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

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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.

Tipeform$

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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

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, 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?

BenCodie

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Quote from: KingsDen on February 08, 2024, 08:13:26 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, 08:13:26 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, 05:30:29 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, 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.

GreatArkansas

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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.

BenCodie

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6.25 ---> 3.125

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, 01:40:06 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

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.

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Quote from: Hamza2424 on February 06, 2024, 02:34:31 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, 02:34:31 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.

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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

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, 05:30:56 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, 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 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, 06:57:47 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 25, 2024, 12:45:15 AM

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, 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 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.

batang_bitcoin

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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.

Crypto Library

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

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Actually I haven't any of them for using P2P trading I just signup on Bybit and Bitget for exchanging some of my holding token. I have successfully traded them and also withdrew I haven't face any issue but the amount wasn't that big. I have just use Binance and Kucoin exchanger for P2P trading so I can't share any experience on of them.
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.

BitcoinsGreat

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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

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.

fullhdpixel

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Quote from: Jawhead999 on January 28, 2024, 06:02:13 AM

Quote from: jrrsparkles on January 28, 2024, 03:12:02 AM

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 Wink

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.

Maybe because they didn't know about the issue yet? This is why self-reporting is also a must, if you still want your hacked account back. There are really some things that new and high-tech stuffs can't do. This proves that humans are still important and won't be replaced by them, especially the AI that everyone is talking about now. Creating a bank account with a fake info is I think possible. What about if you have a strong or special connection to that bank or to its staffs? Then you also had a realistic but fake I.D's. Same goes when verifying someone else bank account. You can ask a help for the bank employee in exchange for some nice rewards.

gabbie2010

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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

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.

GiftedMAN

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Leo is resting.

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 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.
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.

legendbtc

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Quote from: Hypnosis00 on January 25, 2024, 08:01:55 AM

- 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.

Ayers

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Quote from: retreat on January 26, 2024, 02:20:46 AM

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.

Jawhead999

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Quote from: jrrsparkles on January 28, 2024, 03:12:02 AM

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 Wink

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.

johnsaributua

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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 Grin

Ever-young

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

- 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; 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.

jrrsparkles

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Quote from: retreat on January 26, 2024, 02:20:46 AM

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.

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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.

Life_Saving

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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.

Nothingtodo

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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

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.

Cvetik56

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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.

Nrcewker

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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.

CODE200

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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.

retreat

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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.

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Quote from: Despairo on January 25, 2024, 12:45:03 AM

Quote from: Darker45 on January 24, 2024, 10:14:01 PM

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.

Potato Chips

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I would always recommend making the most out of your identity verification if you're willing to go through it!

Hence I'd advise skipping paxful or similar exchanges

First, their limits are too low for people who don't want to do address verification. Keep in mind that in most custodial exchanges, an ID + selfie alone unlocks far more limits.

Source: https://support.paxful.com/support/solutions/articles/150000104290-limits-and-verification

Second, a lot of full fledged custodial exchanges offers the same kind of hybrid "p2p" along with many more products such as spot, derivatives, etc. which who knows could come in handy for you in the future.

To sum it up, there are better choices for you so why not take a jump lol.

icalical

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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

On those lists, I have only used Paxful for several times, my experience is actually mixed, it is not always smooth, I encounter several problems where my BTC is not deposited into my wallet instantly but at the end of the day their customer support could solve my problem, but their respond is not always quick, so if you are in hurry I wouldn't recommended it. I usually use Binance P2P but since the money laundering issue, I tend to avoid doing any business with Binance, but in my experience using Binance P2P, most of the time it goes seamless, and when I got some trouble their support is usually quick in solving my problem.

buwaytress

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Quote from: Darker45 on January 24, 2024, 10:14:01 PM

However, I also won't call them a legitimate P2P platform. They're like hybrids. They can't be categorized with genuinely legitimate P2P platforms such as Bisq, Hodlhodl, AgoraDesk, and others.

I agree, but not in the way worded. They're all legitimate P2P platforms in that they allow you to trade with other users. I used Localbitcoins for a long time, it KYC'd near the end, and died, but it was a very good entry into P2P.

