P2P Crypto Trading - Which Platform Do You Use & Why?

Findingnemo

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Quote from: royalfestus on November 22, 2022, 06:46:29 AM

Can you tell me about the best P2P platforms currently available in Canada, the United States, and the United Kingdom?
considering
- Security
-Speed
-Privacy
-Number of currency
-Acceptability

Localbitcoin have sellers for USD but their prices are premium than the market price and you can't see the bank payment mode so the only possible way is to use digital payment wallets which is less secure and prone to chargebacks. Binance.US has p2p with zero trading fee so its the best option for US customers at the moment but they have to compromise their privacy.

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legendary

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Quote from: Asiska02 on November 23, 2022, 11:38:05 AM

Aside from Binance, I haven't used any other peer-to-peer cryptocurrency exchange. The service is extremely fast, and I have never experienced a problem or a loss of funds. Binance already has a very excellent reputation in the cryptocurrency exchange business, and they are working hard to maintain this reputation among other cryptocurrency exchanges. Also, if you follow their disclaimer regulations on p2p transactions, you won't have any problems or issues with the person you're selling your coins to, so be cautious and diligent when using such services anywhere.

Binance only facilitates users to trade their assets on a P2P basis, but any secure transactions are your own responsibility because knowing the reputation of the trader and the way to make secure transactions is entirely your responsibility. You are safe if you understand how it works and know how to minimize any loss or loss, so it is good to remain vigilant by only doing things as recommended and not doing what could actually put you at risk of losing.

Asiska02

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Aside from Binance, I haven't used any other peer-to-peer cryptocurrency exchange. The service is extremely fast, and I have never experienced a problem or a loss of funds. Binance already has a very excellent reputation in the cryptocurrency exchange business, and they are working hard to maintain this reputation among other cryptocurrency exchanges. Also, if you follow their disclaimer regulations on p2p transactions, you won't have any problems or issues with the person you're selling your coins to, so be cautious and diligent when using such services anywhere.

NedvedCrypto

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Quote from: tbct_mt2 on August 27, 2021, 09:53:18 PM

Peer to peer trade is risky and something you have to note for your trades.

- Scammers tend to create offers that are too good to be true. Who don't want to have as much profit as possible? But please remember that "too good to be true" offers are likely from scammers and very new accounts.
- You must be double or tripple careful when you consider a trade with new account
- Don't release your crypto before you receive payment transaction from your trade partner. Crypto transaction is irreversible, so if you release your coin, you lose it
- To avoid scammers who do money laundering, avoid trade partners who only or mostly have trades in bank transfers, credit cards. Only buy, not sell or mostly buy and very little sell.

That is absolutely true. You need to be very careful if you are any p2p trading platforms, because there are many scammers there. Always check the rating of the trader and do not choose those one who has negative comments/rating. It makes to use the bigger platforms like Paxful, LocalBitcoins or Binance P2P.

royalfestus

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Quote from: gunhell16 on November 22, 2022, 08:20:45 AM

In the few months I've been using p2p exchange platforms Binance and Houbi, so far I don't see any problem using it, but many others can also be used, I haven't even tried it yet.

But for now, these two are enough for me because the transaction I do is fast when it comes to withdrawal activity. And I can say that it has been tested and can say if Binance and Houbi are also recommendable.

Can these two platforms be used in Canada, the USA, and the UK? Binance US is known to me, but I can't tell if it's a good P2P platform.

gunhell16

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In the few months I've been using p2p exchange platforms Binance and Houbi, so far I don't see any problem using it, but many others can also be used, I haven't even tried it yet.

But for now, these two are enough for me because the transaction I do is fast when it comes to withdrawal activity. And I can say that it has been tested and can say if Binance and Houbi are also recommendable.

royalfestus

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Can you tell me about the best P2P platforms currently available in Canada, the United States, and the United Kingdom?
considering
- Security
-Speed
-Privacy
-Number of currency
-Acceptability

doremonchina

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I m using this p2p plate form in binance since 2 years this plate form is very easy to use and the main thing is that you sell and buy currency is very securely and lots of agents available in different rate and limits.
I also like this p2p plate form and recommended to you to use and keep secure from any kind of scam

jaberwock

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Quote from: Blockrocks on August 25, 2021, 07:43:26 AM

Which P2P crypto trading platform do you use and why? I'd love to know about the ones you have used and your experiences with them.

