I think it doesn't matter if their score is high or low as long as you know if they were shady and not following the rules set in exchange you can then change another trader. Also, there are confirmation that requires both sides to confirm if the trade is successful but if you are worried that you might get scammed, then don't buy/sell in bulk. I don't mind the tx fee as long as you have an assurance that you won't lose everything of your funds in one go. Although, I haven't tried to buy or sell in bulk though perhaps the tx fee will have a slight difference.
FYI, just one trade from the wrong person can result in all of your bank accounts in your country along with all the funds can be frozen so don't take it lightly when it comes to the feedback of p2p trading, and don't forget their recent feedback too cause p2p accounts can be hacked too so just make sure you are not getting into any trouble. 
Topic: do you check feedbacks score of traders? (Read 197 times)
I personally don't pay attention to reviews on p2p exchanges except on some critical cases but I guess I learnt the very hard way as I was scammed of over $150 loan I took from the forum and it really broke me down because I so needed that money for my health issues and right now, I don't dare to trade on p2p exchanges without checking the users reviews and what I do most is use only trusted traders as marked by the exchange.
That's a hard way indeed to learn and know the importance of making sure it will go smoothly or it will go as what you have planned. Having checked the ratings or score of a trader will make your transaction successful which is why checking the feedbacks is what you should do first and it is better to choose the trader that have more ratings and traded many times rather than the new ones even though they have much better offer. In short, as long as you have the assurance that it will be successful then why not go.
The level of security that Binance provides when making p2p transactions is the highest, but for this you should follow the rules perfectly. Nevertheless, I choose a trader to make a deal who has a high percentage of positive reviews. At the same time, it should be understood that not all traders leave positive feedback after a successfully completed transaction.
It all depends on whichever centralized platform you're using; onlike remittano, binance etc, they have their gradings/ratings which isn't sometimes determined by your feedback or trust score, but by every successful Trnx...
WHY?? Sometimes, most transactions aren't usually rated by the clients, isn't it?? ....and without 'em ratings, you can't be scored.. but the exchange itself would create an opportunity to rate every trnxs.
So it's very mandatory that if anyone must trade on decentralized platforms,.they must create selling or buying ADs for or from verified and reviewed accounts.
Sandra 🧑🦰
WHY?? Sometimes, most transactions aren't usually rated by the clients, isn't it?? ....and without 'em ratings, you can't be scored.. but the exchange itself would create an opportunity to rate every trnxs.
So it's very mandatory that if anyone must trade on decentralized platforms,.they must create selling or buying ADs for or from verified and reviewed accounts.
Sandra 🧑🦰
I don't know why some people trade P2P. especially when they use a platform like Binance. there available for spot trading. it's quite easy to convert the crypto we have to make withdrawals.
Personally, if you do a trade like that, of course, choose with the best reputation and reviews. especially those who already have many successful transactions.
I do not use P2P on any platform for crypto transactions. but I've done it personally for payment of goods with people I know.
People used to trade on p2p to get fiat for their local currency. I don't think you don't have any other good options to sell bitcoin/crypto without p2p trading, I know and I have used other options in Binance but whether the exchange rate is not good or there are additional fees to pay for that transaction.Personally, if you do a trade like that, of course, choose with the best reputation and reviews. especially those who already have many successful transactions.
I do not use P2P on any platform for crypto transactions. but I've done it personally for payment of goods with people I know.
You should always deal with traders who have high trust ratings even if they don't offer the best rates.
Although binance, as many other well known p2p platforms, acts as an escrow between you and your countreparty there is still a possibility that you do something wrong which may lead to you losing your money. example: sending more money than what you are supposed to, sending payment after the order has already been expired..
Although binance, as many other well known p2p platforms, acts as an escrow between you and your countreparty there is still a possibility that you do something wrong which may lead to you losing your money. example: sending more money than what you are supposed to, sending payment after the order has already been expired..
I personally don't pay attention to reviews on p2p exchanges except on some critical cases but I guess I learnt the very hard way as I was scammed of over $150 loan I took from the forum and it really broke me down because I so needed that money for my health issues and right now, I don't dare to trade on p2p exchanges without checking the users reviews and what I do most is use only trusted traders as marked by the exchange.
That's a hard way indeed to learn and know the importance of making sure it will go smoothly or it will go as what you have planned. Having checked the ratings or score of a trader will make your transaction successful which is why checking the feedbacks is what you should do first and it is better to choose the trader that have more ratings and traded many times rather than the new ones even though they have much better offer. In short, as long as you have the assurance that it will be successful then why not go.
