Are these P2P crypto platforms SCAM? - page 2.

Tipeform$

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Quote from: kennyliang23 on January 24, 2024, 08:27:27 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

OP among all the exchange platforms you have listed here for p2p, I have heard of OKX, Bybit and Bitget exchanges but I have never p2p on all these exchange platforms. I used binance exchange platform for p2p because binance exchange platform has easy means to convert cryptocurrency in p2p to my native currency. There is almost no chance of getting cheated from here. But in some cases there is a possibility of being cheated, that possibility can be eliminated if you get the money and confirm it and release it.

Iamcrypticguy

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Quote from: LogitechMouse on February 07, 2024, 10:33:27 PM

Quote from: kennyliang23 on January 24, 2024, 08:27:27 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?

BenCodie

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Quote from: KingsDen on February 08, 2024, 07:13:26 AM

Thanks Ben.
It is disturbing that the original idea of Satoshi about escrow is no longer popular among bitcoiners and especially newbies who are reluctant to learn. As against the true escrow, what people now consider as escrow is;

One person serving as a third party among two parties who wants to trade
CEXs serving as a third party among her users by moderating the trade

Yup, unfortunately this where we are for the time being until the next big exchange problem, private data leak or hack that creates an experience for victims that forces them to find the safer alternatives...or until the next decentralized exchange innovation that can somehow capture their attention so much that it enthuses them to try it over the cex.

Quote from: KingsDen on February 08, 2024, 07:13:26 AM

Apart from the above two, the original p2p that is described by Satoshi in the bitcoin whitepaper which is highly related to decentralized system is fast dying off. I don't think this will be redeemable in the short period. This is because the first place that newbies sign up and create wallet is in the exchanges. From there, they will witness the exchanges P2P and will settle for that for a very long time and possibly introduce other latest newbies to the same system and process.

Unfortunately, you're right. The Bitcoin ecosystem definitely isn't the "decentralization and peer to peer" beacon that it used to be. I guess all of the strong leaders were made too wealthy to care as much (ideally, for them).

Hopefully that changes in the near future.

Y3shot

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Their are lots of p2p crypto exchange that are scam, if you don't know how to figure it out if an exchange is a scam exchange it is better to stay away from crypto exchange that are new and not being use by many people. Going for a well known exchange is better and safe that you dealing with new exchange, their are lots of popular exchange which you can trade with it. Normally exchanges are not even reliable and it will be so risky to invest in the ones that you are not even sure about like the new ones.

KingsDen

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Quote from: BenCodie on February 07, 2024, 04:30:29 PM

I don't think any of the listed exchanges would be considered P2P? Just because an exchange has an internal transfer function where you can send to accounts internally, that does not mean that it is P2P on the same level as Bitcoin.

All of what was listed (AFAIK) are centralized exchanges, maybe with internal transfer functions.

If you are looking for a higher level of P2P, look for decentralized P2P services. For example, Bitcoin is a decentralized peer to peer network, Bisq is a decentralized Peer to Peer exchange, etc.

Decentralization is a key pair with P2P. With it, you can interact with others while protecting your data/privacy from big corps.

If you don't care about decentralization, protecting your data/privacy from big corps, etc. Then use centralized exchanges. KingsDen describes things quite well below:

Thanks Ben.
It is disturbing that the original idea of Satoshi about escrow is no longer popular among bitcoiners and especially newbies who are reluctant to learn. As against the true escrow, what people now consider as escrow is;

One person serving as a third party among two parties who wants to trade
CEXs serving as a third party among her users by moderating the trade

Apart from the above two, the original p2p that is described by Satoshi in the bitcoin whitepaper which is highly related to decentralized system is fast dying off. I don't think this will be redeemable in the short period. This is because the first place that newbies sign up and create wallet is in the exchanges. From there, they will witness the exchanges P2P and will settle for that for a very long time and possibly introduce other latest newbies to the same system and process.

LogitechMouse

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Quote from: kennyliang23 on January 24, 2024, 08:27:27 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.