Also, I'd like to know why you choose to use P2P rather than exchanges etc.

I have not really used a lot of P2P cryptocurrency trading exchanges. So far I’ve only been able to make use of two of the P2P crypto exchange and they are Binance.com P2P exchange and paxful.com. I think this exchanges has a few advantages over centralized exchanges. some of the advantages you are going to get in making use of decentralized/P2P exchanges is that you have to pay less fees when you are trading your coins, next is that there are lots of payment methods available on these exchanges. Apart from these I don’t think there are much difference between them and centralized exchanges.

Tony116

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Binance p2p is my choice, although it is centralized but I feel safe trading here. I can change to local currency almost instantly with almost no problem. But I advise you, trade many times with a small amount do not trade 1 time with a large amount to avoid unforeseen risks.

justdimin

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Quote from: Blockrocks on August 25, 2021, 07:43:26 AM

Which P2P crypto trading platform do you use and why? I'd love to know about the ones you have used and your experiences with them.

Also, I'd like to know why you choose to use P2P rather than exchanges etc.

I personally do not use any P2P platform myself anymore but I am in a telegram chat that does exactly that. People write what they want, it could be any coin and it could even be any fiat if you want to, usually our national fiat honestly because it is a local thing. So, people write like "I want 5 bnb for 5000 fiat in x town" and others reply to that person if they agree or if not then it is just ignored. They even started a reddit subreddit as well to write there as well sometimes, specially announcements.

It has worked great so far, they even have "level" type of stuff where if you are a person who has done many trades p2p in that chat and you are a person who is known good enough, then you get higher level and you can trade a lot easier and tell people you are trustworthy. We have crypto exchanges so it is not really that common, but that chat is definitely used a lot.

michellee

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Quote from: Blockrocks on August 25, 2021, 07:43:26 AM

Which P2P crypto trading platform do you use and why? I'd love to know about the ones you have used and your experiences with them.

Also, I'd like to know why you choose to use P2P rather than exchanges etc.

Thanks in advance everyone. Grin

Now, I use Binance P2P to sell my coin to my fiat currency and I also use Binance to trade occasionally. I do not use the other exchanges to trade normally or P2P crypto trading because I feel comfortable using Binance and I do not have a problem until now. About the rate, I do not think much about that because I am sure that every exchange will have a gap in the rate and I think every exchange will have advantages and disadvantages for that.

doomloop

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Quote from: Blockrocks on August 25, 2021, 07:43:26 AM

Which P2P crypto trading platform do you use and why? I'd love to know about the ones you have used and your experiences with them.

Also, I'd like to know why you choose to use P2P rather than exchanges etc.

P2P exchanges are not really my thing, at first I was making use of centralized exchanges. But then later cryptocurrency trading was banned by the central bank in my country, that’s when I had to switch to P2P trading. I know a lot of P2P exchanges, and so far I have only used two and have no plans making use of any other now because the ones I am using a working well for me.

I make use of Binance P2P and I also make use of Paxful exchange. Among the two Paxful seems to be easier for me to understand, that being that they focus only on P2P, while Binance has a lot of features and not straight to the point and that makes it a little bit hard to understand.

adeyemirichard71

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I used Binance P2P it so fast and we'll organise and smoothly in my local exchange.
ALL you just need is that make sure your account is verify and start trading P2P easy to use and exchange to your local.

RokokGudangGaram

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I use LocalBitcoins and Paxful for most of my p2p trades both of them have great security and reputation the cons of this is that there's only a limit with transaction for not verified users so in other words you need to pass kyc documents in order to trade bigger amount of money.

I use p2p trade sometimes for a much easier way to withdraw my money, for example direct from the bank or similar to that.

TimeTeller

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Quote from: chaser15 on September 06, 2021, 07:29:27 PM

Using Binance P2P for a year now.

I wonder why there's a scam here where you can check details first before the approval. Binance P2P is safe and their automatic escrow is good. The rates was also good compare straight dealing with an exchange.

Binance P2P also supports lots of fiat currencies. This exchange really giving us all the advantages.