I think it doesn't matter if their score is high or low as long as you know if they were shady and not following the rules set in exchange you can then change another trader. Also, there are confirmation that requires both sides to confirm if the trade is successful but if you are worried that you might get scammed, then don't buy/sell in bulk. I don't mind the tx fee as long as you have an assurance that you won't lose everything of your funds in one go. Although, I haven't tried to buy or sell in bulk though perhaps the tx fee will have a slight difference.
I don't know why some people trade P2P. especially when they use a platform like Binance. there available for spot trading. it's quite easy to convert the crypto we have to make withdrawals.
Personally, if you do a trade like that, of course, choose with the best reputation and reviews. especially those who already have many successful transactions.
I do not use P2P on any platform for crypto transactions. but I've done it personally for payment of goods with people I know.
Personally, if you do a trade like that, of course, choose with the best reputation and reviews. especially those who already have many successful transactions.
I do not use P2P on any platform for crypto transactions. but I've done it personally for payment of goods with people I know.
Traders that transact using P2P on The Exchanges are mostly from countries where adoption of bitcoin and cryptocurrency at large aren’t rampant. physical P2P might seems risk less but that a locality where you had hear of any trader then one just has to trust the exchange P2P to convert coins to local fiat.
I normally use Binance and KuCoin and I consider rating and the number of transactions that such trader has done in the past. Then as human greediness will have it I also look the amount of each trader. But the later has thought me bad lesson because I once transacted with a trader on KuCoin with a rating below 50% and it took almost an hour, and I was seriously in need of the fiat and I couldn’t terminate the initiated transaction and just had to wait. So rating definitely matters a lot
I don't have any experience with score trader in P2P exchange Binance because every time after trading there have my local country pair and available trade for withdrawing to local exchange market. I think before trading in P2P in Binance exchange you can check with review and how trusted this seller because several time have cases with longer time appeal for transaction after buyer success made payment.
I think if you have local pair in Binance, trade or convert it and withdraw to local exchange market, some time found with bad service seller will delay for your transaction and you need to complaint it on Binance costumer service.
I think if you have local pair in Binance, trade or convert it and withdraw to local exchange market, some time found with bad service seller will delay for your transaction and you need to complaint it on Binance costumer service.
I know there are some reliable p2p exchanges where cryptocurrency currency can be traded, I know binance which is kind of reliable in trading cryptocurrency. In this exchanges their are traders that are not very reliable, if you go through the rating of some traders in exchanges you will see feedbacks or scores by some other traders to rate how the trade went.
When you sell your cryptocurrency in exchange do you care to check the review of the trader or you are only interested in selecting lower rate of buying and higher rate of selling. What makes you want to sell your coin to a particular trader in crypto exchange, do you care about review of traders or you go for the best rate to buy and sell?
When you sell your cryptocurrency in exchange do you care to check the review of the trader or you are only interested in selecting lower rate of buying and higher rate of selling. What makes you want to sell your coin to a particular trader in crypto exchange, do you care about review of traders or you go for the best rate to buy and sell?
I personally don't pay attention to reviews on p2p exchanges except on some critical cases but I guess I learnt the very hard way as I was scammed of over $150 loan I took from the forum and it really broke me down because I so needed that money for my health issues and right now, I don't dare to trade on p2p exchanges without checking the users reviews and what I do most is use only trusted traders as marked by the exchange.
I don't know why some people trade P2P. especially when they use a platform like Binance. there available for spot trading. it's quite easy to convert the crypto we have to make withdrawals.
Personally, if you do a trade like that, of course, choose with the best reputation and reviews. especially those who already have many successful transactions.
I do not use P2P on any platform for crypto transactions. but I've done it personally for payment of goods with people I know.
Personally, if you do a trade like that, of course, choose with the best reputation and reviews. especially those who already have many successful transactions.
I do not use P2P on any platform for crypto transactions. but I've done it personally for payment of goods with people I know.
Yes. I look at feedback and rating, any trader with a negative trust,I don't trade with that person because trust matters a lot in whatever we are doing. Money is something very important, so when dealing with it,you make sure everything goes smoothly.
I have this trader, that I do trade with anytime I want to trade,I find out that I do have peace of mind when we are in business but whenever I don't have access to him,I feel restless trading with someone else. The feedback on those merchant are important to me anytime I want to make a trade, since I need a safe transaction.
I have this trader, that I do trade with anytime I want to trade,I find out that I do have peace of mind when we are in business but whenever I don't have access to him,I feel restless trading with someone else. The feedback on those merchant are important to me anytime I want to make a trade, since I need a safe transaction.
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But we also need to understand that even if how good their feedbacks is and how detailed they are when teaching if we are not paying attention because we always look only on the price not how they do it for sure we will messed up in terms of buying or on selling.
