Is it safe ?

[~|cryptogirl.bd|~]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

[OmegaStarScream]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

It's safe to use but there's no guarantee that the other party won't charge back after you release the bitcoins (if you're the one selling) So if you're going this route, and instead of trading with one person for big amounts, do smaller amounts with multiple individuals. You should also check the (recent) feedback of the person you're dealing with.

Which payment methods you're going to use though? If you're already willing to submit your documents to use Binance's P2P platform, why not just use a reputable CEX and buy directly from it? The rates might be a bit higher, but at least you're eliminating the risk.

[Jawhead999]

As long as you follow the whole steps, you're safe (in terms of you will get the coins/money) but it's not safe for your privacy. You shouldn't try to look to good to be true offer since it's mostly a scammer who using a stolen banks or such illegal stuffs, I'd say 5-10% price difference is still make sense, I wouldn't go higher than that except you're accept the risk.

Personally if I would do P2P trading, I'd choose to use either Bisq or localcryptos.

[Charles-Tim]

On centralized exchanges, like Binance for example, you do not have full control over your asset. Your coins or tokens can be seized as they are centralized.


It is safe.

Do not release coins unless you have seen the money sent to your account, not through text message but through checking your account balance. I do not know about other transfer methods, they would be similar to bank transfers.

Use a reputable buyer or seller.

Do not be lured by people that unnecessarily hike their rate, you may think it will favour you, but it would be done in a way it will not.

Personally if I would do P2P trading, I'd choose to use either Bisq or localcryptos.

That is true, but I see bisq to be the most decentralized.

[Mr.right85]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

Doing P2P trading on an exchange like Binance is more safe than randomly meeting someone online or in your locality and you guys just go about trying to make business work. Not even on the forum except for a few users that have been verified by there trust ratings to be good to do business.

Doing P2P exchange on binance is actually safe as, the exchange serves as a third party, an escrow between both buyer and seller and you only get to approve on coin release when you've been credited and have confirmed the amount on your account. On no account should you approve before confirmation.

[|MINER|]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

P2P is currently one of the best way to buy and sell cryptocurrency and fiat currency. Yes I also have question about the user privacy. Moreover, considering other aspects, I think it is safe. When you will do the p2p trade if follow the step then I don't think you don't have to face the problem.  Before take trading please view the info and feedback. And I also says that avoid those accounts who have done few trade for large amount.

[Nrcewker]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

P2P Trades are best when you don’t like to do KYC on popular exchanges.
If you are verified in Binance, then why don’t you directly sell there?
Moreover I have done P2P deals at Paxful and localbitcoins only, so can’t tell you exactly about the P2P trader of Binance.
Normally it’s advised that when doing P2P deals always go with the user with high trust, and don’t try reversible payment methods.
Rest everything will be fine.

[xSkylarx]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

It's safe as long as you do p2p on those people with yellow check marks which means they are verified. Always remember that do not release the funds as long as you do not confirm that you have verified it. There are people that send screenshots that looks like they already send you the money but are really fake. I've done it many times using different mode of payment but didn't experienced any issues so far.

[AicecreaME]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

Other than checking the person account reviews in P2P if it has a good feedback, yes it is safe. P2P is the fastest way to withdraw your money, and you can ask the price you want if you're selling your coins. But if you're withdrawing your Bitcoin for example, then converting to an altcoin then send it to your local exchanger of cryptocurrency to fiat is much better for lower fee.

[palle11]

Binance is safe for P2P despite being a centralised exchange but I don't think people complain about them regarding their coins. You may need a KYC for your transaction. You have to be sure you have your credit to your self before you release your coin and you can do all your conversion in binance.

[onecall123]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

A peer-to-peer trade is also called P2P trading. It is a type of cryptocurrency trading that involves direct payments between users. A safe and fair trading environment is ensured by Binance P2P's escrow service. I have been using Binance p2p trading for over a year and have been quite happy with it. If you follow their instructions, then it doesn't matter whether you are a buyer or a seller.

[blockman]

It's safe but still, you need to be vigilant because I've seen a series of those P2P trades that they were caught off guard.
Aside from Binance, if you want to trade P2P and it's not that urgent at all, you can have it with someone from the forum but it's going to require you an escrow.
That is if that's not the usual P2P trade that you're going to do.

