Topic: Are these P2P crypto platforms SCAM? - page 3. (Read 826 times)
I will avoid to use paxful because they're not good for me as a platform that have announced to be done with business and then gets back, it won't get a 2nd chance for me. That's just for me guys and if you think that they deserve it, you're okay as that's what you think about them. But for me, business isn't like this because once you're closed down and not too long after, you'll get to business with some changes and new management IIRC, I just don't find it as a good factor.
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- Paxful
- Bybit
- OKX
- Phemex
- Bitget
But I wanna say that even if you are selecting a top platform for P2P trade you can be scammed because p2p kind of third party on exchanger. I have follow some procedures to trade on the to avoid scammers like seeing their ratings and reviews on their feedback. Many times I took to be a scam but in the end the scammers were not successful. And always read the rules of cex or platform before doing a p2p trade.
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
- 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
How do you find these platforms as scam? Most of them are good exchanges but i am not sure if all of them offer the P2P services. I haven't heard of Phemex by the way.
Anyways i use Binance for the P2P deals and they have a great platform for P2P. You need to take precautions so the dealers at P2P do not scam you and that has nothing to do with the platform.
FTX went bankrupt not run away with user funds so as long as the people are using exchanges for trading and not storing the cryptos for the longer term they do not really need to be worried about its long-term existence or their internal affairs. Some exchange's p2p is having difficulty dealing with scammers abusing their p2p platforms by sending funds from hacked bank accounts so when it comes to P2pP, it is better to prefer completely verified trader than just email and ID verified users.
If someone bank accounts get hacked, how it's possible banks didn't freeze the funds in the first place? it's not as easy as you thought 
If you argue someone can create a bank account with a fake information, then you need to try it by yourself.
There's no way to verify someone else bank accounts except you're the bank employees, banks wouldn't share their information easily to other people except the case is related to crime or went viral.
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
Personally I have been using Binance P2P for many years without any issues, their services is topnotch with fast transactions once paired with buyer or seller, however KYC mandatory to enjoy their services and KYC is in tiers depending on the amount of money or coins to be transacted, I had some few experience with paxful then though no issues with that platform too, but since I ported to Binance I stopped using it, other exchanged mentioned I never use their services thus no comment on them, meanwhile beware of fake Binance telegram which some fraudsters used to scam unsuspecting people of their hard earned money. - 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 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 afored mentioned exchanges are genuine from my perspective and you shouldn't have to think of them as scam but just like every other exchange, I'm sure there are also scammers out there who are out there seeking for people to steal from them, so you have to be very careful while dealing with exchanges as nothing is guaranteed and no one will be held responsible for any losses and it is even stated very clearly over there.- 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 don't know your reason for asking about these exchanges but I hope you don't intend storing your coins on exchanges but rather try to store them on more safer places.
- Bybit is just familiar to me but never had the guts to this platform because I was already satisfied with Binance's P2P feature.
Except for Phemex because it's so foreign to me. All the remaining exchanges that OP mentioned are reputable and worth using. I have used all of them as I used to be a USDT trader at most centralized exchanges. But I have to admit to you that Binance is still the most worth using because it has higher liquidity than all the other exchanges. Regarding security features, or customer protection policies, there is not much difference between them. As long as we follow the rules they set, we will be safe. 
Only Paxful can be considered a P2P crypto platform, the rest as you say are centralized exchanges. However, discussing whether it is legit or not, I cannot conclude directly, the platforms you say are already popular globally and have millions of users so they can be said to be quite trustworthy. But that does not guarantee that the exchange platform will be trustworthy in the future, because the possibility that they could collapse is very possible, as was the case with FTX some time ago. So always pay attention to your assets and if possible, there is no need to hold them for a long time on a centralized exchange.
I agree with you that P2P trading on centralized exchanges is not completely P2P because of the intervention of a third party, and that is the exchange. But as long as you don't bother with KYC issues and never store assets on those centralized exchanges, using P2P on CEX will be many times easier and more convenient than DEX.
Regarding the future, nothing can be trusted whether DEX or CEX because you cannot predict what will happen in the future. If you only use CEX for P2P trading and buying and selling coins then you won't have any problems.
The collapse of FTX has nothing to do with the topic we are discussing because we only talk about P2P, no one talks about storing assets on CEX.
FTX went bankrupt not run away with user funds so as long as the people are using exchanges for trading and not storing the cryptos for the longer term they do not really need to be worried about its long-term existence or their internal affairs. Some exchange's p2p is having difficulty dealing with scammers abusing their p2p platforms by sending funds from hacked bank accounts so when it comes to P2pP, it is better to prefer completely verified trader than just email and ID verified users.
If someone bank accounts get hacked, how it's possible banks didn't freeze the funds in the first place? it's not as easy as you thought If you argue someone can create a bank account with a fake information, then you need to try it by yourself.
There's no way to verify someone else bank accounts except you're the bank employees, banks wouldn't share their information easily to other people except the case is related to crime or went viral.