GreatArkansas

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Quote from: kennyliang23 on January 24, 2024, 08:27:27 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.

BenCodie

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I don't think any of the listed exchanges would be considered P2P? Just because an exchange has an internal transfer function where you can send to accounts internally, that does not mean that it is P2P on the same level as Bitcoin.

All of what was listed (AFAIK) are centralized exchanges, maybe with internal transfer functions.

If you are looking for a higher level of P2P, look for decentralized P2P services. For example, Bitcoin is a decentralized peer to peer network, Bisq is a decentralized Peer to Peer exchange, etc.

Decentralization is a key pair with P2P. With it, you can interact with others while protecting your data/privacy from big corps.

If you don't care about decentralization, protecting your data/privacy from big corps, etc. Then use centralized exchanges. KingsDen describes things quite well below:

Quote from: KingsDen on February 06, 2024, 12:40:06 PM

Quote from: kennyliang23 on January 24, 2024, 08:27:27 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

It all depends on your definition of scam;

If depositing fiat, using it to buy crypto and withdraw it is what you consider as legit, all of them could be legit.
If asking for KYC is what you consider as scam, all of them could also be scam

But if you are willing to submit your data in the name of KYC, using popular exchanges like binance could be the best choice.

taufik123

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Quote from: Hamza2424 on February 06, 2024, 01:34:31 PM

First of all this topic doesn't belong to this section, At the same time I'm wondering why the moderator hasn't moved it out to the Exchanges section.

Yes, this thread should be moved to the Exchange Board, because it discusses P2P related to CEX.

Quote from: Hamza2424 on February 06, 2024, 01:34:31 PM

Hmm, most of them are renowned platforms, and you can consider them reliable, especially for Bybit & OKX I'm sure they have a good support team, and response to complaints also I've personally used them. So I can say they are pretty reliable for the rest I cant say anything.

OKX, Bybit, Binance, Bitget are some of the exchanges that I also use, it is a popular and most used Exchange for P2P and all of them run well.

But what needs to be considered, every Exchange will implement KYC to be able to use P2P features and this must be realized by everyone.
Those who don't want to be bothered with KYC, just forget about CEX and do it elsewhere.

Hamza2424

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First of all this topic doesn't belong to this section, At the same time I'm wondering why the moderator hasn't moved it out to the Exchanges section.

Hmm, most of them are renowned platforms, and you can consider them reliable, especially for Bybit & OKX I'm sure they have a good support team, and response to complaints also I've personally used them. So I can say they are pretty reliable for the rest I cant say anything.

DYING_S0UL

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I have used exchanges like Binance, Kucoin, ByBit. AFAIK all of these exchanges require mandatory KYC's. For me, I have never encountered any problems using these exchanges. Everything went smooth. So if you not concerned about your privacy, I guess you could use one of those.

Never use an exchange to store your assets. Use them only when you need to buy or sell your assets. Not your keys not your coins.

Rehan Zakir

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I don't think so because these are all very good exchanges and they have not scammed their users. Their systems are really reliable. It's really hard to get scammed on these platforms. But I heard that there are scammers on Paxful for peer-to-peer trading. However, I haven't tried it myself.

KingsDen

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Quote from: kennyliang23 on January 24, 2024, 08:27:27 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

It all depends on your definition of scam;

If depositing fiat, using it to buy crypto and withdraw it is what you consider as legit, all of them could be legit.
If asking for KYC is what you consider as scam, all of them could also be scam

But if you are willing to submit your data in the name of KYC, using popular exchanges like binance could be the best choice.

Quote from: hugeblack on January 25, 2024, 04:30:56 AM

Remember that these platforms provide a safe way to make P2P deals, but you are still making deals with an unreliable third party. Look for an account with a high positive rating, read the terms carefully and ONLY release escrow after you are sure that your money has arrived.

