That's why there's a word "CONFIRM".
Why should you push a transaction if there's no confirmation at both ends?
There might be a scam happening in Binance P2P (but I don't know how as the Binance escrow system is great) but the majority of all trades are clean and smooth. Been using the service for 4 months now. The rates are way better compared to our local exchange.
it's trust, many users approved it claiming they have made payment wanting you to accept the transaction without you receiving funds. though recent i made another transaction using Binance P2P and it repeat itself again, so all i have to do is to ask him to hold on less until i have receive it to my local account before approving it.
guess what?
He didn't perform any transaction, greatly there's user call center were we could get contacted to each others while trading, so called the user on cell phone explain how i have not received payment for 20 minutes now; and he replied me saying " is network" but he didn't perform any to extent i asked for payment receipt so that i can also verify, but he didn't pay if that i rushed to approve i would have loose my funds.
Hello my first experience on binance p2p is to confirm payment without buy releasing assets to me.
So what is your experience?
Im never using the service since i dont think theres any benefit from it, its seems market price is cheaper than the price the seller offer on the p2p market.
Also, i heard some of user complain that the seller didnt responsive regarding to the transaction process.
It's another place to make trade directly to your local account whereby user (buyer) can send you local currency to you bank account then you releases your digital currency to the buyer after confirming you have received funds from the (buyer) sender, while you are the seller. which ever way can work for both party's.