Hello Guys

[Mymuna]

Guys how to buy bitcoins/ETH in Pakistan? (don't want to rely on Pakistani exchange so is there any other way?)

i sell on localbitcoins, u can buy there too

never send money first
Yes you are right localbitcoin is a very good exchange in which we can buy or sell bitcoin very easily, and right if a person buy bitcoin on localbitcoin then he need to not send any amount of money till when he receive bitcoin otherwise i think in this exchange still i don't see any scammer it is a very safe and secure place.

[1714546966]

1714546966

[1714546966]

1714546966

[Cantsay]

Op, is this a guide or a question?

If it's a question I would recommend that you check out these threads various P2P marketplaces where mentioned aside form Localbitcoin:

• Re: Buying crypto in USA or canada
• Help: A list of LocalBitcoin alternatives (P2P marketplaces)

While if it's a guide; firstly you could make some amendment by starting with the topic name, rather than "Hello guys" you could use "few things I do to avoid been scammed on Localbitcoin." And again the guides you provided are like the basic warning most P2P EXCHANGES give as soon as you're logged in.

[noorman0]

I would not suggest localbitcoins because of some of their problems on the fund recovery system. There have been several reports of their shady behavior in the past that never seem to be resolved.  [1] [2] [3]
I prefer decentralized p2p exchanges like hodlhodl.com or bisq.network

Op, is this a guide or a question?

I think he is offering a service

[ThemePen]

I never believe on any other exchange if the world's top and best exchange is giving the opportunity to buy or sell on its P2P Platform.

I am also from Pakistan and I really prefer to buy from P2P market of binance. There could be the scammers but I didn't find yet.

There are many blogs and videos are available on internet which are guiding how to buy or sell crypto on binance with P2P.
Here are some.
https://www.binance.com/en/how-to-buy/bitcoin

Here are the videos.
https://youtu.be/nT-7SxFv7f8
https://youtu.be/YefgS00AXJA

And also found this forum post. There would be more but this guy explaiin little bit.
https://bitcointalk.org/index.php?topic=5391044.msg59616268#msg59616268

[logfiles]

I never believe on any other exchange if the world's top and best exchange is giving the opportunity to buy or sell on its P2P Platform.

I am also from Pakistan and I really prefer to buy from P2P market of binance. There could be the scammers but I didn't find yet.

And if he does not want to carry out KYC verification? You can not trade on Binance's p2p without first undergoing KYC verification.

i sell on localbitcoins, u can buy there too

Localbitcoins is a no-go zone for me since it's custodial. Localcryptos is at least noncustodial. You can export wallets keys that are holding your funds, something that's not possible with local bitcoins.

[Potato Chips]

i think in this exchange still i don't see any scammer it is a very safe and secure place.

There is no P2P exchange out there with no scammers. The person on the other end could always try to trick you. The most common scheme i see is either the chargeback scam or the fake notification for payments in order to trick you to release the escrow. You can look up threads about this in reddit and/or bitcointalk.

I prefer decentralized p2p exchanges like hodlhodl.com

Hodlhodl relies on centralized servers, can ask KYC, ban countries, so it's not decentralized.

[ThemePen]

And if he does not want to carry out KYC verification? You can not trade on Binance's p2p without first undergoing KYC verification.

But dear friend Binance has the terms and conditions and rules and policies, Binance will never share your personal information to anyone.

There was a case in which Binance shared the information of some accounts but there the fraudulent activity involved and the victims has looted Billions of rupees from citizens.

The scam activity article.

https://m.economictimes.com/markets/cryptocurrency/pakistans-fia-issues-notice-to-cryptocurrency-exchange-while-investigating-multi-million-dollar-scam/articleshow/88786073.cms

And the Binance compromised to share information to Binance.
https://blogerspace.com/binance-ready-to-share-information-with-fia-on-100-million-scam-involving-pakistanis/?amp=1

But a simple trader and scalpers are still safe.

And KYC is compulsory just due to avoid fraudulent activities.

[Potato Chips]

But dear friend Binance has the terms and conditions and rules and policies, Binance will never share your personal information to anyone.

In case you missed it, it's not just the authorities:

4. Does Binance Share My Personal Information?

Third party service providers: We employ other companies and individuals to perform functions on our behalf.  Examples include analysing data, providing marketing assistance, processing payments, transmitting content, and assessing and managing credit risk.  These third-party service providers only have access to personal information needed to perform their functions, but may not use it for other purposes. Further, they must process the personal information in accordance with our contractual agreements and only as permitted by applicable data protection laws
.
Business transfers: As we continue to develop our business, we might sell or buy other businesses or services. In such transactions, user information generally is one of the transferred business assets but remains subject to the promises made in any pre-existing Privacy Notice (unless, of course, the user consents otherwise). Also, in the unlikely event that Binance or substantially all of its assets are acquired, user information will be one of the transferred assets.

Protection of Binance and others: We release account and other personal information when we believe release is appropriate to comply with the law or with our regulatory obligations; enforce or apply our Terms of Use and other agreements; or protect the rights, property or safety of Binance, our users or others. This includes exchanging information with other companies and organisations for fraud protection and credit risk reduction.

....In order for us to provide you the best user experience, we may share your personal information with our marketing partners for the purposes of targeting, modeling, and/or analytics as well as marketing and advertising. You may opt-out of sharing personal information with our marketing partners, unless we have a legitimate interest to do so.

and most importantly, there's also a data breach/leak risk.