Bisq and Hodlhodl are great, but beginners probably find it too daunting at first. If it's KYC, you might find anyway that some traders require some form of KYC from you if you don't yet have a reputation. Remitano for Southeast Asia's also a good place (KYC exists but you don't have to do it for P2P) to get good contacts.

fuguebtc

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Quote from: FinneysTrueVision on January 25, 2024, 12:45:15 AM

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.

And it's your fault when you don't clearly understand the regulations and how P2P trade works on that exchange. I am a regular P2P user on centralized exchanges and to date, I have never encountered any inconvenience or dispute let alone a scam. Furthermore, the exchange itself is an intermediary and they can guarantee your safety if you comply with their regulations. In case you are scammed and cannot complain, it is clearly your fault.

P2P on centralized exchanges is not exactly pure P2P because of third party intervention, but it is safe and risk-free as you said .

Hypnosis00

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- Bybit is just familiar to me but never had the guts to this platform because I was already satisfied with Binance's P2P feature.

After experiencing scam transactions before, I was now been careful in dealing with P2P transactions and it was preferred to use known or reputable platforms than those sites mentioned by OP.

I couldn't say they are scams but much better to play safe especially if we are already satisfied with the platform we use. It was not the fee or KYC but the trust and safety assurance that we have.

Ayebabara

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I have seen those ones you listed in different social media ads. Though I have not used them to do any exchange but I also seen some of my friends using some those apps in their mobile phones. So I don't think they are for scam.

Natsuu

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Quote from: Darker45 on January 24, 2024, 10:14:01 PM

Surely, you can't just label them outright as scam. Except perhaps for Phemex, all those centralized exchanges mentioned I have already encountered a number of times. And while I'm not a user of all of them, more or less they have already established a known and reliable brand. So while you may encounter an accusation or two against them, they probably can't be categorized as scam alongside the likes of YoBit and other notorious brands.

However, I also won't call them a legitimate P2P platform. They're like hybrids. They can't be categorized with genuinely legitimate P2P platforms such as Bisq, Hodlhodl, AgoraDesk, and others.

Those exchanges are kind of in the middle not fully P2P like Bisq but not entirely centralized either. We have to keep an eye on user feedback to see which one suits your style best.

Davidvictorson

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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 have not used Paxful once but from people who have used it, there has not been any compaints of scams. I think one time they had an internal issue where the one of the co-founder Artur Schaback was fired. I think the issue was resolved but I never used the platform.

I downloaded the Bybit app with the intention of using for trading. I used it once and stopped becasue I feel that I could still Binance for the same purpose. I guess it was peer pressure that forced me to make that decision becasue they carried out a massive marketing campaign in my country. I can say that they are legit.

I am surprised I didn't see KuCoin and Binance there. When you are starting out go with the most popular exchange that has the top score and according to coingecko, the 3 largest cryptocurrency exchanges are Binance, Bybit, and Coinbase Exchange.

Assface16678

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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've used bitget and bybit when I'm doing my P2P transactions, and so far I didn't encounter any inconvenience in doing transactions there, but for a certain reason, I relocated to using a platform that has multiple functions, such as Binance, where I can do P2P and many more, and made use of their features. And because they are flexible, I can do more than just P2P, and they are also known, so it is advised to use the platform with popularity and reputation.

Although we here have experience on the said platforms, it doesn't mean that you are safe from malicious intentions, so you better do your best to make a safe and secure transaction and also avoid human errors. I'm not sure about the other mentioned platforms; it will be great if you do research on each of them, but if you truly trust the forum's members, then you could rely on the opinions of the members here.

pakhitheboss

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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.

hugeblack

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Since you mentioned Paxful OKX, which has P2P options but requires KYC, why not use Binance P2P? I think you will find a large database there. If Binance is banned in your country, OKX is good, and stay away from Phemex and Bitget, as the degree of trust in them is lower than OKX.
If you do not want to complete the identity verification procedures, there are Agoradesk, Hodl, Hodl, and Bisq.

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.

jrrsparkles

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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

Paxful is a legitimate KYCed P2P platform, you can only trade if you complete KYC verification just like any other centralized exchange but here you can find offers from multiple people and choose who is giving the best deals.

