do you check feedbacks score of traders?

[Y3shot]

I know there are some reliable  p2p exchanges where cryptocurrency currency can be traded,  I know binance which is kind of reliable in trading cryptocurrency.  In this exchanges their are traders that are not very reliable,  if you go through the rating of some traders in exchanges you will see feedbacks or scores by some other traders to rate how the trade went.

When you sell your cryptocurrency in exchange do you care to check the review of the trader or you are only interested in selecting lower rate of buying and higher rate of selling.  What makes you want to sell your coin to a particular trader in crypto exchange,  do you care about review of traders or you go for the best rate to buy and sell?

[Pmalek]

Personally, I would rather pay a little more to trade with a person who has successfully concluded hundreds of deals and has +95% positive feedback, then taking a better offer from someone with a 50% success rate. You are also paying for the security and peace of mind.

On a different note, can someone explain to me the benefits of using a custodial and centralized exchange such as Binance for P2P trading? What am I missing?
If you use the platform already, can't you just use the normal spot market to acquire the coins you want? Are the profit margins better for their P2P deals? Do you pay less in trading fees?

It makes sense on Bisq or Hodl Hodl. Why do it on Binance? 

[Y3shot]

It makes sense on Bisq or Hodl Hodl. Why do it on Binance? 

Binance is where I can easily buy my bitcoin,  but I don't Hodl in Binance or any centralized exchange.  I used it because it is easy for me and the only exchange I know better.

[Rikafip]

On a different note, can someone explain to me the benefits of using a custodial and centralized exchange such as Binance for P2P trading? What am I missing?
If you use the platform already, can't you just use the normal spot market to acquire the coins you want? Are the profit margins better for their P2P deals? Do you pay less in trading fees?

From what I saw, Binance P2P supports a lot of payment options to buy crypto (Advcash, Revolut, Skrill and hundreds more that I never even heard of) while if you want to buy let's say bitcoin on Binance using their regular way you will have few options only (debit cards, bank transfer).

[Pmalek]

That's not what I asked you and you didn't answer any of the questions. I asked why are you using Binance's P2P trading platform instead of the standard exchange.
You can buy using fiat (credit, debit, SEPA transfers) on the standard exchange. Are you using some e-wallets that are only supported on the P2P exchange or what advantage does it give you that the regular exchange feature is missing?

[rat03gopoh]

Since feedback is the main preference of score rating then yes, I'll do every some time. And it is advisable not to be the type who likes to deal with new traders regardless of the lower fees offered, there are times when you'll find yourself at risk with an amiss traders. As long as the old trader services makes you feel comfortable, I don't think fees is a big deal anymore.

[Taskford]

When you sell your cryptocurrency in exchange do you care to check the review of the trader or you are only interested in selecting lower rate of buying and higher rate of selling.  What makes you want to sell your coin to a particular trader in crypto exchange,  do you care about review of traders or you go for the best rate to buy and sell?

Yeah I personally check the feedback of those reliable trader since somehow they give insights about the latest happening about the market and what possible position you can sell or buy. But don't give to much belief on it and always believe on your own research or skills in trading since at the end of the day you are the one who's going to decide which price you want to sell it. But make sure you not became greedy and always do it when you are already in bullish condition.

[Husires]

Without reading these ratings, you will most likely rely on luck to find a good trader, and if you are not lucky, you will be scammed.

I focus on negative feedback and how to respond to them more than positive one, and if a user has 100%, this is a bad indicator, especially if the number of transactions is large.

Well, solving these problems will determine the extent of trust in him.

[dimonstration]

When you sell your cryptocurrency in exchange do you care to check the review of the trader or you are only interested in selecting lower rate of buying and higher rate of selling.  What makes you want to sell your coin to a particular trader in crypto exchange,  do you care about review of traders or you go for the best rate to buy and sell?

It’s a combination for me but the first thing I always check is the rate. Most of the trader on P2P exchange has a food feedback and those bad feedback user usually offers a price that is far lower or higher than the average listing price.

Actually for me you can’t be scam on P2P even if you manage to make a transaction with bad reputation user because you can check everything if you receive the funds in your wallet before you confirm transaction for fund release. There’s also a feature to filter merchant only so that you can avoid those low ratings.

[Cantsay]

For me, the only time I bother to check the feedback of a trader is when I want to sell something of high value, when I just want to sell a little out of my holdings I don't even bother to check I just go on with the one with the best price and I initiate a trade with them. And so far I haven't encounter any issues, it might just be that I'm lucky or something like that...

But when the value of what I want to sell is quite significant I do go through most of the negative feedback to see the cause of it and when I'm not comfortable with that certain trader I don't initiate anything with them I just move to the next one till I see a decent one.

[SafuBTC]

Binance exchange got you covered, imagine if binance isn't the middle man, even a well rated trader can just decide to ruin you up one day, it will be like a country without the law, forget the rating side and focus more on how Binance handle it's p2p, I use binance a lot and I don't bother checking how many trades a trader has successfully complete, it doesn't matter, because on Binance you can't lose money in p2p, unless you mess things up yourself, like releasing fund before Fiat get into your bank account.

[cryptoaddictchie]

When you sell your cryptocurrency in exchange do you care to check the review of the trader or you are only interested in selecting lower rate of buying and higher rate of selling.  What makes you want to sell your coin to a particular trader in crypto exchange,  do you care about review of traders or you go for the best rate to buy and sell?

Ofcourse price rate is crucial and also the rating is the most important one since you gonna use that as basis if the person is trusted enough to deal with your crypto or transactions. If you gonna do a big sell off then pick those high rating and good feedback cause that means they are really giving whats right during their pricing. They dont wanna messed up their record to continue a great reputation on buying and selling.