Been using also the Binance P2P for quite a while now and really no problem or issue at all.
You are correct, if you will compare the rates with your local exchange in terms of converting your crypto to your local fiat, they are a lil bit better.
Before, I was hesitant to use it but found out, it is very easy to use this service.
They are indeed innovating their services to cater the needs of crypto users.

chaser15

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Using Binance P2P for a year now.

I wonder why there's a scam here where you can check details first before the approval. Binance P2P is safe and their automatic escrow is good. The rates was also good compare straight dealing with an exchange.

Binance P2P also supports lots of fiat currencies. This exchange really giving us all the advantages.

shohag999

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I like binance p2p platform,because their good interface and security.I already trade with local currency.Everything is good in their platform.

coupable

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Quote from: sarmrakib on September 06, 2021, 10:53:17 AM

Quote from: Blockrocks on August 25, 2021, 07:43:26 AM

Which P2P crypto trading platform do you use and why? I'd love to know about the ones you have used and your experiences with them.

Also, I'd like to know why you choose to use P2P rather than exchanges etc.

Thanks in advance everyone. Grin

I think most of the reply will be Binance P2P .I think it is the best Platform trade on P2P .I am using its for long time without having a single issue .I use it cause it is so easy to use and i can find the lots of payment method to exchange my crypto in my local currency .I think it is the best exchange for P2P for it security and smooth transaction .So i always suggest to you all to try it for once and get how easy it is .

Most of the replies are binance P2P as it has an expanding growth which reach almost all the world, so easy to find a local seller using binance P2P too. If at anytime i have to to find with whom to trade locally, i would definetly pick one from binance P2P .
Actually, i don't use any P2P platform but i can confirm that localbitcoins.com and localcryptos are safe space for P2P trades. Paxful is a good choice as well. Except for localcryptos, other P2P platforms require an ID verification by KYC .

sarmrakib

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Quote from: Blockrocks on August 25, 2021, 07:43:26 AM

Which P2P crypto trading platform do you use and why? I'd love to know about the ones you have used and your experiences with them.

Also, I'd like to know why you choose to use P2P rather than exchanges etc.

Thanks in advance everyone. Grin

I think most of the reply will be Binance P2P .I think it is the best Platform trade on P2P .I am using its for long time without having a single issue .I use it cause it is so easy to use and i can find the lots of payment method to exchange my crypto in my local currency .I think it is the best exchange for P2P for it security and smooth transaction .So i always suggest to you all to try it for once and get how easy it is .

irsykes

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Quote from: Blockrocks on August 25, 2021, 07:43:26 AM

Which P2P crypto trading platform do you use and why? I'd love to know about the ones you have used and your experiences with them.

Also, I'd like to know why you choose to use P2P rather than exchanges etc.

Thanks in advance everyone. Grin

I use P2P but in Binance, i think it still considered still use exchange right. Because for me Binance is already safe to do P2P, they can help us when something wrong happen like when our pair is trying to cheat us, they can immediately block their account and can give us the data of that guy who cheat on us. Because i already experience it and their customer service really help users.

cheezcarls

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Quote from: Blockrocks on August 25, 2021, 07:43:26 AM

Which P2P crypto trading platform do you use and why? I'd love to know about the ones you have used and your experiences with them.

Also, I'd like to know why you choose to use P2P rather than exchanges etc.

Thanks in advance everyone. Grin

I've only used Binance P2P to be safe. They have a unique state of the art system that would prevent sellers from scamming buyers like me. I've been using Binance P2P since last month and so far it works really well, especially if we have multiple payment options like bank, mobile wallet, etc.

Blockrocks

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Quote from: Stunzz on September 03, 2021, 06:25:59 AM

I use Binance because it's more recognized and reliable.

Quote

Also, I'd like to know why you choose to use P2P rather than exchanges etc.

My country government directed all the banks to stop processing any transactions related to crypto, so P2P seem to be the only way out for me ever since. Though there might be other alternatives, P2P is the only one I know and fend to.

Binance is still pretty tough on KYC, right? P2P is a great alternative if your country is stopping bank payments. Try https://Cryptolocally.com has fewer KYC requirements and IMO is safer than all other P2P as it's decentralised so you don't transfer your fund to the platform first! I have had a few people I know get account frozen due to these big exchanges and centralised p2p companies putting in place countries restrictions.

ipanks

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Quote from: conected on September 02, 2021, 10:51:50 AM

Quote from: ipanks on September 01, 2021, 09:18:16 AM

I use Binance P2P as I met many local sellers who always help me withdraw anytime I want. Besides Binance, I use local sellers in the other place.