[Rigon]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

Yes you can rest assured it is definitely much safer. Here you will be asked to provide information that you will be required to provide. Otherwise you will never be able to trade on p2p You need to verify the KYC system to trade. Mobile SMS verification and ID card verification are required After various verifications you are given permission to trade on P2P.And from here you can never do corruption, if you do corruption you will be banned from P2P platform.So surely we can safely say it is a very safe platform.

[Rufsilf]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

It's all just fine provided that you never send it first.
P2P trading is actually risky and prone to scammers and you need to be careful with the person that you have been trading. But as we can see, many people are using this platform meaning, it was a trusted exchange and all the transactions are safe unless you are about to visit the wrong site or clone site.

As I've tried several time doing this and using the same platform, I could say it was safe.

[Wexnident]

It should be safe, I and my sister have had experiences with it and we never had any issues with the experience. There's a bunch of stuff you need afaik, KYC being the first, before being able to transact so I think that gives enough for Binance to stand as the middle man. You should also be able to report suspicious transactions directly to Binance in case you get hit, they are a centralized exchange and can freeze an account if they deem it necessary. Just keep a record of every transaction and conversations you've made to be safe in case they want more info.

[Issa56]

Trading P2P on binance is kind of safe but not completely safe, you have to follow the steps and you have to be careful, because the person you will be buying from or selling to might be trying to be smart, some might be trying to scam you so you have to be careful. If you are selling make sure you receive alert before releasing coin to the buyer, sometimes the buyer will mark order as paid and he will ask you to release coin, make sure you confirm that the buyer paid before releasing the coin.

[Dabitgla]

It is safe.

Do not release coins unless you have seen the money sent to your account.

[Hypnosis00]

Not 100% safe but at least, using Binance exchange is somewhat safer than others.
However, it is a need for you OP to be careful, we know how these scammers acted. It is also better to consider the offer and don't get fooled by those traders who offer you high, we have to anticipate the possible things to happen as this is usually a trick by scammers.

But if you are not really comfortable doing P2P, think about spot trading as your next option.

[passwordnow]

It is safe.

Do not release coins unless you have seen the money sent to your account.

Exactly. If you're the seller, that's all you need to remember when you do P2P trades in Binance. But I'm not into it so instead, I'm into the spot trading just to be safe on my own conviction that I don't have to wait for some confirmation like this. Nevertheless, P2P in Binance is safe, and the platform itself is safe also, when you trade, always check the history of the person you're going to trade with. Just for the sake of safety that you're looking for in p2p platforms.

[KingsDen]

Many are telling you that it is safe. They said so because they understand that you don't much about your privacy. So if you have opened account with Binance already, their p2p is very safe generally. But you need to be careful on your own to be totally safe. There are tricks that scammers use on Binance, Like;
1. Displaying higher ad price and paying lesser.
2. Persuading you to release coin when they have not made payments.
3. Sending fake alert to make you release coin.
Don't fall for any and avoid doing trade with unverified traders or people who have don less than 100 trades.

[btc_angela]

On centralized exchanges, like Binance for example, you do not have full control over your asset. Your coins or tokens can be seized as they are centralized.


It is safe.

Do not release coins unless you have seen the money sent to your account, not through text message but through checking your account balance. I do not know about other transfer methods, they would be similar to bank transfers.

Use a reputable buyer or seller.

Do not be lured by people that unnecessarily hike their rate, you may think it will favour you, but it would be done in a way it will not.

Personally if I would do P2P trading, I'd choose to use either Bisq or localcryptos.

That is true, but I see bisq to be the most decentralized.

Of course, you have to check everything first, the amount that you will received and indeed if you received in already, before releasing your crypto. There is also a timer in the upper left, so if the buyer is not ready and the timer is up, then there is no trade between the two of you.

In my experience with P2P in Binance, I would say I have a great experience so far. The buyers that I choose is so far legit with at least 99% successful transactions.

[Eternad]

On centralized exchanges, like Binance for example, you do not have full control over your asset. Your coins or tokens can be seized as they are centralized.


It is safe.

Do not release coins unless you have seen the money sent to your account, not through text message but through checking your account balance. I do not know about other transfer methods, they would be similar to bank transfers.