[kamvreto]

When you sell your cryptocurrency in exchange do you care to check the review of the trader or you are only interested in selecting lower rate of buying and higher rate of selling.  What makes you want to sell your coin to a particular trader in crypto exchange,  do you care about review of traders or you go for the best rate to buy and sell?

Ofcourse price rate is crucial and also the rating is the most important one since you gonna use that as basis if the person is trusted enough to deal with your crypto or transactions. If you gonna do a big sell off then pick those high rating and good feedback cause that means they are really giving whats right during their pricing. They dont wanna messed up their record to continue a great reputation on buying and selling.

Traders who are trusted enough will be the choice as well as looking at the price level and ratings recommended by others. Especially if making a big sale as you mentioned, then feedback and ratings will be the main criteria. as well as how fast they can process it. there are many merchants who have good feedback, but some processing is too slow. and for big sales make sure everything is safe.
Don't choose p2p traders with low ratings and also have negative feedback, and there are also some p2p traders who play prices without being able to process transactions that will be made. Can set a filter to get the right merchant.

[Taskford]

When you sell your cryptocurrency in exchange do you care to check the review of the trader or you are only interested in selecting lower rate of buying and higher rate of selling.  What makes you want to sell your coin to a particular trader in crypto exchange,  do you care about review of traders or you go for the best rate to buy and sell?

Ofcourse price rate is crucial and also the rating is the most important one since you gonna use that as basis if the person is trusted enough to deal with your crypto or transactions. If you gonna do a big sell off then pick those high rating and good feedback cause that means they are really giving whats right during their pricing. They dont wanna messed up their record to continue a great reputation on buying and selling.

Dealing with with their trades is a good basis for us to learn certain things what they do since we can observe how they trade especially when they publicly show their results and other necessary stats. But we also need to understand that even if how good their feedbacks is and how detailed they are when teaching if we are not paying attention because we always look only on the price not how they do it for sure we will messed up in terms of buying or on selling.

[Jawhead999]

because on Binance you can't lose money in p2p, unless you mess things up yourself, like releasing fund before Fiat get into your bank account.

Even though you've follow the right procedure, it still has a chance the centralized company e.g. bank, e-wallet, payment provider etc can reverse the seller's fiat money to his bank account. You might able to solve that case, but it's take time, energy etc since you need to contact Binance and tell what's happened before. Moreover there's a chance you might got a dirty coins, it will harm your privacy.

Checking the feedback is important, but it's better to trade in this forum with a trusted account or through Bisq.

[taufik123]

-snip-
But we also need to understand that even if how good their feedbacks is and how detailed they are when teaching if we are not paying attention because we always look only on the price not how they do it for sure we will messed up in terms of buying or on selling.

It's disruptive if you only look at the price and don't look at how much feedback there is and there will be restrictions that have to be met such as restrictions on making withdrawals or minimum withdrawals above $1k or so.

I often find new P2P merchants who want to be on top by charging a lower purchase price and a higher selling price for customers.
So don't be fooled by price games.

Look at the order limit displayed, you must make a minimum purchase or sale transaction with that minimum order if you want to be accepted.
If you only want to buy or sell for $50, then you should look below that price.




Currently, I rarely use binance p2p if it is not an emergency.
I prefer to trade on trusted accounts on forums or with of my friends who can do P2P quickly and reliably.

[Frankolala]

Yes. I look at feedback and rating, any trader with a negative trust,I don't trade with that person because trust matters a lot in whatever we are doing. Money is something very important, so when dealing with it,you make sure everything goes smoothly.

I have this trader, that I do trade with anytime I want to trade,I find out that I do have peace of mind when we are in business but whenever I don't have access to him,I feel restless trading with someone else. The feedback on those merchant are important to me anytime I want to make a trade, since I need a safe transaction.

[Pandu Geddon]

I don't know why some people trade P2P. especially when they use a platform like Binance. there available for spot trading. it's quite easy to convert the crypto we have to make withdrawals.
Personally, if you do a trade like that, of course, choose with the best reputation and reviews. especially those who already have many successful transactions.
I do not use P2P on any platform for crypto transactions. but I've done it personally for payment of goods with people I know.

[Obari]

I know there are some reliable  p2p exchanges where cryptocurrency currency can be traded,  I know binance which is kind of reliable in trading cryptocurrency.  In this exchanges their are traders that are not very reliable,  if you go through the rating of some traders in exchanges you will see feedbacks or scores by some other traders to rate how the trade went.

When you sell your cryptocurrency in exchange do you care to check the review of the trader or you are only interested in selecting lower rate of buying and higher rate of selling.  What makes you want to sell your coin to a particular trader in crypto exchange,  do you care about review of traders or you go for the best rate to buy and sell?

I personally don't pay attention to reviews on p2p exchanges except on some critical cases but I guess I learnt the very hard way as I was scammed of over $150 loan I took from the forum and it really broke me down because I so needed that money for my health issues and right now, I don't dare to trade on p2p exchanges without checking the users reviews and what I do most is use only trusted traders as marked by the exchange.

[armanda90]

I don't have any experience with score trader in P2P exchange Binance because every time after trading there have my local country pair and available trade for withdrawing to local exchange market. I think before trading in P2P in Binance exchange you can check with review and how trusted this seller because several time have cases with longer time appeal for transaction after buyer success made payment.

I think if you have local pair in Binance, trade or convert it and withdraw to local exchange market, some time found with bad service seller will delay for your transaction and you need to complaint it on Binance costumer service.