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

[Blockrocks]

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. 

[Twinkledoe]

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/.

[tbct_mt2]

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.

[mk4]

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.

[JeromeTash]

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.

[BitMaxz]

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.

[Blockrocks]

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

[hugeblack]

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://bitcointalk.org/index.php?topic=5180421.0

[mk4]

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.

[tbct_mt2]

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.

[harizen]

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. 

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.

[terciduk123]

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.

[Maus0728]

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.

[semobo]

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. 

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.

[Blockrocks]

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.

[Blockrocks]

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.

[Byaako]

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

[avikz]

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. 

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.

[Wind_FURY]

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.

[Blockrocks]

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.