Use a reputable buyer or seller.

Do not be lured by people that unnecessarily hike their rate, you may think it will favour you, but it would be done in a way it will not.

Personally if I would do P2P trading, I'd choose to use either Bisq or localcryptos.

That is true, but I see bisq to be the most decentralized.

Of course, you have to check everything first, the amount that you will received and indeed if you received in already, before releasing your crypto. There is also a timer in the upper left, so if the buyer is not ready and the timer is up, then there is no trade between the two of you.

In my experience with P2P in Binance, I would say I have a great experience so far. The buyers that I choose is so far legit with at least 99% successful transactions.

It’s very rare to see 99% trust rate there because some of the p2p merchant there missed some transactions due to time availability. Personally I’m basing my preference on the combination of number of trades and trust score to choose the best seller or buyer because there’s a chance that you will still get scammed by a 99% trust score buyer if he only fakes those transactions with small transaction history. It’s much better if you choose the combination even if the trust score is just 90% or close to it.

[Nrcewker]

It is safe.

Do not release coins unless you have seen the money sent to your account.

Yup when doing P2P deals always it’s ideal to release the coins when you see the money is reflecting in your bank account.
If possible also see your bank transactions to get more confirmation that you have actually received the funds.
For an extra layer of security, it’s advised to choose the best rated seller than the seller offering the best rates.
Rest i guess everyone is wise enough to differentiate between scam deals.

[coinerer]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

p2p trading is safe but you have to careful about release your order . you must double check your Payment before release your order. many time scammer use 3rd party apps for send fake payment massage and trying to scam crypto .so be carefull to do p2p trading

[smartaction]

I think Binance p2p trading is safe for sell your crypto with fiat money i am regularly use Binance p2p. but do not try to sell your crypto on p2p in panic .you should trade your crypto on p2p very carefully scammers can attack you any time . Although Binance has the best security measures in place, nevertheless done your trade carefully

[newdevices]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

don't worry, P2P on Binance is completely safe, there's nothing wrong with trading P2P,
but you should also know that many exchanges don't have good reputations either,
so if you want to save or trade, make sure the exchange does gain more trust,
for example, Binance, Kucoin, Bitfinex, Coinbase, and FTX, yes there are still many,
and also there are still many who are indeed scammer exchanges, be careful

[TheGreatPython]

Trading P2P on binance is kind of safe but not completely safe, you have to follow the steps and you have to be careful, because the person you will be buying from or selling to might be trying to be smart, some might be trying to scam you so you have to be careful. If you are selling make sure you receive alert before releasing coin to the buyer, sometimes the buyer will mark order as paid and he will ask you to release coin, make sure you confirm that the buyer paid before releasing the coin.

I think kyc is required before you apply as a seller on their p2p markets so when someone wants to be a scammer then they can be in big trouble because binance got their identity and their addresses. It's also possible to see the sellers' ratings before we transact and usually those who are on top have a high ratings.

We can just pick them so that we are sure that we are safe. I personally don't prefer p2p but when I want to buy or exchange coins I will just use those instant exchangers. They are less hassle and their minimum also much lower compared to the most known cex. It is also safe in terms of privacy because they don't require a kyc.

[goaldigger]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

I’ve been using P2P in Binance and so far its safe though the amount will still depend on the limit of the seller or buyer. Better if you are going to transact big money divide it to lower the transactions because your bank might also be alarmed if you do a one time transactions. Remember that you are going to use your banks as a receiver with this, AMLA is watching so better to do this at a small transactions. P2P in Binance have the secure funds, if you didn’t receive the money you can just report it but of course it will take some time before you actually get the refund, so better to choose the trusted seller.

[DoublerHunter]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

^ As of now, it is safe because they are a reputable exchange.
Dont forget to always read the ToS before depositing your money on P2P Binance, it is a simple way to avoid problems in the future.
For me, decentralized p2p trading is still the best, though Binance p2p is good still feel uncomfortable while using this exchange so I had rather use Hodl-hodl and Bisq p2p exchange than the Binance.
Go for it, it is safe, but don't leave your money there for a long period of time.

