How safe P2P Transaction for crypto transactions

[danglongbtc]

P2P transactions for cryptocurrencies are safe according to my experience. I have performed more than 20 transactions on one exchange who launched p2P facility first here and never had single issue. Reputed p2p service will demand KYC to prevent frauds. Overall, I prefer only p2p while cashing out my USDT.

[Wind_FURY]

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.)

I opened the same topic/thread for it, https://bitcointalk.org/index.php?topic=5180421.0

Although, the list might not be updated anymore. I will need everyone's help to review, and to update, only IF someone has actually used, are who's a regular user of one or many of those P2P services.

That is very good list you have made up there. I was also too concern about the KYC process initially and always wanted to have such exchanger. You have done good job listing such sites.

It's not my list. The link where it's from is in OP. I believe some services have started to require KYC/AML, and it needs to be updated. Post new information in the topic if you use those exchanges and if there are updates in their policy.

However, over the time I have ignored the concerns and jumped into KYC procedures anyway. Its been 4 years now I am using LocalBitcoin, P2P exchange in my country which took my KYC verification very seriously. I guess I have traded plenty amount of coins over there and it doesn't seem to be risky at all.

Yeah, it can't be avoided until,

They ask for it because if anyone loot you in the process of exchanging then at last they will have way to recover the money from them. So it's more or less added security for you and should not be considered as trust issues with P2P site itself.

KYC can't stop theft.

[tbterryboy]

It is as safe as any other method depending on you taking enough precautions. If you are not careful, you will be scammed about it, or even get hurt if you agree to meet face to face over your coins if it is too much amount. However if you are safe, and take the important safety measures, and basically all around be careful about it, you will have the chance to have a very pleasant transaction and that's it.

Escrows are usually much needed in these kinds of situations but picking one would be as difficult too, because the real good ones will be expensive and unknown ones could be their partners all you know. All in all, as long as you are careful enough, nothing will happen, just do every step you should do carefully without giving an inch and you will be fine.

[boyptc]

P2P transactions for cryptocurrencies are safe according to my experience. I have performed more than 20 transactions on one exchange who launched p2P facility first here and never had single issue. Reputed p2p service will demand KYC to prevent frauds. Overall, I prefer only p2p while cashing out my USDT.

What p2p exchange you've used?

There are platforms that have been mentioned on the first page about those p2p exchanges that don't push for KYC yet there's a demand and volume on their exchange.

In reputable exchanges that ask KYC, they have to do it but if there's an option for non-compliant exchange for KYC, you might try it.