It's disruptive if you only look at the price and don't look at how much feedback there is and there will be restrictions that have to be met such as restrictions on making withdrawals or minimum withdrawals above $1k or so. But we also need to understand that even if how good their feedbacks is and how detailed they are when teaching if we are not paying attention because we always look only on the price not how they do it for sure we will messed up in terms of buying or on selling.
I often find new P2P merchants who want to be on top by charging a lower purchase price and a higher selling price for customers.
So don't be fooled by price games.
Look at the order limit displayed, you must make a minimum purchase or sale transaction with that minimum order if you want to be accepted.
If you only want to buy or sell for $50, then you should look below that price.
Currently, I rarely use binance p2p if it is not an emergency.
I prefer to trade on trusted accounts on forums or with of my friends who can do P2P quickly and reliably.
because on Binance you can't lose money in p2p, unless you mess things up yourself, like releasing fund before Fiat get into your bank account.
Even though you've follow the right procedure, it still has a chance the centralized company e.g. bank, e-wallet, payment provider etc can reverse the seller's fiat money to his bank account. You might able to solve that case, but it's take time, energy etc since you need to contact Binance and tell what's happened before. Moreover there's a chance you might got a dirty coins, it will harm your privacy.Checking the feedback is important, but it's better to trade in this forum with a trusted account or through Bisq.
When you sell your cryptocurrency in exchange do you care to check the review of the trader or you are only interested in selecting lower rate of buying and higher rate of selling. What makes you want to sell your coin to a particular trader in crypto exchange, do you care about review of traders or you go for the best rate to buy and sell?
Ofcourse price rate is crucial and also the rating is the most important one since you gonna use that as basis if the person is trusted enough to deal with your crypto or transactions. If you gonna do a big sell off then pick those high rating and good feedback cause that means they are really giving whats right during their pricing. They dont wanna messed up their record to continue a great reputation on buying and selling.Dealing with with their trades is a good basis for us to learn certain things what they do since we can observe how they trade especially when they publicly show their results and other necessary stats. But we also need to understand that even if how good their feedbacks is and how detailed they are when teaching if we are not paying attention because we always look only on the price not how they do it for sure we will messed up in terms of buying or on selling.
When you sell your cryptocurrency in exchange do you care to check the review of the trader or you are only interested in selecting lower rate of buying and higher rate of selling. What makes you want to sell your coin to a particular trader in crypto exchange, do you care about review of traders or you go for the best rate to buy and sell?
Ofcourse price rate is crucial and also the rating is the most important one since you gonna use that as basis if the person is trusted enough to deal with your crypto or transactions. If you gonna do a big sell off then pick those high rating and good feedback cause that means they are really giving whats right during their pricing. They dont wanna messed up their record to continue a great reputation on buying and selling.Traders who are trusted enough will be the choice as well as looking at the price level and ratings recommended by others. Especially if making a big sale as you mentioned, then feedback and ratings will be the main criteria. as well as how fast they can process it. there are many merchants who have good feedback, but some processing is too slow. and for big sales make sure everything is safe.
Don't choose p2p traders with low ratings and also have negative feedback, and there are also some p2p traders who play prices without being able to process transactions that will be made. Can set a filter to get the right merchant.
When you sell your cryptocurrency in exchange do you care to check the review of the trader or you are only interested in selecting lower rate of buying and higher rate of selling. What makes you want to sell your coin to a particular trader in crypto exchange, do you care about review of traders or you go for the best rate to buy and sell?
Ofcourse price rate is crucial and also the rating is the most important one since you gonna use that as basis if the person is trusted enough to deal with your crypto or transactions. If you gonna do a big sell off then pick those high rating and good feedback cause that means they are really giving whats right during their pricing. They dont wanna messed up their record to continue a great reputation on buying and selling.
Binance exchange got you covered, imagine if binance isn't the middle man, even a well rated trader can just decide to ruin you up one day, it will be like a country without the law, forget the rating side and focus more on how Binance handle it's p2p, I use binance a lot and I don't bother checking how many trades a trader has successfully complete, it doesn't matter, because on Binance you can't lose money in p2p, unless you mess things up yourself, like releasing fund before Fiat get into your bank account.
For me, the only time I bother to check the feedback of a trader is when I want to sell something of high value, when I just want to sell a little out of my holdings I don't even bother to check I just go on with the one with the best price and I initiate a trade with them. And so far I haven't encounter any issues, it might just be that I'm lucky or something like that...
But when the value of what I want to sell is quite significant I do go through most of the negative feedback to see the cause of it and when I'm not comfortable with that certain trader I don't initiate anything with them I just move to the next one till I see a decent one.
But when the value of what I want to sell is quite significant I do go through most of the negative feedback to see the cause of it and when I'm not comfortable with that certain trader I don't initiate anything with them I just move to the next one till I see a decent one.
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