[Rengga Jati]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

Actually, there is no safe 100% guarantee. However, Binance P2P is a trusted platform and many people also do KYC for P2P. This may be an easy way for some people to trade coins by fiat directly. There is also something that you must pay attention to on P2P trading on Binance, it is commonly about the account of the sellers or buyers.
However, if you are doubt about this, you can go to the Binance exchange, and make trading activities there, this is more trusted.

Btw, there is an interesting article that you can read as one of the reviews or information about this. You can add learning from this:
How to Safeguard Your Crypto on Binance P2P

[so98nn]

If you doing it on binance then it has good volume for exchange. There is no need to go for p2p unless and until you need the money to be coming from the bank account of another person and somehow show it as normal trade and not against the crypto. Most recently that’s viable option to avoid the government taxes, TDS and regulated stuff. You should really choose this option depending on your location. Like in case of India, you need to pay 30% straight up. Not only this, if you are going to go for p2p then also exchanger will have 1% TDS deduction plus they will notify on KYC you made that transaction. Ultimately you have to pay 30% in any scenario.

[Chainsmokers]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

even though in my opinion trading P2P is less efficient, it's better to trade on the spot market,
but if you really want to trade P2P you must of course be on a safe platform, for example Binance,
at Binance P2P trading is provided, so you can trade safely and comfortably on Binance.

[Solosanz]

even though in my opinion trading P2P is less efficient, it's better to trade on the spot market,
but if you really want to trade P2P you must of course be on a safe platform, for example Binance,
at Binance P2P trading is provided, so you can trade safely and comfortably on Binance.

Why you can say Binance is a safe platform for P2P? There's no any different with the other P2P platform and it would compromise your privacy due to Binance poor privacy. I have no idea why many people to use P2P platform that associated with centralized exchanges, since both of them are different.

If you want to trade on P2P exchanges, it's better to use decentralized exchanges or P2P platform that accept lightning network and high privacy oriented.

[GeorgeJohn]

I think Binance p2p trading is safe for sell your crypto with fiat money i am regularly use Binance p2p. but do not try to sell your crypto on p2p in panic .you should trade your crypto on p2p very carefully scammers can attack you any time . Although Binance has the best security measures in place, nevertheless done your trade carefully

Binance is the most popular exchange that reached to the grassroots.so from my perspective trading there is quite safe as you portray because of their security level. From the aspect of selling of cryptocurrency as you said. Some people don't have endurance of selling cryptocurrency because they feel that anytime cryptocurrency is experiencing market downtrend it show that after there you will not make profit again.

[ethereumhunter]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

So far, I do not have a problem using Binance for any feature on that exchange. But if you doubt that, maybe you need to search for more news that can convince you to use Binance. But many people are satisfied with Binance and still use it now to earn money from many things inside Binance. But Binance needs you to verify your account and if you do not want that, you can use the other exchange or DEX, which does not need verification.

[Dollar_Hunter]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

So far, I do not have a problem using Binance for any feature on that exchange. But if you doubt that, maybe you need to search for more news that can convince you to use Binance. But many people are satisfied with Binance and still use it now to earn money from many things inside Binance. But Binance needs you to verify your account and if you do not want that, you can use the other exchange or DEX, which does not need verification.

Talking about Binance, I personally don't have any complaints because it is one of the unquestionable platforms,
Besides that, the features that are owned can also be said to be complete,
I think it's good to have account verification and of course it's for security

[Mpamaegbu]

A friend who trades using Binance P2P once told me the method he had adopted to swim passed sharks there. He said he wouldn't transact with anyone who hadn't done up to 1,000 trades and that the merchant must be willing to pay from their personal account. Otherwise he would cancel. No third party account accepted, according to him. That way he said he had been extremely lucky and lowered the risk of getting scammed.

There are tricks that scammers use on Binance, Like;
1. Displaying higher ad price and paying lesser.

How will that be possible. I thought P2P on Binance is highly regulated? How can buyers/sellers manipulate transactions once price is put out? Is there no way snapshots are automatically entered to serve as evidence once a transaction is entered into by a bot or something so there won't be hangling of disagreement thereafter?

