That's P2P in real life and much worse with $5 wrench attack that's happening. That's why we have P2P online marketplaces and we're allowed to trade there.
I wouldn't even trade with someone personally and I'd keep myself lowkey and this is the main reason why we need to preserve ourselves. Always think that your security and safety is utmost priority.
You never know what people can these days brutally for the sake of money and those that are flaunting what they own in crypto assets, you need to lie low.
Topic: Avoid trading crypto in real person. You can see this now on Binance. - page 3. (Read 382 times)
November 15, 2023, 03:39:40 PM
November 15, 2023, 03:37:14 PM
This is just not different from KYC if you trade with bad person. Avoid such physical trading.
Just because someone got attacked during trade doesn't mean that buying/selling bitcoin in person is bad. Problem is that people are not using common sense and are not careful enough when doing that, which sometimes end uo them getting robbed. Using that logic many things you do in real life shouldn't be done just because someone somwehere got robbed/attacked. I've done quite a few in person trades and I never had any issues whatsoever. Then again, I am not having such meetings in some dodgy alley and trying to sell large amount of bitcoin to a person that I enver met before and instead it was always done in a very public place (for example casino or a mall) so chances of something happening are slim.
November 15, 2023, 03:31:24 PM
There use to be a platform OLX in my region this platform links buyers and sellers together and they meet at a designated place to do their business, reports has it that some of such deals ends in crime.
This physical trading in binance is just like the same, it's super risky to as a seller or a buyer to meet a total stranger physically to deal in Crypto-currency, even if you have company you never can tell what's waiting for you, also your identity is compromised because you are appearing physically.
This physical trading in binance is just like the same, it's super risky to as a seller or a buyer to meet a total stranger physically to deal in Crypto-currency, even if you have company you never can tell what's waiting for you, also your identity is compromised because you are appearing physically.
November 15, 2023, 03:11:00 PM
if the physical trading is now the only option left for me to sell the Bitcoin that the only way and when I will sell my Bitcoin in person and at face to face, but anything outside that will be and amount into risk which gives me options such as what we have in the p2p KYC nature that way is the only path to take.
There is no way, there won't be an incident of theft armed attack and possible kidnapping of customers wdealals in f2f mode, but I am also wondering, why the exchange will implement such a p2p nature where clients meet each other to exchange their Bitcoin.
There is no way, there won't be an incident of theft armed attack and possible kidnapping of customers wdealals in f2f mode, but I am also wondering, why the exchange will implement such a p2p nature where clients meet each other to exchange their Bitcoin.
November 15, 2023, 02:19:24 PM
It is now real on Binance. This is it:
It is the forth one which cash trade crypto in person via cash is.
It is very bad that exchanges will make this happen. There should not be anything like this. I am also advising people not to use it if they want a private and protected life for themselves.
This is crazy. This is insane.It is the forth one which cash trade crypto in person via cash is.
It is very bad that exchanges will make this happen. There should not be anything like this. I am also advising people not to use it if they want a private and protected life for themselves.
Don't these exchanges have advisers. Can't they read history. As if the caution of leaving money on these exchanges is not enough, they want to set up people to lose not just their funds but their lives.
Out of curiosity, should someone lose their funds to theives posing as traders through this can they sue Binance?
November 15, 2023, 02:12:41 PM
I would not tell people to avoid face to face trades, what i'd tell them is to follow certain precautions: do not meet random people on social media and meet up with them for a face to face trade, you will definitely be robbed...
This is exactly what happens when you make a face to face trade. A media (could be a decentralized or centralized exchange) connects a random buyer to a seller. They do their basic checks, but this does not accommodate the intent of any of the parties.This creates an avenue where one can be jacked; $5 wrench attack, or tracked back to their home.
Going along with a friend is a good idea and can help to some extent, but much better to go with a more assured alternative.
- Jay -
November 15, 2023, 02:01:04 PM
There is nothing wrong with trading crypto face to face, i hear that people say you can be robbed, but you can be robbed anywhere, at anytime, you can be robbed just right after coming out of your home, or when you are leaving the gym, hell, you can even be robbed right inside your own home.
I would not tell people to avoid face to face trades, what i'd tell them is to follow certain precautions: do not meet random people on social media and meet up with them for a face to face trade, you will definitely be robbed. Use a decentralized exchange like Bisq to set up face to face trades, (the funds would be locked in the 2 of 2 multisignature address before you meet your trading peer) and then you should meet in a public/busy place, you can also go along with a friend and don't give away anything personal to your trading partner.
I would not tell people to avoid face to face trades, what i'd tell them is to follow certain precautions: do not meet random people on social media and meet up with them for a face to face trade, you will definitely be robbed. Use a decentralized exchange like Bisq to set up face to face trades, (the funds would be locked in the 2 of 2 multisignature address before you meet your trading peer) and then you should meet in a public/busy place, you can also go along with a friend and don't give away anything personal to your trading partner.
November 15, 2023, 01:57:29 PM
This has just began on Binance and this is what will be happening on other exchanges.
We can see recently how robbers attacked bitcoin and other crypto users and this is becoming common. These are two recent ones:
Swedish Bitcoiners targeted by armed criminals
Binance Client Executives Kidnapped, Forced to Empty Crypto Wallet
You can now trade bitcoin and other crypto with other local traders on Binance and you will meet at a particular place that both of you talked about.
This is just not different from KYC if you trade with bad person. Avoid such physical trading.
We can see recently how robbers attacked bitcoin and other crypto users and this is becoming common. These are two recent ones:
Swedish Bitcoiners targeted by armed criminals
Binance Client Executives Kidnapped, Forced to Empty Crypto Wallet
You can now trade bitcoin and other crypto with other local traders on Binance and you will meet at a particular place that both of you talked about.