The only reason why I use P2P rather than exchanges is that the P2P services are faster than the exchanges. The exchanges can wait for one day to complete the transactions but the P2P can complete in just less than 15 minutes.

- Binance is a good platform for P2P trading, we can meet local merchants and the exchange will be smoother with people with similar languages but lately a few complaints have surfaced, binance may be less in control of p2p transactions but as this is their playground, I think they should take a little responsibility. The exchange rate should be fixed and cannot be changed once the transaction has been made, quite a lot of sellers are intentionally changing these rates to cheat and scam

So far, I do not have a problem using Binance P2P trading because I have my favorite local sellers who always help me in the transaction. Maybe you should have a list of your favorite local sellers so you will not get into any trouble because I think Binance already manage and did a good thing to buyers and sellers.

I do not like sellers who are intentionally changing the rates after the transaction is started. If you found those sellers, you can report them to Binance so they get blocked and those sellers can not use P2P trading anymore.

frank07a

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Quote from: aria.newman on September 01, 2021, 07:22:13 AM

As far as I remember, almost all cryptocurrency exchanges support P2P function. I believe that you need to choose a cryptocurrency exchange with a good rating and reviews and use this function there. Here's the site I use to check ratings and reviews.

You're wrong, not all exchanges support this feature. In some cases, it is better to use a separate service P2P that is not tied to the cryptocurrency exchange.

Stunzz

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I use Binance because it's more recognized and reliable.

Quote

Also, I'd like to know why you choose to use P2P rather than exchanges etc.

My country government directed all the banks to stop processing any transactions related to crypto, so P2P seem to be the only way out for me ever since. Though there might be other alternatives, but P2P is the only one I know and fend to.

Wind_FURY

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Quote from: ?? on ??

For me, it's Binance, pretty easy to use and most of the mode of payments are available in my country so I guess that wrap things for me. Plus, it's the one that's used by many people in the crypto Facebook group that I'm in.

I believe that’s one of the best places to start, and form good/trusting relationships with other fellow Bitcoin users for direct P2P trades without the need for centralized third party. Is the group invite only? Cool

nelson4lov

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Quote from: mk4 on August 25, 2021, 11:25:15 AM

If we're talking about actual trading(short term) and not investing, then you're going to have a bad time with P2P platforms due to the bad liquidity. But with mid to long term bets, the typical DEXs such as Uniswap and SushiSwap. I've heard good things about dYdX(perpetuals and margin), but I've personally haven't tried it yet.

As someone who regards P2P trades as trades that occur between people within the same locality/country (at least that's what majority of the people in my country thinks p2p is). I would say, "typical DEXs" doesn't make it any easier instead, it makes it even more complicated as -

1. They may not have liquidity for the pairs (local pairs).
2. No way to make trades directly with another trader.

It would be much better to utilize the service of p2p services like Binance P2P or the good old "Localbitcoins". Seem more feasible to me until DEXs start tailoring their projects for such use cases.

AakZaki

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Youtube Channel = Aak Zaki

The first P2P trading I used until now was Binance P2P and I have never used any other trade besides binance.
Binance has many trusted official merchants and currently more and more transactions are being made on Binance P2P. Transaction security is also guaranteed and without additional fees.
I have also been an official Merchant since Binance P2P was launched and I am very satisfied with Binance P2P. to be one of the best in my opinion.

conected

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Quote from: ipanks on September 01, 2021, 09:18:16 AM

I use Binance P2P as I met many local sellers who always help me withdraw anytime I want. Besides Binance, I use local sellers in the other place.

The only reason why I use P2P rather than exchanges is that the P2P services are faster than the exchanges. The exchanges can wait for one day to complete the transactions but the P2P can complete in just less than 15 minutes.

- Binance is a good platform for P2P trading, we can meet local merchants and the exchange will be smoother with people with similar languages but lately a few complaints have surfaced, binance may be less in control of p2p transactions but as this is their playground, I think they should take a little responsibility. The exchange rate should be fixed and cannot be changed once the transaction has been made, quite a lot of sellers are intentionally changing these rates to cheat and scam

Sebato

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Quote from: Blockrocks on August 25, 2021, 07:43:26 AM

Which P2P crypto trading platform do you use and why? I'd love to know about the ones you have used and your experiences with them.

