdt at that material time I just sell or buy ..

Joseph-P

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Quote from: Iamcrypticguy on February 11, 2024, 01:13:18 PM

Quote from: LogitechMouse on February 07, 2024, 11:33:27 PM

Quote from: kennyliang23 on January 24, 2024, 09:27:27 PM

I am kind of new to the crypto era, and I am wondering if any of these P2P platforms scammed or legit?

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Maybe these sound familiar to you but this is my first month into this game and I want to pick the right ones.

Thanks

I've heard all of these exchanges at least once already, and I guess they're still operating right now. Although I'm not using any of them since I'm only using Binance, I guess these are legit exchanges, and many here are using these ones especially Bitget I guess which is the one that most Youtube influencers are promoting non-stop. Cheesy

Since you are asking exchanges for you to make a P2P transaction, I guess it would be better if you will just go on decentralized P2P platforms. Well, I'm using Binance to make P2P transaction and I didn't encounter any problem on it. It's just that, it's centralized exchange and you need to do KYC to access their exchange.

Learn more OP. Watch more educational videos, and don't stop asking here. Also, it would be better if you will just use the search button I guess because there might be some threads here already that has been made in case you have a question.

Don't you think why lots of users are talking about Bitget p2p is cos they've had a favorable experience using the feature?

Well I believe it's quite easy to criticise a cex when it hasn't been used. Lately, the P2P feature of the platform mentioned has been a trending topic of discussion on YouTube and gaining lots of traction on X due to timed listings and generous events that accompany them

Vaculin

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Quote from: sheenshane on February 11, 2024, 07:34:44 PM

Quote from: GreatArkansas on February 07, 2024, 07:51:40 PM

Quote from: kennyliang23 on January 24, 2024, 09:27:27 PM

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Among the list, I only tried P2P trading is only Bybit, it's really legit and also easy to trade there, the User Interface and user experience of Bybit are really smooth, user and newbie friendly.
Other from the list , I didn't tried because I also consider famous or popular exchanges or platform in my country.

Is this Bybit exchange the same as Binance in that you must pass KYC before doing such p2p trading?

Among all those on the list, I heard a lot of negative reviews on Paxful ever since, I think it depends on the P2P platform that you can trust.
Because there is a p2p that you can truly trust, the risk of having a transaction on p2p is quite risky. Because it should be a P2P exchange that provides easy access to transaction records and history, it's generally more trustworthy.

P2P is quite risky if the platform can't be trusted as well. Though I'd never use any of those platforms but I think the same rules apply in using such a P2P feature, we should choose the reputable platform instead. I often use the known Binance P2P and it all works so well, never been scammed yet (I hope not). For me, it was not necessary to try another site if we were already comfortable with the current platform we are using. It was not just because we are familiar already but the trust seems too hard to give for new sites especially if the rate is quite questionable.

Oneandpure

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Quote from: kennyliang23 on January 24, 2024, 09:27:27 PM

I am kind of new to the crypto era, and I am wondering if any of these P2P platforms scammed or legit?

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Maybe these sound familiar to you but this is my first month into this game and I want to pick the right ones.

Thanks

All P2P exchange platform your recommended list is trust but depend on person or seller you make transaction when selling or buying your stable coins there trough P2P. All exchange as third party only and not get directly sell the stable coins there, you make transaction each other your community country by using the exchange with supported P2P. But all P2P will help you when getting or finding the scammer without process sending your stable coins and get refund back your money, before making transaction trough P2P check first the seller or buyer active or not to make your transaction process faster.
Looking the seller has high reputation with their account as most verified seller, actually they will process faster with your transaction and don't try to fins higher or lower rate to protect with scam P2P seller.

Reatim

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Quote from: kennyliang23 on January 24, 2024, 09:27:27 PM

I am kind of new to the crypto era, and I am wondering if any of these P2P platforms scammed or legit?

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Maybe these sound familiar to you but this is my first month into this game and I want to pick the right ones.

Thanks

Have not used any of those but there are 3 familiar names in your list that has a bad reputations and those are

-Paxful

-Bybit

-Bitget

and those two others are for you to decide .

sheenshane

legendary

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Quote from: GreatArkansas on February 07, 2024, 07:51:40 PM

Quote from: kennyliang23 on January 24, 2024, 09:27:27 PM

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Among the list, I only tried P2P trading is only Bybit, it's really legit and also easy to trade there, the User Interface and user experience of Bybit are really smooth, user and newbie friendly.
Other from the list , I didn't tried because I also consider famous or popular exchanges or platform in my country.

Is this Bybit exchange the same as Binance in that you must pass KYC before doing such p2p trading?

Among all those on the list, I heard a lot of negative reviews on Paxful ever since, I think it depends on the P2P platform that you can trust.
Because there is a p2p that you can truly trust, the risk of having a transaction on p2p is quite risky. Because it should be a P2P exchange that provides easy access to transaction records and history, it's generally more trustworthy.

CryptoHeadlineNews

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Quote from: kennyliang23 on January 24, 2024, 09:27:27 PM

I am kind of new to the crypto era, and I am wondering if any of these P2P platforms scammed or legit?

- Paxful
- Bybit
- OKX

I have been able to navigate all three of these exchanges above, and the truth of the fact is that none is totally scam free, but there are some certain measures one can take to avoid getting scam via the p2p trading section, because I noticed that when it comes to "Bybit and OKX" it is a must to verify KYC before you could be giving access to assess p2p trading, unlike Paxful whereby both verified none verified has access to p2p trading, hence, resulting to series of complaint and scam accusation. But if you could filter either buyers or sellers to only "verified users", then you are likely to trade conveniently without been scammed.

Casdinyard

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Quote from: kennyliang23 on January 24, 2024, 09:27:27 PM

I am kind of new to the crypto era, and I am wondering if any of these P2P platforms scammed or legit?

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Maybe these sound familiar to you but this is my first month into this game and I want to pick the right ones.

Thanks

I can vouch for the legitimacy of some of these sites. Particularly Bybit and OKX which are honest to God crypto exchanges with P2P options granted to its users. The rest of the list I have no idea anymore and couldn’t really say anything about their legitimacy, since this is the first time I’ve heard of them (except phemex which if I’m not mistaken is an up and coming crypto exchange hailing from India.

As a matter of fact since Binance is slated to be discontinued for usage in the Philippines a lot of my folks are looking at Bybit and OKX as great alternatives for the crypto exchange giant which says a lot about how honest these sites are considering they are already being used by crypto users in my country as we transition into a new crypto norm.

Good on you for actually asking around about some important questions as a crypto newbie. It’s quite easy to be so negligent about these things especially when Trustpilot exist but if you could realize just how easily manipulated Trustpilot could be you’d never ask it for anything to do with checking something’s legitimacy. Anyway I think I’m going off on a tangent here already and I’m kinda rambling nonsense at this point. Just always ask around here for any questions you got and we’ll be here to help you.

Topic: Are these P2P crypto platforms SCAM? (Read 754 times)