This is just not different from KYC if you trade with bad person. Avoid such physical trading.
Binance is one of the largest if not biggest, so it's easy for them to used this as main target of victims but the more I read about this, the more I feel something has happened somewhere before all this. It's either Binance mistakenly leak people information or maybe someone from inside Binance actually leak this information to his crew to carry out this heist, nobody can really meet you in and bargain through P2P, the most they can get is perhaps a phone number which can only be for confirmation or easy access to call a trader to close their deal fastly, I don't think a number is enough to carry out this robberies.
But the truth of this is that KYC has done more harm than good, never will you see headline of KYC in the media always about good result, is either an exchange was hacked and user information leaked or something that lead to stolen item and mostly it does happen in centralized exchanges. Some people will never accept the fact KYC is bad but then again, let's always give them benefit of doubts, they will learn and they will learn the hard way.
November 15, 2023, 01:34:13 PM
I have not seen this option yet in my local P2P option, and even if it's available, I will not use it. I'm not a strong supporter of F2F trade.
It is now real on Binance. This is it:
It is the forth one which cash trade crypto in person via cash is.
It is very bad that exchanges will make this happen. There should not be anything like this. I am also advising people not to use it if they want a private and protected life for themselves.
November 15, 2023, 01:26:51 PM
You can now trade bitcoin and other crypto with other local traders on Binance and you will meet at a particular place that both of you talked about.
This is just not different from KYC if you trade with bad person. Avoid such physical trading.
This is just not different from KYC if you trade with bad person. Avoid such physical trading.
I have not seen this option yet in my local P2P option, and even if it's available, I will not use it. I'm not a strong supporter of F2F trade.
Some months ago, there was a thread with a question about whether using F2F or an exchange P2P trade was more preferable. For those who already don't have any accounts with any exchange and have not passed KYC before and are concerned about their data, most of them were advised to use an exchange platform that supports users in negotiating their means of exchange, and F2F was part of the best option recommended.
In a safe society where violence is less, one can consider dealing in such, but in this cruiser society that we are into, I don't see such an option safe at all unless it's with someone you have dealt with before, and if you are the one sending crypto, it will be advisable to choose an open area where the trade can go on successfully, making sure no harm can come to you.
One reason why most people consider it safer is that it's mostly done using cash payments, which can't be traced or tied to any one's identity, but then again, we don't know who is who and the motive of the person who is coming to buy from us.
November 15, 2023, 01:09:32 PM
You can now trade bitcoin and other crypto with other local traders on Binance and you will meet at a particular place that both of you talked about.
This is just not different from KYC if you trade with bad person. Avoid such physical trading.
This is just not different from KYC if you trade with bad person. Avoid such physical trading.
P2P trading platforms allowed traders to meet face to face in the past too for example in Localbitcoins the same kind of method was available but later it was removed for the same obvious reasons.
Binance p2p is filled with scammers and its not good for the platform so how they can able to penetrate even having the KYC requirement s the Irony here anyway avoid trading with randoms because we never know who we are going to meet and if you do then make sure the person can be trusted by doing small multiple trades initially and always set up the meeting in crowded public places.
November 15, 2023, 12:45:53 PM
In person trading is lowest on the least of options for trading Bitcoin. It compromises the safety of your assets and also your personal security and puts you at risk even if it was done through a decentralised platform. There are so many safer options that one can use.
People should treat society to be as insecure as it is and always be on the lookout to protect your privacy and assets.
People should treat society to be as insecure as it is and always be on the lookout to protect your privacy and assets.
November 15, 2023, 12:35:49 PM
You can now trade bitcoin and other crypto with other local traders on Binance and you will meet at a particular place that both of you talked about.
This is just not different from KYC if you trade with bad person. Avoid such physical trading.
This is much more worse than even providing KYC self. I would say this actually defeats one of the main advantages of bitcoin which is privacy and anonymity. This coupled with latest trend of showcasing one’s personal wallet are a threat to one’s security.
Crime always occurs because there is a money motive in it. I think if I had to sell bitcoins to someone offline then I would sell small amounts of bitcoins, because it is too dangerous. For large amounts, maybe online trading is better, and if we use a trusted exchange it is also safe
Even with small amount there is the possibility of your address been monitored, the best is to go full anonymity and avoid KYC exchanges and trade on decentralized ones
November 15, 2023, 11:47:41 AM
Crime always occurs because there is a money motive in it. I think if I had to sell bitcoins to someone offline then I would sell small amounts of bitcoins, because it is too dangerous. For large amounts, maybe online trading is better, and if we use a trusted exchange it is also safe
November 15, 2023, 11:41:58 AM
This has just began on Binance and this is what will be happening on other exchanges.
We can see recently how robbers attacked bitcoin and other crypto users and this is becoming common. These are two recent ones:
Swedish Bitcoiners targeted by armed criminals
Binance Client Executives Kidnapped, Forced to Empty Crypto Wallet
You can now trade bitcoin and other crypto with other local traders on Binance and you will meet at a particular place that both of you talked about.
This is just not different from KYC if you trade with bad person. Avoid such physical trading.
We can see recently how robbers attacked bitcoin and other crypto users and this is becoming common. These are two recent ones:
Swedish Bitcoiners targeted by armed criminals
Binance Client Executives Kidnapped, Forced to Empty Crypto Wallet
You can now trade bitcoin and other crypto with other local traders on Binance and you will meet at a particular place that both of you talked about.
This is just not different from KYC if you trade with bad person. Avoid such physical trading.
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