Is it safe ?

[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.

[1714954400]

1714954400

[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.