The exact reply I have been looking for. A platform could be genuine but the users if not strictly regulated could be scammers. It doesn't end in validating the domain, but also being careful with the participants of the platform is important.

sokani

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Quote from: kennyliang23 on January 24, 2024, 08:27:27 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 not used any of the exchanges you listed, so I cannot help you make a pick. However, if you want to avoid KYC, then I'd suggest bisq.network, but if you're comfortable submitting your personal data, Binance is good place to carry out P2P trade because of the higher number of active traders. Also, it's important to note that during P2P trade, you're dealing with the trader and not the exchange, so do well to read how to avoid scams on P2P Trade.

glendall

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The five exchanges you mentioned, 3 of which I have used, are safe, where do you conclude that OKx, Bitget and Phemex are scams, have you tried them? and cheated? or how ?
My advice is that you don't get scammed, use the official website and if it's p2p, look for a verified platform

BitcoinsGreat

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Quote from: kamvreto on February 04, 2024, 05:57:47 PM

Bybit, OKEx, Bitget in my opinion are legit and I have tried them but paxful and phemex have never tried them at all. It's better to use a p2p platform that is quite familiar and proven to pay rather than using a new P2P platform. I usually use Binance and never switch to another platform. Binance is trusted and there is no doubt anymore.

I think that if you have binance allowed to use in your region then there is no need to find another platform for P2P. Binance P2P platform is the best one for sure and there you will find a lot of merchants offering there services.
Yes, you need to be careful while dealing with P2P but then this is a standard as at all the platforms, there is a risk of getting scam but if you follow the standard like no third party payments etc, you won't be scammed easily.

yazher

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Quote from: FinneysTrueVision on January 24, 2024, 11:45:15 PM

The platform itself won't scam you but when you are doing p2p trades there is some risk that that you might get scammed if you are receiving a payment which can be charged back. If you don't use escrow you can be scammed also. This happened to me once when I was using a new p2p exchange where I wasn't familiar how it worked and mistakenly sent a payment before the other user's funds were in escrow. I got scammed but it wasn't a major loss. You should start out with smaller trades when you are just beginning.

Even in the popular exchanges that have some of these P2P features, scammers are wreaking havoc and I've nearly become a victim of their scam because of how their fraud works. they sent me a screenshot which an evidence that they already sent the fiat that I was asking for, the amount was correct and they nagged me to send the BTC to them but when I watched closely, the account number wasn't mine, and when I realized I was talking to a scammer and he nearly got me with his old trick. so you just better not to lower your guard with these guys because anytime they could betray you.

kamvreto

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Bybit, OKEx, Bitget in my opinion are legit and I have tried them but paxful and phemex have never tried them at all. It's better to use a p2p platform that is quite familiar and proven to pay rather than using a new P2P platform. I usually use Binance and never switch to another platform. Binance is trusted and there is no doubt anymore.

Kelvinid

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All of them are working on OP but dealing with the P2P feature is quite different as it already involves 3rd-party which they don't have full control over them. Just like other sites, P2P can be a scam but it doesn't mean that site itself is a scam, it is just the person we communicate with. That is why we also have to take a look at the review because, in other platforms like Binance, there is a rating to review if that person is having a bad performance.

What I can say OP is that you have to careful and it is better to use the site/platform that you were usually used. Trying a new one is not a bad idea but you have to be careful.

lombok

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Quote from: kennyliang23 on January 24, 2024, 08:27:27 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 have never made a P2P transaction on the exchange list you wrote about, but I have several accounts from that list. Honestly, I am comfortable and trust Binance's P2P service and am not interested in making P2P transactions on other exchanges. I'm afraid that if doing a lot of KYC on various exchange platforms will leak my personal data, I've risked my identity to do KYC on Binance so I can make P2P transactions and that's enough.

If the OP wants to make a P2P transaction on one of the listed platforms, my suggestion is to first use the money that will be exchanged or withdrawn to avoid big losses when a scam occurs.

Topic: Are these P2P crypto platforms SCAM? - page 2. (Read 856 times)