I don't want to comment on others because I don't have experience using them.

The important thing, Paxful is filled with scammers which is different from the platform is scam or not, so you need to be very careful with choosing your trading partner in P2P. My suggestion is just to pick the traders with the highest feedback and liquidity and choose offers than is realistic and never pick any offer than gives 20 or 30% above the market rate, these are funds coming from hacked bank accounts.

KhanJohnson

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Activity: 101

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Have used Paxful in the past but my information is relatively old now. Still it was a fair experience.

gunhell16

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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

Bybit, Okx, and Bitget are fine for me according to my experience, and I don't see anything bad about them, to be honest. And I haven't heard of any scam issues; why are there?

It's just that the other ones you mentioned I haven't tried to use yet. But I often use Bybit because their service makes me feel faster when it comes to p2p transactions, whether it's deposits or withdrawals that you do as traders in the crypto space.

Oshosondy

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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 have used Paxful before, I left the exchange when it started to make KYC mandatory. The exchange is not a scam. Also that others like OKX and Bybit have made KYC mandatory now also.

I am still using Bybit and OKX, they are both good exchanges. But I do not like the OXK mobile app, it is always slow if you want to select another coin or token from trading page, but it is good on desktop. Although the mobile app is not that bad.

Bybit is good, but I noticed too much trading fee deduction at times on the exchange which I may be wrong or right about. It is good for using altcoins to trade futures, unlike using only stablecoins as it is on most exchanges, you can also use stablecoins to trade futures on Bybit. Stablecoins available are USDT and USDC for future trading.

I have not used Bitget and Phemex before but they are said to be legit exchanges. You can make more research about them to know if they are shady or not.

bluebit25

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Eloncoin.org - Mars, here we come!

I have also used all of the above platforms but not all of them are used with P2P, the problem is that you will need KYC to fully implement the features you want and if you don't like that then switch to some services that people have shared before.

Anyway, these are most of the CEXs that are quite famous and have a stable number of users, so using them is a bit safe but will not completely guarantee you. In the crypto environment, it is better to be flexible and also to be equipped with more knowledge and skills to handle those things, and if you are newbie then I think you should start coming to the Beginners & Help to find the basics first.

kentrolla

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Eloncoin.org - Mars, here we come!

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 I would say you can trust exchanges but not the P2P traders there. We all know Binance is one of the most trust CEX but my friend's bank account got freezed because of doing P2P trading wherein the seller was involved in illegal activities and he had sent funds from a different account from which was not verified as a result he has to run around relevant authorities to get it activated again. P2P is a shady platform we need to be too cautious.

Outhue

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I will never say anything good about PaxFul because I was a victim to their scam years ago and it's something that always come back into my mind whenever I see the name PaxFul online, if you know what's best for you do not use this platform, they have the most terrible ways of handling trades, they give power back to the scammers and release your fund or gift card to them, this was what happened to me.

ByBit and OkX are both centralized exchanges, them offering peer to peer trade is like how Binance exchange is doing it's thing, but customers are asked to pass KYC, I believe the best P2P platforms don't need to ask for KYC or keep any form of data from their users.

They are not as good as AlgoraDesk, HodlHodl and others, they don't ask for any sensitive data, just you and the person you want to buy from or sell to, their job is making sure the trade is a success.

sunsilk

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I'd avoid paxful because they have been closed before but then they have returned with a new management IIRC. And having that kind of attitude towards the business and that is why I wont be using them.

I have used Binance and I have good experience there but I was forced to comply with the KYC when they have changed their policy.

Right now, if you like to use decentralized p2p platforms. There is the bisq that's very known here.

EarnOnVictor

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Leading Crypto Sports Betting & Casino Platform

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

You've asked your question in the right forum, just read the replies of people carefully and the one with the most similar response should be your final choice.

Those services above offer P2P, but their strengths and operations vary. Like Paxful, you would be charged more, so I prefer you to go for direct exchanges like Bybit or OKX. But, I prefer Binance for you if you must be informed, more than all those exchanges you listed above. You didn't add it despite being the largest crypto exchange in the world. I've used it for many years without any issue even as I'd used others with a slight issue, so I can't be selfish to recommend it.