Also, I'd like to know why you choose to use P2P rather than exchanges etc.

Thanks in advance everyone. Grin

A similar question can be found very often. I perfectly understand your desire to learn as much as possible about the exchanges that you will be using. This is the correct strategy. Having learned the features of as many crypto platforms as possible, this will simplify your choice. Take a look at this article CryptoTotem, which appeared almost recently. Some innovations of one of the websites are announced here, where you can find a lot of information about the P2P trading platforms. This is where people share their experience of using P2P crypto trading platforms.

ipanks

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Quote from: tippytoes on September 01, 2021, 09:59:12 AM

Quote from: ipanks on September 01, 2021, 09:18:16 AM

I use Binance P2P as I met many local sellers who always help me withdraw anytime I want. Besides Binance, I use local sellers in the other place.

The only reason why I use P2P rather than exchanges is that the P2P services are faster than the exchanges. The exchanges can wait for one day to complete the transactions but the P2P can complete in just less than 15 minutes.

This is actually one of the major edges of p2p, very fast. And if you compare it to your local exchange, some methods will really need time before it will be credited to your account. I also use binance p2p because you have no problem converting your coin to any popular alt because they have very good liquidity so you can also get better rates. I believe a lot are now utilizing this service of binance. And if they will keep on adding other fiat currencies, this will really serve a lot of crypto users around the globe.

Besides that, when they use Binance p2p, they can also try to sell their altcoin directly there. I do not know why the local exchange seems to take too long to finish the withdrawal process to the local banks, so I think that is why many people use P2P or third-party services to help them get the money faster. If the local exchanges can do better than the other third party, their members will not move to the other services because the local exchange can be a one-stop place for crypto transactions.

Wind_FURY

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I remembered! I found a blog with a list of P2P/no-KYC exchanges two years ago, https://bitcointalksearch.org/topic/list-of-p2pno-kyc-exchanges-5180421

I haven’t updated it though. Please post an update if anyone of you used any of those exchanges, and also post your experience, review, or testimonial! Cool

Mkmanik

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nowadays most of the time using the Binance P2P marketplace for regular use. Binance has a very nice interface, a strong support system, and is easy to use also. Both website and android versions are good for newbies also. Binance is recommended for all

Also created an account at Kucoin but there the order book is very little. So not using Kucoin right now. I also using Localbitcoins and paxful. But in this forum, a lot of scam accusations are available about Paxful. So why withdrawn all of my assets from there.
Binance P2P market is best now.

thayes09

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I often use p2p binance to cash USDT or take profit for cash instead of OTC simply because on Binance P2P everything is safer and more convenient, and the exchange also has mechanisms to protect users safely.

Potato Chips

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Quote from: Maus0728 on August 28, 2021, 02:28:07 AM

Binance P2P services is good, but not until when there are some P2P buyers and seller who requires additional Know Your Customer (KYC) process before you get to execute the trade. I just don't know if other countries do this as well.

Some even ask for an ID which is a next level of risk. I remember reading a reddit thread about a sus trader cancelling the trade right after OP has sent their ID to them (happened on LBC) so it's a good call to skip sellers who has these additional KYCs. We don't know how the data is kept or if they actually have the right to collect 'em.

Quote from: Blockrocks on September 01, 2021, 05:44:58 AM

Try https://cryptolocally.com

hmmm... claims to be fully decentralized exchange but relies on centralized service in order run and has the power to restrict some countries? 🥴 not a good sign.

gabbie2010

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Quote from: ipanks on September 01, 2021, 09:18:16 AM

I use Binance P2P as I met many local sellers who always help me withdraw anytime I want. Besides Binance, I use local sellers in the other place.

The only reason why I use P2P rather than exchanges is that the P2P services are faster than the exchanges. The exchanges can wait for one day to complete the transactions but the P2P can complete in just less than 15 minutes.

