Binance P2P

[stompix]

Why even use Binance P2P at the point?

I don't understand why using any exchange would make sense in his situation, the op said: "someone wants to send money to me" so, why is not sending him directly the money via WU and be done for.  If there is a trade, why would somebody goes through all this trouble of trading with exactly one person in a foreign country, a country that is banned on some exchange an has probably little to no options of payment processors.

If he needs a p2p exchange it means he needs the escrow so there is little trust, why even do it when you're straight out going through fake your identity and location and risk everything. If you don't trust the other person and he knows your location he can easily screw you in a dispute forcing you to reveal you were using the site without being allowed to.

I'm really curious how this went but seems like OP hasn't paid attention to this anymore.

[techearn17]

I want to use Binance p2p escrow service almost my country is banned from using this platform, I can still use it via VPN, someone wants to send money to me and we need to use binance p2p what is your experience with this service?
Do I need ID verification? fees? How do I avoid scam?

TIP: I want to use binance p2p to make a Western Union transfer.

Yes I am using Binance p2p there is amazing futures yes you must do verification if you want to trade p2p  yes there have western union future my suggestion you must trade with merchant person and see the how much trade completed the person you want to trade 

[logfiles]

Yes I am using Binance p2p there is amazing futures yes you must do verification if you want to trade p2p  yes there have western union future my suggestion you must trade with merchant person and see the how much trade completed the person you want to trade 

It's not a must that one should only perform trades with merchants. There are some good trading partners too who are not merchants. As long as you follow the trading instructions like not releasing your crypto unless you have confirmed that the funds were sent to your account and avoid reversible payment methods such as PayPal. You will never be scammed.

[magneto]

Don't recommend that you use it.

The fact that you are accessing it with VPN from a banned country is definitely not reassuring. What if you were to be scammed and Binance mediation was called into resolve the issue? Certainly not the best look for you if you had to explain all your details were incorrect at signup.

Especially with the currently hostile environment between Binance and regulators, they will probably up the KYC.

Just use on-forum escrow or LBC, I think you're much safer with them.

[Husires]

Sorry for late responding, I was traveling to one of the countries and the problem was with Western fees agents. The lowest fee I found on LBC/Localcryptos was 10% which is expensive.
I found someone who will do it without any fees but he only use Binance P2P.

Greed is not a good thing, I used Localcryptos and it worked successfully even though I incurred the 10% + Western fees.

[logfiles]

Especially with the currently hostile environment between Binance and regulators, they will probably up the KYC.

Just use on-forum escrow or LBC, I think you're much safer with them.

LBC may not be any much different from Binance when it comes to KYC requirements. In fact I found them to be asking way to much details as compared to Binance

Secondly, LBC is also restricted in all but 10 states in the US. If OP is not from one of the unrestricted states. Then his situation isn't any much different

In the United States, LocalBitcoins provides service only to residents of:
Illinois
Kansas
Montana
New Hampshire
New Jersey
Pennsylvania
Tennessee
Texas
Virginia
Wisconsin

[CaVO32]

Sorry for late responding, I was traveling to one of the countries and the problem was with Western fees agents. The lowest fee I found on LBC/Localcryptos was 10% which is expensive.
I found someone who will do it without any fees but he only use Binance P2P.

Greed is not a good thing, I used Localcryptos and it worked successfully even though I incurred the 10% + Western fees.

If you think you can't pass the  KYC verification under Binance P2P because you are in a restricted country, just use the localcryptos as you already used it successfully. Because if you will insist using binance p2p, your funds may get into trouble and you would find yourself regretting. So in my opinion, better pay that 10% fee rather than getting into trouble. Or find someone here in the forum that is charging less fee for the conversion of your fiat. Go to your local section and ask for help. But don't forget to use escrow to safeguard your funds.

[Cryptomiles1]

Binance p2p is very simple to use, what you need to do is that you have to warned the buyer or sender not to include any narratives like " no crypto related tag on the deal or narration". you can release to the currency to him. The reason for p2p is mostly in some countries that do not allow direct deposit from bank.