Only note that all these services are centralised (CEX), you might also want to also learn about decentralised exchange (DEX) if that's okay by you.

FinneysTrueVision

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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.

Despairo

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Activity: 1036

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It depend on how you define scams in the first place.

If you're looking a real P2P platform, it's correct they're scams because they're nothing different with centralized exchanges.

But if you're just looking an exchange that won't steal your coins/funds, they're not scams.

Quote from: Darker45 on January 24, 2024, 10:14:01 PM

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.

Quote from: ?? on ??

For me I use binance and mexc exchange and haven't use this ones listed or even know how they are secure .

Both of them are centralized exchanges.

DanWalker

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We are all the pieces of what we remember.

Quote from: Darker45 on January 24, 2024, 10:14:01 PM

Surely, you can't just label them outright as scam. Except perhaps for Phemex, all those centralized exchanges mentioned I have already encountered a number of times. And while I'm not a user of all of them, more or less they have already established a known and reliable brand. So while you may encounter an accusation or two against them, they probably can't be categorized as scam alongside the likes of YoBit and other notorious brands.

However, I also won't call them a legitimate P2P platform. They're like hybrids. They can't be categorized with genuinely legitimate P2P platforms such as Bisq, Hodlhodl, AgoraDesk, and others.

A fair answer for all. Apart from Phemex, the rest are all reputable exchanges and OP can use one of them to start his crypto journey. The only downside is that they are all centralized exchanges and most people here don't like them so there will be accusations about them. But basically, they are safe to buy and sell cryptocurrencies.

OP, my advice, you are newbies and there are many things you need to learn before investing. Therefore, I recommend that you have the most basic knowledge about the market before thinking about investing. Investing in haste also won't help you make a profit.

Cantsay

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It will be better if you just go for the one that is known to forum members here.

I have an account in both Bybit and OKX but I’ve never made any deposit there since they are requesting that I complete kyc before I can perform what initially made me create the account.

You have already been showed Agoradesk but incase you want to use a popular exchange and you’re not the type that’s privacy conscious then you can also use binance [if you are ready to complete kyc verification] if you’re not willing to submit your documents then go for Agoradesk.

Darker45

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Surely, you can't just label them outright as scam. Except perhaps for Phemex, all those centralized exchanges mentioned I have already encountered a number of times. And while I'm not a user of all of them, more or less they have already established a known and reliable brand. So while you may encounter an accusation or two against them, they probably can't be categorized as scam alongside the likes of YoBit and other notorious brands.

However, I also won't call them a legitimate P2P platform. They're like hybrids. They can't be categorized with genuinely legitimate P2P platforms such as Bisq, Hodlhodl, AgoraDesk, and others.

BlackBoss_

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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.

Use two big websites to check them, Coinmarkecap and Coingecko. Those market websites have Trust and Reputation score for exchange and you can use those score as kind of reviews.

Want to know they are legit or scam, you can search with Google.

Paxful + scam
Bybit + scam

You will have results from Google and do your assessment on those results, to judge those exchanges.

Five exchanges you list, four are centralized exchanges and only Paxful is a Peer-to-Peer exchange.

Reminder: do not keep your money in online accounts

paid2

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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

I never used any of them sorry, so I won't vouch for them.

If you are looking for nice P2P solutions, I can tell that Agoradesk and LocalMonero are legit and efficient to buy/sell BTC/XMR. I used Agoradesk a lot for buying and selling cryptos, it is very nice. Once you found some nice users, it is just perfect imo. You just need to be carreful and check the rates.

Peachbitcoin is a good P2P non-KYC option too, based in Switzerland. Very smooth process, just a little bit boring if you are an Iphone user but still doable. (their app is still in Beta with iOS)

If you want to find legit P2P services, kycnot.me could be a great place to find links.

Mia Chloe

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They may appear to be very legit but the most important thing to do when dealing with crypto especially is to be anonymous so try as much as you can to avoid KYC .
Keep your data and keys private and safe.

kennyliang23

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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

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