But a simple trader and scalpers are still safe.

And KYC is compulsory just due to avoid fraudulent activities.

KYC is not as effective as they make it out to be: https://bitcointalk.org/index.php?topic=5221497.0

It's perfectly fine to use the platform provided that you know your risks but I would never describe it as a safe platform for people concern about their personal info.

[Darker45]

But dear friend Binance has the terms and conditions and rules and policies, Binance will never share your personal information to anyone.

There was a case in which Binance shared the information of some accounts...

LOL! You are funny, my dear friend. So, which is which, Binance will never share your personal information with anyone or they will share it?

In any case, forget about the terms and conditions and rules and policies. Users only agree with them because they've got no choice. Or they don't even care about them. They don't even read them at all. Well, they're not made for them, anyway. They're for the regulators to be able to legally monitor and control things.

[ThemePen]

KYC is not as effective as they make it out to be: https://bitcointalk.org/index.php?topic=5221497.0

It's perfectly fine to use the platform provided that you know your risks but I would never describe it as a safe platform for people concern about their personal info.

So it means there is any other way to do trading spot/future on binance or other platforms. Because mostly are those who ask for the KYC and than they give the permission to trade on their platforms.

So I think you have any other option so I would like to see that option and hungry to use. But it could be safe.

LOL! You are funny, my dear friend. So, which is which, Binance will never share your personal information with anyone or they will share it?

By the way you didn't see the case which I shared.
They scam Millions of Dollars. And Our Institution FIA cased on Binance and ask to provide the information. Therefore Binance shared that.

In any case, forget about the terms and conditions and rules and policies. Users only agree with them because they've got no choice. Or they don't even care about them. They don't even read them at all. Well, they're not made for them, anyway. They're for the regulators to be able to legally monitor and control things.

Yes that is the answer of my next question.
If I want to trade so where should I go?

But if I will do any fraudulent activity and any security institution will ask information so Binance or other exchanges will share my information.

By the way you are right, We are forced to do it all, therefore we compromise.

I answered all.

But.

Note.

 The question is about to buy and sell in our country.. So I answered according to that KYC was another problem.
But this is attached indirectly.

[Darker45]

LOL! You are funny, my dear friend. So, which is which, Binance will never share your personal information with anyone or they will share it?

By the way you didn't see the case which I shared.
They scam Millions of Dollars. And Our Institution FIA cased on Binance and ask to provide the information. Therefore Binance shared that.

I very seldom click on links. But the point remains, that Binance gives in to the demands of the powers that be. Do you think Binance would tell the authorities, "Hey, clear your facts first before asking any piece of information from us!"?

In any case, forget about the terms and conditions and rules and policies. Users only agree with them because they've got no choice. Or they don't even care about them. They don't even read them at all. Well, they're not made for them, anyway. They're for the regulators to be able to legally monitor and control things.

If I want to trade so where should I go?

Others have already suggested respectable P2P platforms like bisq and Localcryptos. Check them out!

But if I will do any fraudulent activity and any security institution will ask information so Binance or other exchanges will share my information.

I'm afraid sharing of information isn't done strictly on the basis of fraud. I guess massive amount of personal information are shared in the name of national security. And I guess many of these privacy breaches are in line with mere fishing expeditions.

[ThemePen]

Do you think Binance would tell the authorities,

By the way. I didn't find any further news of this case. And never watch any piece of video on my country's media channels.

I don't what they do ? And how they settled down this situation.

But we will stop at one point that is, we are forced to do KYC to use or to withdraw assets. So I think there is no option except this.

[Potato Chips]

So it means there is any other way to do trading spot/future on binance or other platforms. Because mostly are those who ask for the KYC and than they give the permission to trade on their platforms.

So I think you have any other option so I would like to see that option and hungry to use. But it could be safe.

If you check kycnot.me, you can find exchanges that has no kyc to no-mandatory kyc. Ultimately, your options would depend on what you’re trying to achieve like for futures, you’ll likely be stuck with those that has no mandatory kyc but can at any time ask for it.

[ThemePen]

So it means there is any other way to do trading spot/future on binance or other platforms. Because mostly are those who ask for the KYC and than they give the permission to trade on their platforms.

So I think you have any other option so I would like to see that option and hungry to use. But it could be safe.

If you check kycnot.me, you can find exchanges that has no kyc to no-mandatory kyc. Ultimately, your options would depend on what you’re trying to achieve like for futures, you’ll likely be stuck with those that has no mandatory kyc but can at any time ask for it.

Thanks for sharing.
I shocked when I see Kucoin in the list.
But I think for P2P KYC should be  compulsory to stop the fraudulent activities.
Due to KYC the fraud ratio comes down.
This is my point of view others may disagree.

[rat03gopoh]

But we will stop at one point that is, we are forced to do KYC to use or to withdraw assets. So I think there is no option except this.

System failure sometimes requires you to verify, no longer because of the amount of money you want to withdraw. Tbh, I prefer to take these consequences early on when dealing with centralized services. There are only 2 options, sacrifice my identity or not use the service at all. This will allow me to be more selective about which services I have to trust forever.

[logfiles]

But dear friend Binance has the terms and conditions and rules and policies, Binance will never share your personal information to anyone.

You talked about policies, but I don't think you read this one (https://www.binance.com/en/privacy)
You will discover that they do share data

And there are also customer data leaks which happen from time to time like this one Binance Customer Data Has Leaked: What We Know and What We Don't