Binance P2P - Experience A lesson to be Learned

[Johnyz]

P2P has been the best options para sa atin to cash-in/cash-out since hinde ganoon kaganda ang mga rate sa local exchanges naten and mas convenient ito.

So I just want to share a my experience and a few tips to avoid any delay on the transactions.




I've placed my ETH order last March 18, 2021 via Gcash but since the GCASH account of Sellers was already exceeded the Limit, hinde nagpupush through you transactions so I inform him about this, and the seller asked me to pay through other option so since medyo baguhan palang ako sa P2P, I follow his instruction until the delay happened.

I choose to transfer to his Paymaya account through my Gcash account, and the seller didn't release the ETH because he's still waiting for my payment which I've already done and sent the proof of my transactions (This is the rule though, don't release until you receive the money).

To make this story short, it took us 9 days to complete this transactions and now I just want to give a few tips to avoid this kind of scenario.



P2P TIPS

1. Always follow the payment method - If you choose GCASH it should be GCASH to GCASH. If the seller insist to you that you can choose to transfer to his bank accounts CANCEL THE ORDER right away! (You have 3 cancel order per day - if you exceeded this limit your account will be suspended for the next 24hrs)

2. Record Everything - Especially if nagtratransact ka ng malaking pera, you should always record so if maexperience mo ang ganitong delay, you should put it into Appeal right away.

3. Communicate - If willing ka makipag settle sa Seller para masolved agad ang delay and problem between your transactions, much better.

4. Don't Panic - If hinde agad nirelease pera mo, wag ka magpanic at kausapin mo ang seller once na hinde sya nagcocomunicate, put this into appeal.

5. If Paid already, DON'T CANCEL - Some seller will ask you to cancel your order and create a new one, you should not follow them especially if bayad kana. They have to release the Money or else put this into appeal.

6. Choose a Certified Seller/Buyer - Makakatulong na malaman mo ang mga previous records nila upang alam mo kung kanino ka makikipag transact and wag ka lang basta magbased sa rate na inooffer nila.


If you are still not familiar with Binance P2P I suggest this thread [G U I D E] Paano Bumili at Magbenta sa Binance P2P (Coins.ph alternative) - I hope na hinde nyo maranasan ang delay na naranasan ko! DYOR!

[1715147734]

1715147734

[1715147734]

1715147734

[1715147734]

1715147734

[Peanutswar]

Kung ang ilan ay takot sa ganitong transaction tingin ko mas effective way na maaring gawin is convert nyo nalang kung earnings nyo to ripple (xrp) tapos direct send nyo nalang sa coins.ph wallet nyo mas recommed ko to kesa mag send ng bitcoin to bitcoin sa binance at coins. mas malaki lugi kesa mag xrp well just my thought lang naman dahil mas alam kong ikaw mag process ng pera mo at sigurado ka.

[samcrypto]

Nagkakaproblem talaga ang GCASH lately and hinde talaga ito reliable, mas ok pa siguro if banks ang pipiliin mo pero sa system na meron tayo sa Pilipinas, hinde talaga naten maiiwasan makaranas ng ganitong delay.

Its good that you didn't appeal, at hinayaan mo nalang na maayos nyo ang problem between the seller masyadong hassle pa kase talaga if magappeal ka though I'm sure naman na protected ang ETH na binili mo since may mga Bonds naman ang mga seller.

This is a good tips para sa mga gustong gumamit nga P2P, kung maexperience nyo ang ganitong sitwasyon dapat talaga alam mo ang gagawin mo.

[peter0425]

Medyo di ko na gets mate, Natapos din ba ang transaction ? meaning di ka naman na scam?

Anyway kabayan salamat dito sa tips mo , medyo di kopa madalas na ginagamit ang binance P2P pero tatandaan ko to , na never engaged in different ways of payments , kailangan mag stick lang sa kung ano ang usapan or else find another seller.

[Johnyz]

Medyo di ko na gets mate, Natapos din ba ang transaction ? meaning di ka naman na scam?

Anyway kabayan salamat dito sa tips mo , medyo di kopa madalas na ginagamit ang binance P2P pero tatandaan ko to , na never engaged in different ways of payments , kailangan mag stick lang sa kung ano ang usapan or else find another seller.

Hinde naman ako nascam mate, 9days lang ang inabot bago matapos ang transaction na ito.
Maging mapanuti tayo lage, at wag maging kampate para maiwasan ang mga delay/problema na ganito. Mas safe ka if ikaw ang nagbebenta ng crypto para sa akin, pero pag ikaw ang bibili at ikaw ang unang magbabayad, always stick to the original agreement.

[bL4nkcode]

Always choose #1, request to cancel if ever nga limit yung payment method's account ni seller, the rest na sa binance p2p rules, notes na pwede mong mabasa.

Wag na mag risk, minsan si seller pa nag sasabi na ica'cancel niya kase limit siya so ganun, if mag insist si seller hayaan mo na mag expire yung time limit at auto-cancel naman yun. Had many tx yan pero never ako nag ka problema maliban nalang dun sa mga bugos na waste lang ng time. Mabuti na nag update si binance p2p about dun sa mga lower completion rates na mga seller or yung mga bugos kadalasan or parang troll lang.