My choice of P2P platform is also Binance Express, transaction had been swiftly without any delay, in addition the buyer of my coin must send a calculated equivalent amount of my local currency set by Binance on the platform and I must receive bank alert first or better still check my bank app to confirm that the buyer had sent the money before I released the coins, I had been using the platform for quite some time now, I had never had any issue with the buyers, the service was topnotch, of course Binance must have access and scrutinize them to fish out scammers among them. there is an option of appeal if there is any issue between the two parties.

crwth

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Try Gunbot for a month go to -> https://gunbot.ph

I'm always using the Binance P2P because it's a safe approach towards converting your assets towards what you want, whether you are buying crypto with fiat or vice-versa. I'm using it mainly because it's one of the most convenient ways to do actual trading. I mean, in Binance, you could easily buy a variety of coins available in the exchange and probably HODL it there. Making sure that you can afford to lose it since you know that anything can happen, whether it's getting hacked or something.

Most people would probably stay away from it since it involves KYC, but if you think it outweighs the trouble, why not?

tippytoes

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Quote from: ipanks on September 01, 2021, 09:18:16 AM

I use Binance P2P as I met many local sellers who always help me withdraw anytime I want. Besides Binance, I use local sellers in the other place.

The only reason why I use P2P rather than exchanges is that the P2P services are faster than the exchanges. The exchanges can wait for one day to complete the transactions but the P2P can complete in just less than 15 minutes.

This is actually one of the major edges of p2p, very fast. And if you compare it to your local exchange, some methods will really need time before it will be credited to your account. I also use binance p2p because you have no problem converting your coin to any popular alt because they have very good liquidity so you can also get better rates. I believe a lot are now utilizing this service of binance. And if they will keep on adding other fiat currencies, this will really serve a lot of crypto users around the globe.

ipanks

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I use Binance P2P as I met many local sellers who always help me withdraw anytime I want. Besides Binance, I use local sellers in the other place.

The only reason why I use P2P rather than exchanges is that the P2P services are faster than the exchanges. The exchanges can wait for one day to complete the transactions but the P2P can complete in just less than 15 minutes.

aria.newman

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As far as I remember, almost all cryptocurrency exchanges support P2P function. I believe that you need to choose a cryptocurrency exchange with a good rating and reviews and use this function there. Here's the site I use to check ratings and reviews.

Blockrocks

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Quote from: semobo on August 28, 2021, 09:14:44 AM

Quote from: Blockrocks on August 25, 2021, 07:43:26 AM

Which P2P crypto trading platform do you use and why? I'd love to know about the ones you have used and your experiences with them.

Also, I'd like to know why you choose to use P2P rather than exchanges etc.

Thanks in advance everyone. Grin

LBC and Paxful are the mostly used p2p but now Binance p2p and other exchanges also p2p trading but they are not really p2p because the funds will be credited to yoir exchange then only you can move it to wallets. But all those p2p are having mandatory KYC requirements.

Localcryptos, Bisq and HodlHold are some of the real p2p exchanges but with less volume and offers.

https://cryptplocally.com has light kyc only a mobile number and email to get started.

Blockrocks

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Quote from: Maus0728 on August 28, 2021, 02:28:07 AM

Binance P2P services is good, but not until when there are some P2P buyers and seller who requires additional Know Your Customer (KYC) process before you get to execute the trade. I just don't know if other countries do this as well.

https://i.imgur.com/vxhA8YNm.png

Try https://cryptolocally.com less KYC is needed.

Wind_FURY

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Quote from: Twinkledoe on August 25, 2021, 07:49:20 AM

Haven't used other independent p2p platforms but I am a regular user of the binance p2p services. I trusted this platform more than any other service provider because of their established reputation in this industry. However, as far as I know, a lot are using the localbitcoins - https://localbitcoins.com/.

I would also like to recommend that everyone should form good relationships with Local Bitcoin traders, or traders in any other P2P platforms so you can trade with them without using the site. This would make you more independent, or in case if you want to avoid any KYC/AML requirements.

avikz

legendary

Activity: 3024

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Quote from: Blockrocks on August 25, 2021, 07:43:26 AM

Which P2P crypto trading platform do you use and why? I'd love to know about the ones you have used and your experiences with them.

Also, I'd like to know why you choose to use P2P rather than exchanges etc.

Thanks in advance everyone. Grin

I solely use localbitcoins. I have used local ethereum as well for once and twice to sell off aome of my ETH holdings, but localbitcoins is my regular platform. But this is only used when I need fiat money. Exchanges are made for trading and not p2p trade so these two platforms are different and serves different purpose.

