do you check feedbacks score of traders?

[Zaguru12]

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.

Traders that transact using P2P on The Exchanges are mostly from countries where adoption of bitcoin and cryptocurrency at large aren’t rampant. physical P2P might seems risk less but that a locality where you had hear of any trader then one just has to trust the exchange P2P to convert coins to local fiat.

I normally use Binance and KuCoin and I consider rating and the number of transactions that such trader has done in the past. Then as human greediness will have it I also look the amount of each trader. But the later has thought me bad lesson because I once transacted with a trader on KuCoin with a rating below 50% and it took almost an hour, and I was seriously in need of the fiat and I couldn’t terminate the initiated transaction and just had to wait. So rating definitely matters a lot

[Oceat]

I think it doesn't matter if their score is high or low as long as you know if they were shady and not following the rules set in exchange you can then change another trader. Also, there are confirmation that requires both sides to confirm if the trade is successful but if you are worried that you might get scammed, then don't buy/sell in bulk. I don't mind the tx fee as long as you have an assurance that you won't lose everything of your funds in one go. Although, I haven't tried to buy or sell in bulk though perhaps the tx fee will have a slight difference.

[nakamura12]

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.

That's a hard way indeed to learn and know the importance of making sure it will go smoothly or it will go as what you have planned. Having checked the ratings or score of a trader will make your transaction successful which is why checking the feedbacks is what you should do first and it is better to choose the trader that have more ratings and traded many times rather than the new ones even though they have much better offer. In short, as long as you have the assurance that it will be successful then why not go.

[khaled0111]

You should always deal with traders who have high trust ratings even if they don't offer the best rates.
Although binance, as many other well known p2p platforms, acts as an escrow between you and your countreparty there is still a possibility that you do something wrong which may lead to you losing your money. example: sending more money than what you are supposed to, sending payment after the order has already been expired..

[drwhobox]

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.

People used to trade on p2p to get fiat for their local currency. I don't think you don't have any other good options to sell bitcoin/crypto without p2p trading, I know and I have used other options in Binance but whether the exchange rate is not good or there are additional fees to pay for that transaction.

[Sandra_hakeem]

It all depends on whichever centralized platform you're using; onlike remittano, binance etc, they have their gradings/ratings which isn't sometimes determined by your feedback or trust score, but by every successful Trnx...
WHY?? Sometimes, most transactions aren't usually rated by the clients, isn't it?? ....and without 'em ratings, you can't be scored.. but the exchange itself would create an opportunity to rate every trnxs.
So it's very mandatory that if anyone must trade on decentralized platforms,.they must create selling or buying ADs for or from verified and reviewed accounts.

Sandra 🧑‍🦰

[tvplus006]

The level of security that Binance provides when making p2p transactions is the highest, but for this you should follow the rules perfectly. Nevertheless, I choose a trader to make a deal who has a high percentage of positive reviews. At the same time, it should be understood that not all traders leave positive feedback after a successfully completed transaction.

[Rockstarguy]

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.

That's a hard way indeed to learn and know the importance of making sure it will go smoothly or it will go as what you have planned. Having checked the ratings or score of a trader will make your transaction successful which is why checking the feedbacks is what you should do first and it is better to choose the trader that have more ratings and traded many times rather than the new ones even though they have much better offer. In short, as long as you have the assurance that it will be successful then why not go.

I believe most people don't even check on feedback of traders. When I started selling my coins on exchange I don't even have notice that feedback of traders can be checked not until a day when the trade was delayed and I was worried,I had to go to the person's profile which I was selling to and I checked his feedback and after sometime the trade became successful.  Since then I don't joke in checking feedback when ever I'm to trade . Feedback is very important to check,  it makes one to know if doing business with a trader is reliable to continue the trade or not.

[Findingnemo]

I think it doesn't matter if their score is high or low as long as you know if they were shady and not following the rules set in exchange you can then change another trader. Also, there are confirmation that requires both sides to confirm if the trade is successful but if you are worried that you might get scammed, then don't buy/sell in bulk. I don't mind the tx fee as long as you have an assurance that you won't lose everything of your funds in one go. Although, I haven't tried to buy or sell in bulk though perhaps the tx fee will have a slight difference.

FYI, just one trade from the wrong person can result in all of your bank accounts in your country along with all the funds can be frozen so don't take it lightly when it comes to the feedback of p2p trading, and don't forget their recent feedback too cause p2p accounts can be hacked too so just make sure you are not getting into any trouble.