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Topic: How safe P2P Transaction for crypto transactions - page 2. (Read 276 times)

sr. member
Activity: 756
Merit: 256
HEX: Longer pays better
I saw much news about launching P2P buy/sell platform or many exchanges like Binance, Kucoin, Coinbits, etc. I visited many of them but I am confused about the mix of completely such transactions can an experienced person explain A2Z about the process?
It won't be too difficult and you don't need to verify KYC before trading, the best and most reputable options right now are Huobi OTC and Binance. I have been using these two platforms for a long time and my transaction is completed in just 1 minute. Especially no one knows who I am, I transact on an account that does not do KYC and anonymize everything, so this will also help us avoid a lot of tax collection by tax authorities in future.
legendary
Activity: 2114
Merit: 1149
https://bitcoincleanup.com/
It seems you're not concerned with providing personal information to these centralized exchanges but you can also try P2P platforms that don't require KYC verification like LocalCryptos and HodlHodl - List of bitcoin person-to-person (P2P) bitcoin exchanges (e.g., Bisq, HodlHodl, LocalCoinSwap, etc.)
copper member
Activity: 2114
Merit: 1813
฿itcoin for all, All for ฿itcoin.
P2P trading is pretty straight forward and mostly involves buying and selling of crypto assets in exchange for fiat directly between 2 individual traders with a third party acting as an escrow. In this case binance, Kucoin act as escrows. I am not sure what you don't understand exactly and writing a-z here would take a lot of time.

But there are so many guides that can help you understand if you have time to read
1. https://www.binance.com/en/support/faq/360038038972
2. https://www.binance.com/en/support/articles/360039385091-How-to-Sell-Cryptocurrency-on-Binance-P2P-App--
3. https://www.binance.com/en/support/articles/360039384951-How-to-Buy-Cryptocurrency-on-Binance-P2P-App--
member
Activity: 221
Merit: 10
I saw much news about launching P2P buy/sell platform or many exchanges like Binance, Kucoin, Coinbits, etc. I visited many of them but I am confused about the mix of completely such transactions can an experienced person explain A2Z about the process?
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