My experience with localbitcoins is very good so far. I didn't have to face any issue till date. Probably another reason for this is that, I don't trade with random people. I have a fixed group of traders who are reputable and I always check feedbacks from their most recent trades. I don't deal with anyone less than 1000 trades.

Localbitcoins is a market leader in p2p trade and their escrow and reputation system is robust. That's why they remained as my favorite platform.

Byaako

newbie

Activity: 5

Merit: 0

In reality, you can get caught by scammers, so it does not follow clear rules for buying and selling.

Blockrocks

newbie

Activity: 15

Merit: 0

Quote from: tbct_mt2 on August 27, 2021, 09:53:18 PM

Peer to peer trade is risky and something you have to note for your trades.

- Scammers tend to create offers that are too good to be true. Who don't want to have as much profit as possible? But please remember that "too good to be true" offers are likely from scammers and very new accounts.
- You must be double or tripple careful when you consider a trade with new account
- Don't release your crypto before you receive payment transaction from your trade partner. Crypto transaction is irreversible, so if you release your coin, you lose it
- To avoid scammers who do money laundering, avoid trade partners who only or mostly have trades in bank transfers, credit cards. Only buy, not sell or mostly buy and very little sell.

This is true. You have got to be careful and the advice is to never release the escrow until you have received the payment in full. That's why I like using Cryptolocally for p2p. the escrow part is a smart contract and automatically recognises when it's been transferred. Then you pay and boom, they release the escrow. any disputes are handled well by the team from what I have seen in Telegram.

Blockrocks

newbie

Activity: 15

Merit: 0

Quote from: mk4 on August 27, 2021, 02:01:17 PM

Quote from: Blockrocks on August 27, 2021, 05:05:00 AM

Have any of you had any experiences with Cryptolocally P2P? https://cryptolocally.com

This is the first time I've seen that one. And while it seems to be a legitimate exchange, you know what they say about the lesser known exchanges— it's better to take the extra precautions and use the well-known and reputable ones instead.

You can say that and good guidelines but first to market is normally the biggest until tech changes. Cryptolocally may be less known but it's the safest by far I believe. Smart contract escrows to protect your trade, plus it's non-custodial. The thing I dislike about the other exchanges is that you have to transfer money to the platform each time first. With Cryptolocally you just used your own wallet.

semobo

full member

Activity: 1498

Merit: 146

Quote from: Blockrocks on August 25, 2021, 07:43:26 AM

Which P2P crypto trading platform do you use and why? I'd love to know about the ones you have used and your experiences with them.

Also, I'd like to know why you choose to use P2P rather than exchanges etc.

Thanks in advance everyone. Grin

LBC and Paxful are the mostly used p2p but now Binance p2p and other exchanges also p2p trading but they are not really p2p because the funds will be credited to yoir exchange then only you can move it to wallets. But all those p2p are having mandatory KYC requirements.

Localcryptos, Bisq and HodlHold are some of the real p2p exchanges but with less volume and offers.

Maus0728

legendary

Activity: 1876

Merit: 1552

Bitcoin Casino Est. 2013

Binance P2P services is good, but not until when there are some P2P buyers and seller who requires additional Know Your Customer (KYC) process before you get to execute the trade. I just don't know if other countries do this as well.

terciduk123

sr. member

Activity: 1176

Merit: 252

Quote from: BitMaxz on August 25, 2021, 05:28:26 PM

I only do P2P trade on Binance because I can able to trade on our fiat and there are lots of accepted payments and withdrawals compared to other exchanges or other P2P sites.

Another thing is that Binance is already been tested many times and they can prevent fraud on their P2P exchange and the best thing is you can P2P with their app easily with less fees.
The only problem is they require KYC before you can able to P2P trade.

Yes, For P2P trading I also only use Binance, Convenience and security is very good.
A little correction, Binance does not apply any transaction fees for P2P trading. I trade P2P a lot and there are never any transaction fees, it's all free, and the buy-in prices are good too.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: Blockrocks on August 25, 2021, 07:43:26 AM

Which P2P crypto trading platform do you use and why? I'd love to know about the ones you have used and your experiences with them.

Also, I'd like to know why you choose to use P2P rather than exchanges etc.

Thanks in advance everyone. Grin

Binance P2P - although you need to be KYC verified.