[Findingnemo]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

Doing P2P on binance or LBC is safer compared to the completely decentralized exchange when it comes to the source of funds but there is no 100% security anywhere, even if the person completed KYC still the source can be from someone else's account and it could be from not knowing their knowledge and it can continue for months and years with no problem but when banks found then your account and fiat stored in there are at complete risk of getting frozen almost forever.

[Issa56]

I think kyc is required before you apply as a seller on their p2p markets so when someone wants to be a scammer then they can be in big trouble because binance got their identity and their addresses. It's also possible to see the sellers' ratings before we transact and usually those who are on top have a high ratings.

Binance requires kyc before you can access the exchange, incase if you are scammed the user can easily be tracked if you report to binance, but some newbies still fall victim, some of them are just using binance for the first time and they don't know about Appeal. When I started using binance I don't know you can Appeal so incase I was scammed them I wont be able to Appeal because I don't know about it.
I think the best thing to do is always check their trading and also their completed transactions, always make sure you buy or sell to user with high rating and high completed trades.

[Alisha-k]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

With a centralised exchange first your coin isn't yours because you don't have key to sign the release of your coin when you want to spend them. For p2p on Binance exchange as long as you don't release coin when you have not been paid you are completely safe and always ensure you release once you get credited to avoid getting negative tag. But get prepared for bunch of verification in the name of KYC

[ethereumhunter]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

So far, I do not have a problem using Binance for any feature on that exchange. But if you doubt that, maybe you need to search for more news that can convince you to use Binance. But many people are satisfied with Binance and still use it now to earn money from many things inside Binance. But Binance needs you to verify your account and if you do not want that, you can use the other exchange or DEX, which does not need verification.

Talking about Binance, I personally don't have any complaints because it is one of the unquestionable platforms,
Besides that, the features that are owned can also be said to be complete,
I think it's good to have account verification and of course it's for security

Yes, it is right. Many people who already use Binance agree that they also do not have any problems or complaints about trading on that exchange. They verify their account without waiting for a long time and I think Binance can take care of their document right and in the other place so the exchange prevents the bad things that can happen. But once again, we can only suggest he continue using Binance and verify his account without forcing him to use Binance like us because he is free to select the other exchanges.

[KingsDen]

There are tricks that scammers use on Binance, Like;
1. Displaying higher ad price and paying lesser.

How will that be possible. I thought P2P on Binance is highly regulated? How can buyers/sellers manipulate transactions once price is put out? Is there no way snapshots are automatically entered to serve as evidence once a transaction is entered into by a bot or something so there won't be hangling of disagreement thereafter?

This happens when the seller is not careful and might not observe it. You know that at the process of igniting a p2p trade if price changes, you would be notified and you will need to refresh to get the current price.
So, what some cheaters do is to display higher buy price in like 425 and when you click to trade, the figure will change to like 423 and if you are not careful enough you won't notice and continue with the trade at 423 instead of 425. Then, if they are caught they will claim that price changed, it is a smart way of cheating. So, to avoid this, ensure that the price displayed in adds in what is used in trade. You can do the calculations manually to ensure that it is matching with the amount of fiat you are expecting.

[rozak]

Yes, it is right. Many people who already use Binance agree that they also do not have any problems or complaints about trading on that exchange. They verify their account without waiting for a long time and I think Binance can take care of their document right and in the other place so the exchange prevents the bad things that can happen. But once again, we can only suggest he continue using Binance and verify his account without forcing him to use Binance like us because he is free to select the other exchanges.

I think it's important to stay alert. although Binance is widely used and has proven to have a good reputation. but we are not aware of other factors that may contribute to fraud attempts by others.
Believe it or not, in some social media groups, you will see people selling Binance accounts and other verified exchange accounts. I don't know their motive for doing it.

I also use binance. to trade and hold assets. So far, I don't think there's a problem.

[virasisog]

Many are telling you that it is safe. They said so because they understand that you don't much about your privacy. So if you have opened account with Binance already, their p2p is very safe generally. But you need to be careful on your own to be totally safe. There are tricks that scammers use on Binance, Like;
1. Displaying higher ad price and paying lesser.
2. Persuading you to release coin when they have not made payments.
3. Sending a fake alert to make you release a coin.
Don't fall for any and avoid doing trade with unverified traders or people who have done less than 100 trades.