I only use Bybit and okx in my daily P2P, although P2p but guaranteed because it is protected by the cex umbrella, for those of you who might be trying this is not a bad impression as long as you can find CEx with a good rating. The security provided in my opinion is very solutive between sellers and buyers even though it involves local banks, ewallet and other payments so far are very easy to understand for beginners though, because the cex also facilitates with a guide in the softwhare menu display. Also you can check the hystory of each seller/merchant there. Indeed, each cex has different rules and methods, but so far p2p cex has been very helpful to me and is cheap and even free if the means of payment is the same. than withdrawing from local cex directly which is done by the system converting crypto to fiat sometimes longer verification and added taxes 
- Paxful
- OKX
Last I had of paxful I think they were filing for a closure I don’t know if they succeed in ending there business or if they’re still operational, from what I have seen and had one time experience with paxful they were offering a little good P2P market there not until the number of scammers was more than the number of real traders there which you can even find a good pears go trust when engaging in trade adding to the fact that there KYC was later made compulsory for all. - OKX
OKX; this exchange is really confusing me as I can see one other one called okcoin which is somehow related to the OKX exchange and they need full KYC in other for it to be used, I will advice you to go through the forum exchange board to select few exchange used by many here with little trust history.
Only Paxful can be considered a P2P crypto platform, the rest as you say are centralized exchanges. However, discussing whether it is legit or not, I cannot conclude directly, the platforms you say are already popular globally and have millions of users so they can be said to be quite trustworthy. But that does not guarantee that the exchange platform will be trustworthy in the future, because the possibility that they could collapse is very possible, as was the case with FTX some time ago. So always pay attention to your assets and if possible, there is no need to hold them for a long time on a centralized exchange.
FTX went bankrupt not run away with user funds so as long as the people are using exchanges for trading and not storing the cryptos for the longer term they do not really need to be worried about its long-term existence or their internal affairs. Some exchange's p2p is having difficulty dealing with scammers abusing their p2p platforms by sending funds from hacked bank accounts so when it comes to P2pP, it is better to prefer completely verified trader than just email and ID verified users.
I am using P2P in converting my USDT to my country's fiat money since it is very convenient, fast and safe (depending on the crypto platform, I guess). Since Binance is still operating here in my country, it is the most popular one and is the top choice of many and since we already have money app used by millions, transactions will be done in minutes. Right now, I am actually concerned since Binance has no proper regulatory permit here in my country to get involved with this business but I am hoping they can fix this problem ASAP. Now, I am not familiar with any other P2P platforms and because of that I could not recommend them to anybody.
The legitimacy of P2P (peer-to-peer) platforms in the crypto space can vary widely, and it's crucial to exercise caution and conduct thorough research before using any platform. While there are legitimate and trustworthy P2P platforms, there have also been cases of scams and fraudulent activities.
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
Normally you can use P2P trading between binance and Kucoin exchange because P2P cannot be used without KYC verification. However, there is no opportunity to do personal verification trading in the central exchanges mentioned above. Moreover, fraud in P2P transactions on Kucoin and Binance exchanges must be reported and immediate action taken. - 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'm not really sure if those are scams, but I don't trust them, especially Bybit. It's being promoted too much with unrealistic bonuses.
These platforms are not scam, rather some of the traders are doing scams on these platforms. So if you choose the right partner, then definitely you will be saved from the scams. If you ask me then I have used Paxful personally the most. It has really great user interface, and it is very user and beginner friendly to use. Just make sure to choose the correct trader while exchanging the coins and everything will happen perfectly.
I think they're all credible exchanges except for Phemex, first time I've heard of that exchange so if you're planning to use that crypto platform to do a P2P then make sure that you're treading carefully if you're going to use this one or this should be your last choice on the lists that you've given, you're better off with what's also recommend the most by the replies here rather than blindly going in, don't lose your money over something stupid that you could've prevented. I personally use Binance but their KYC policy might off put you in using that, it's not inconvenient for me when I'm using it so I haven't had any problems that led me to changing platform to do a P2P trade.
Only Paxful can be considered a P2P crypto platform, the rest as you say are centralized exchanges. However, discussing whether it is legit or not, I cannot conclude directly, the platforms you say are already popular globally and have millions of users so they can be said to be quite trustworthy. But that does not guarantee that the exchange platform will be trustworthy in the future, because the possibility that they could collapse is very possible, as was the case with FTX some time ago. So always pay attention to your assets and if possible, there is no need to hold them for a long time on a centralized exchange.
They can't be categorized with genuinely legitimate P2P platforms such as Bisq, Hodlhodl, AgoraDesk, and others.
Bisq is more like a decentralized exchange rather than P2P platform because you don't have to depend on centralized server.One reason why I don't consider the likes of Binance, and the rest of the centralized exchanges mentioned here like OKX, Bybit, and others that offer peer-to-peer trades, as legitimate is that they are centralized. To a significant extent, centralization and peer-to-peer are opposites. These centralized exchanges are actually acting as a go-between. They're middlemen, in other words. They even demand KYC from you. They can demand you to do this and that because the other party has already submitted valid proofs or whatever. So, trades aren't peer-to-peer, they're peer-to-OKX-to-peer or peer-to-KuCoin-to-peer.
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