Why do I use them? Simply, because the interface is good, lots of buyers and sellers, no fees to minimal, and the best part, the exchange rates are way better compare to dealing in a local exchange when converting crypto to fiat.

Safety? Yes, it's safe. Just make sure everything is good before hitting that Release button.

tbct_mt2

hero member

Activity: 2254

Merit: 831

Peer to peer trade is risky and something you have to note for your trades.

- Scammers tend to create offers that are too good to be true. Who don't want to have as much profit as possible? But please remember that "too good to be true" offers are likely from scammers and very new accounts.
- You must be double or tripple careful when you consider a trade with new account
- Don't release your crypto before you receive payment transaction from your trade partner. Crypto transaction is irreversible, so if you release your coin, you lose it
- To avoid scammers who do money laundering, avoid trade partners who only or mostly have trades in bank transfers, credit cards. Only buy, not sell or mostly buy and very little sell.

mk4

legendary

Activity: 2716

Merit: 3817

🪸 NotYourKeys.org 🪸

Quote from: Blockrocks on August 27, 2021, 05:05:00 AM

Have any of you had any experiences with Cryptolocally P2P? https://cryptolocally.com

This is the first time I've seen that one. And while it seems to be a legitimate exchange, you know what they say about the lesser known exchanges— it's better to take the extra precautions and use the well-known and reputable ones instead.

hugeblack

legendary

Activity: 2492

Merit: 3597

Buy/Sell crypto at BestChange

The problem of peer-to-peer platforms is not in the technical development, but rather in the liquidity and the number of people with whom you can conduct transactions. Whenever the number is large, you will have more and more and easier ways to conduct transactions.
localcryptos is the best currently because he offers many options and most of them do not require identity verification with a certified guarantee, my experience with him is good.
Generally the answer will vary according to your country and the method of exchanging.

Chick this list ---> https://bitcointalksearch.org/topic/list-of-p2pno-kyc-exchanges-5180421

Blockrocks

newbie

Activity: 15

Merit: 0

Have any of you had any experiences with Cryptolocally P2P? https://cryptolocally.com

BitMaxz

legendary

Activity: 3206

Merit: 2904

Block halving is coming.

I only do P2P trade on Binance because I can able to trade on our fiat and there are lots of accepted payments and withdrawals compared to other exchanges or other P2P sites.

Another thing is that Binance is already been tested many times and they can prevent fraud on their P2P exchange and the best thing is you can P2P with their app easily with less fees.
The only problem is they require KYC before you can able to P2P trade.

JeromeTash

legendary

Activity: 2100

Merit: 1208

Heisenberg

Initially it was Localcryptos.com because they don't need one to carry out KYC yet, but the problem is liquidity and spread between the buyers and sellers is sometimes very huge.

Currently, I use Binance p2p since I already passed KYC verification on the site sometime back. The liquidity is good too. I abandoned localbitcoins because they were asking way too many questions in order for one to get verified as compared to other standard verification in other crypto exchanges.

mk4

legendary

Activity: 2716

Merit: 3817

🪸 NotYourKeys.org 🪸

If we're talking about actual trading(short term) and not investing, then you're going to have a bad time with P2P platforms due to the bad liquidity. But with mid to long term bets, the typical DEXs such as Uniswap and SushiSwap. I've heard good things about dYdX(perpetuals and margin), but I've personally haven't tried it yet.

tbct_mt2

hero member

Activity: 2254

Merit: 831

Help: A list of LocalBitcoin alternatives (P2P marketplaces)
Many P2P exchanges in the list, you can choose LocalBitcoins, Paxful, Bisq, Hodlhodl or Binance P2P.

Bisq is a truly P2P platform but trading volume is very low. Binance P2P is centralized by Binance but it has higher volume and people like it.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Haven't used other independent p2p platforms but I am a regular user of the binance p2p services. I trusted this platform more than any other service provider because of their established reputation in this industry. However, as far as I know, a lot are using the localbitcoins - https://localbitcoins.com/.

Blockrocks

newbie

Activity: 15

Merit: 0

Which P2P crypto trading platform do you use and why? I'd love to know about the ones you have used and your experiences with them.

Also, I'd like to know why you choose to use P2P rather than exchanges etc.

Thanks in advance everyone. Grin

Topic: P2P Crypto Trading - Which Platform Do You Use & Why? (Read 384 times)