Yes, there are also scammers on Binance so you have to be skeptical. Check their transaction history as much as possible. I've heard a bad experience from a friend who did p2p in Binance and got scammed. I have tried doing p2p but luckily, I haven't had any bad experiences. You only have to be wise and careful when transacting and double-check if they're verified.

[ethereumhunter]

Yes, it is right. Many people who already use Binance agree that they also do not have any problems or complaints about trading on that exchange. They verify their account without waiting for a long time and I think Binance can take care of their document right and in the other place so the exchange prevents the bad things that can happen. But once again, we can only suggest he continue using Binance and verify his account without forcing him to use Binance like us because he is free to select the other exchanges.

I think it's important to stay alert. although Binance is widely used and has proven to have a good reputation. but we are not aware of other factors that may contribute to fraud attempts by others.
Believe it or not, in some social media groups, you will see people selling Binance accounts and other verified exchange accounts. I don't know their motive for doing it.

I also use binance. to trade and hold assets. So far, I don't think there's a problem.

So true. By staying vigilant, we can know if at any time there is a serious problem happening on Binance so that we can do something to save the assets we have there before something bad happens. I don't recommend buying a Binance account from out there because we don't know what they are doing before they decide to sell it. It's better if we register and verify our account so we won't be in trouble. Binance has satisfied many traders and so far, Binance has always tried to maintain its reputation and also, Binance provides many interesting programs to attract more members.

[ItsCrafty]

In my opinion p2p trading is not safe because if you share your money to the other so may be he does not share it back to you so you can loss your money.   But is the fact that whatever you are doing there will be loss and success related with each other. It can be profitable if the other partner do not make you fool and send it back to you, in this way both will get profit.

[GeorgeJohn]

In my opinion p2p trading is not safe because if you share your money to the other so may be he does not share it back to you so you can loss your money.   But is the fact that whatever you are doing there will be loss and success related with each other. It can be profitable if the other partner do not make you fool and send it back to you, in this way both will get profit.

sharing of network or sharing of wallet true P2P trading is not something that we can emphasize on,  and also the condemn the profit or benefits of trading. I understand that the only way peer to peer trading cause is accusing people who is promoting different signature as a linked accounts. While it's done under exchanges of cryptocurrency.

[NicNacCoin]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

However, P2P trading platforms are safe. P2P transactions are absolutely safe on all platforms, not just Binance.You cannot do P2P trading without such a verified user. You need to be a maximum verified user to do P2P trading.You cannot think of any escape. If you think that I won't release the dollars then surely there will be authorities to take action against you and your dollars will be locked from your account will be done.

[Questat]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

If we talk about safety transactions from 1-10, I rate this 8, which was higher to think that we may have successful business transactions. And this also means that we still face risks doing this knowing that we never know that person we communicated with and transacted with.
Well, I'm not sure about the other exchanges that offer the same services but for me, Binance is safe. If I were you, I have to stay Binance if am already satisfied with their services and having also a reasonable fees.

[harizen]

In my opinion p2p trading is not safe because if you share your money to the other so may be he does not share it back to you so you can loss your money.   But is the fact that whatever you are doing there will be loss and success related with each other. It can be profitable if the other partner do not make you fool and send it back to you, in this way both will get profit.

P2P trading is safe as long as it was done on a reputable platform like Binance, at least. Obviously, as a seller of crypto, don't release any assets right away until you confirm that the buyer already paid you.

You just have to follow the instructions and you are somehow safe*.

In the case of dealing with a sh*t buyers or sellers, Binance is there to cover you.

[GreatArkansas]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

However, P2P trading platforms are safe. P2P transactions are absolutely safe on all platforms, not just Binance.You cannot do P2P trading without such a verified user. You need to be a maximum verified user to do P2P trading.You cannot think of any escape. If you think that I won't release the dollars then surely there will be authorities to take action against you and your dollars will be locked from your account will be done.

There are still lot of possibilities that even how those sellers in Binance or other platforms are legit or well verified, risks still there, so that's why I am very careful to do transactions there, like double verify first the seller, check profile ,check feedbacks of past customers, and another thing is dividing my orders or splitting them into small amount with multiple transactions just to be safe.

[bhooscream]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

Afaik, Binance P2P uses escrow service so that it can give more secure services. As their explanation in this article:
https://www.binance.com/en/blog/all/3-tips-from-a-top-trader-how-to-safeguard-your-crypto-on-binance-p2p-421499824684902752
But, although Binance has stated they offer secure services, it doesn't mean to guarantee. We must be also more careful when doing P2P on Binance from our individual sides. We must be more careful and sure enough with the transactions.
You can learn from this video to stay safe when trading in P2P on Binance:
https://www.youtube.com/watch?v=XZ4aiovH4fk

[carlfebz2]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

However, P2P trading platforms are safe. P2P transactions are absolutely safe on all platforms, not just Binance.You cannot do P2P trading without such a verified user. You need to be a maximum verified user to do P2P trading.You cannot think of any escape. If you think that I won't release the dollars then surely there will be authorities to take action against you and your dollars will be locked from your account will be done.

There are still lot of possibilities that even how those sellers in Binance or other platforms are legit or well verified, risks still there, so that's why I am very careful to do transactions there, like double verify first the seller, check profile ,check feedbacks of past customers, and another thing is dividing my orders or splitting them into small amount with multiple transactions just to be safe.

Based on experience on p2p as a seller on which the buyer didnt transfer the said amount and i was scammed since i do directly released the funds since there's a text message but i havent checked out my online

wallet because i was that confident that it was successful since i havent been scammed yet but it turns out that it was just a scam due to some text type of fraud which made me believe that it was real.
I have checked out that the user is just new and have less feedbacks because it was the first person who do give out best offer or rate which i do immediately made out orders
without trying to check sellers reputation which is a mistake and something that other people should be looking at.

[Silberman]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

However, P2P trading platforms are safe. P2P transactions are absolutely safe on all platforms, not just Binance.You cannot do P2P trading without such a verified user. You need to be a maximum verified user to do P2P trading.You cannot think of any escape. If you think that I won't release the dollars then surely there will be authorities to take action against you and your dollars will be locked from your account will be done.

There are still lot of possibilities that even how those sellers in Binance or other platforms are legit or well verified, risks still there, so that's why I am very careful to do transactions there, like double verify first the seller, check profile ,check feedbacks of past customers, and another thing is dividing my orders or splitting them into small amount with multiple transactions just to be safe.

And this is the right way to go about this, just because a platform is legitimate that does not mean there are not going to be scammers that know how to game the system and take advantage of those which are not careful, and while the measures you are implementing are important, probably the best is the one of dividing your orders in many small amounts, that way if a scammer targets you at best they are only going to get a very small amount of money out of you.

[hashrateproducts]

There are still lot of possibilities that even how those sellers in Binance or other platforms are legit or well verified, risks still there, so that's why I am very careful to do transactions there, like double verify first the seller, check profile ,check feedbacks of past customers, and another thing is dividing my orders or splitting them into small amount with multiple transactions just to be safe.

P2P trading is becoming more risky as scammers are desperately seeking new strategy to defraud buyers online. I have experience it countless number of times and I'm lucky to always get him caught and report to Binance with immediate effect. Perhaps I prefer buying from Binance verified Merchants which have the standard price of the stable coin one wants to buy. If P2P is risky as it is, then switch to offline, buying from your personal vendor, that's even clear because you're seeing him face to face unlike the P2P online.

[Issa56]

1. Displaying higher ad price and paying lesser.

I created a thread recently about this, it happened to a friend of mine recently which I created a thread about it, their are lot's of techniques which is been used by scammers on binance P2P so if you are using it, you have to be very careful.

3. Sending fake alert to make you release coin.

I noticed recently that you can't view buys or seller's mobile number, probably it was removed just because of people that are using it to send fake alert, am sure with mobile number fake alert can't be send. Whenever I receive a sms that have been credited, I always login to my mobile app to confirm the payment before I release the coin, I don't believe in sms because it might be fake.

[Yamifoud]

There are still lot of possibilities that even how those sellers in Binance or other platforms are legit or well verified, risks still there, so that's why I am very careful to do transactions there, like double verify first the seller, check profile ,check feedbacks of past customers, and another thing is dividing my orders or splitting them into small amount with multiple transactions just to be safe.

P2P trading is becoming more risky as scammers are desperately seeking new strategy to defraud buyers online. I have experience it countless number of times and I'm lucky to always get him caught and report to Binance with immediate effect. Perhaps I prefer buying from Binance verified Merchants which have the standard price of the stable coin one wants to buy. If P2P is risky as it is, then switch to offline, buying from your personal vendor, that's even clear because you're seeing him face to face unlike the P2P online.

Do offline business and transactions are not what we aim for now as crypto is designed online. Though P2P is risky and scammers will take advantage for this, it could be best not to use this platform but instead do actual trading. There are a lot of trading platforms in the market where we are sure that we are not dealing with the hands of these scammers while taking this P2P as their medium to scam.  
perhaps, we are already aware of the risk of doing this and it was our choice, we need just to be careful with our buyers or sellers.

[Hamphser]

There are still lot of possibilities that even how those sellers in Binance or other platforms are legit or well verified, risks still there, so that's why I am very careful to do transactions there, like double verify first the seller, check profile ,check feedbacks of past customers, and another thing is dividing my orders or splitting them into small amount with multiple transactions just to be safe.

P2P trading is becoming more risky as scammers are desperately seeking new strategy to defraud buyers online. I have experience it countless number of times and I'm lucky to always get him caught and report to Binance with immediate effect. Perhaps I prefer buying from Binance verified Merchants which have the standard price of the stable coin one wants to buy. If P2P is risky as it is, then switch to offline, buying from your personal vendor, that's even clear because you're seeing him face to face unlike the P2P online.

P2P face to face does impose risk too but it does have some Pro's too but if we do talk millions of amounts then it wont really be that safety speaking with this amount which does impose high security risk.

P2P in binance could really be safe if you are just that obliging yourself on checking every details and sticking out with the basics which better to stick into those reputable sellers or buyers or simply

does have lots of positive feedbacks because you would really be saving up yourself on being scammed compared into those who doesnt really watch feedbacks and reputation info.

[Silberman]

There are still lot of possibilities that even how those sellers in Binance or other platforms are legit or well verified, risks still there, so that's why I am very careful to do transactions there, like double verify first the seller, check profile ,check feedbacks of past customers, and another thing is dividing my orders or splitting them into small amount with multiple transactions just to be safe.

P2P trading is becoming more risky as scammers are desperately seeking new strategy to defraud buyers online. I have experience it countless number of times and I'm lucky to always get him caught and report to Binance with immediate effect. Perhaps I prefer buying from Binance verified Merchants which have the standard price of the stable coin one wants to buy. If P2P is risky as it is, then switch to offline, buying from your personal vendor, that's even clear because you're seeing him face to face unlike the P2P online.

The truth is that as this market has gotten more popular scammers are trying to find any way in which they can get to your coins and steal them by any means possible, so we must never let our guard down no matter how good the platform that we are using may seem to be, I know that this is incredibly hard and that any single mistake that you make when you're facing a scammer is probably going to cost you money, but unfortunately that is the price you need to pay if you want to do peer-to-peer trading.

[DanWalker]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

I regularly do P2P transactions on Binance and luckily I have not had any problems so far. I think it is safe and as long as you follow the guidelines and regulations of Binance, when you have a problem, be patient, they will solve it for you.
Not only p2p but all the rest of Binance's services, everything is very good and I feel satisfied when using their products to trade.

[newdevices]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

I regularly do P2P transactions on Binance and luckily I have not had any problems so far. I think it is safe and as long as you follow the guidelines and regulations of Binance, when you have a problem, be patient, they will solve it for you.
Not only p2p but all the rest of Binance's services, everything is very good and I feel satisfied when using their products to trade.

don't doubt Binance, Binance is one of the best cryptocurrency exchanges,
all the features there are very good, both P2P, spot market, futures, and even their NFT marketplace runs safely and very well.
Of course this is why Binance is called the best platform right now.

[coinerer]

I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?

Binance P2P is more secure among all the other methods. Where Binance acts directly as an intermediary. When A buyer wants to sell crypto they are safe if they don't release the specified asset until the mentioned amount deposit into the account. If any complaint is found, Binance  verifying it and favor one who is authentic. So i can say it's the safest.