Are these P2P crypto platforms SCAM?

[Jawhead999]

FTX went bankrupt not run away with user funds so as long as the people are using exchanges for trading and not storing the cryptos for the longer term they do not really need to be worried about its long-term existence or their internal affairs. Some exchange's p2p is having difficulty dealing with scammers abusing their p2p platforms by sending funds from hacked bank accounts so when it comes to P2pP, it is better to prefer completely verified trader than just email and ID verified users.

If someone bank accounts get hacked, how it's possible banks didn't freeze the funds in the first place? it's not as easy as you thought

If you argue someone can create a bank account with a fake information, then you need to try it by yourself.

There's no way to verify someone else bank accounts except you're the bank employees, banks wouldn't share their information easily to other people except the case is related to crime or went viral.

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[Ayers]

Only Paxful can be considered a P2P crypto platform, the rest as you say are centralized exchanges. However, discussing whether it is legit or not, I cannot conclude directly, the platforms you say are already popular globally and have millions of users so they can be said to be quite trustworthy. But that does not guarantee that the exchange platform will be trustworthy in the future, because the possibility that they could collapse is very possible, as was the case with FTX some time ago. So always pay attention to your assets and if possible, there is no need to hold them for a long time on a centralized exchange.

I agree with you that P2P trading on centralized exchanges is not completely P2P because of the intervention of a third party, and that is the exchange. But as long as you don't bother with KYC issues and never store assets on those centralized exchanges, using P2P on CEX will be many times easier and more convenient than DEX.

Regarding the future, nothing can be trusted whether DEX or CEX because you cannot predict what will happen in the future. If you only use CEX for P2P trading and buying and selling coins then you won't have any problems.

The collapse of FTX has nothing to do with the topic we are discussing because we only talk about P2P, no one talks about storing assets on CEX.

[legendbtc]

- Bybit is just familiar to me but never had the guts to this platform because I was already satisfied with Binance's P2P feature.

 

Except for Phemex because it's so foreign to me. All the remaining exchanges that OP mentioned are reputable and worth using. I have used all of them as I used to be a USDT trader at most centralized exchanges. But I have to admit to you that Binance is still the most worth using because it has higher liquidity than all the other exchanges. Regarding security features, or customer protection policies, there is not much difference between them. As long as we follow the rules they set, we will be safe.

[GiftedMAN]

I am kind of new to the crypto era, and I am wondering if any of these P2P platforms scammed or legit?

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Maybe these sound familiar to you but this is my first month into this game and I want to pick the right ones.

Thanks

All afored mentioned exchanges are genuine from my perspective and you shouldn't have to think of them as scam but just like every other exchange, I'm  sure there are also scammers out there who are out there seeking for people to steal from them, so you have to be very careful while dealing with exchanges as nothing is guaranteed and no one will be held responsible for any losses and it is even stated very clearly over there.
I don't know your reason for asking about these exchanges but I hope you don't intend storing your coins on exchanges but rather try to store them on more safer places.

[gabbie2010]

I am kind of new to the crypto era, and I am wondering if any of these P2P platforms scammed or legit?

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Maybe these sound familiar to you but this is my first month into this game and I want to pick the right ones.

Thanks

Personally I have been using Binance P2P for many years without any issues, their services is topnotch with fast transactions once paired with buyer or seller, however KYC mandatory to enjoy their services and KYC is in tiers depending on the amount of money or coins to be transacted, I had some few experience with paxful then though no issues with that platform too, but since I ported to Binance I stopped using it, other exchanged mentioned I never use their services thus no comment on them, meanwhile beware of fake Binance telegram which some fraudsters used to scam unsuspecting people of their hard earned money.

[fullhdpixel]

FTX went bankrupt not run away with user funds so as long as the people are using exchanges for trading and not storing the cryptos for the longer term they do not really need to be worried about its long-term existence or their internal affairs. Some exchange's p2p is having difficulty dealing with scammers abusing their p2p platforms by sending funds from hacked bank accounts so when it comes to P2pP, it is better to prefer completely verified trader than just email and ID verified users.

If someone bank accounts get hacked, how it's possible banks didn't freeze the funds in the first place? it's not as easy as you thought

If you argue someone can create a bank account with a fake information, then you need to try it by yourself.

There's no way to verify someone else bank accounts except you're the bank employees, banks wouldn't share their information easily to other people except the case is related to crime or went viral.

Maybe because they didn't know about the issue yet? This is why self-reporting is also a must, if you still want your hacked account back. There are really some things that new and high-tech stuffs can't do. This proves that humans are still important and won't be replaced by them, especially the AI that everyone is talking about now. Creating a bank account with a fake info is I think possible. What about if you have a strong or special connection to that bank or to its staffs? Then you also had a realistic but fake I.D's. Same goes when verifying someone else bank account. You can ask a help for the bank employee in exchange for some nice rewards.

[BitcoinsGreat]

I am kind of new to the crypto era, and I am wondering if any of these P2P platforms scammed or legit?

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Maybe these sound familiar to you but this is my first month into this game and I want to pick the right ones.

Thanks

How do you find these platforms as scam? Most of them are good exchanges but i am not sure if all of them offer the P2P services. I haven't heard of Phemex by the way.

Anyways i use Binance for the P2P deals and they have a great platform for P2P. You need to take precautions so the dealers at P2P do not scam you and that has nothing to do with the platform.

[Crypto Library]

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Actually I haven't any of them for using P2P trading I just signup on Bybit and Bitget for exchanging some of my holding token. I have successfully traded them and also withdrew I haven't face any issue but the amount wasn't that big. I have just use Binance and Kucoin exchanger for P2P trading so I can't share any experience on of them.
But I wanna say that even if you are selecting a top platform for P2P trade you can be scammed because p2p kind of third party on exchanger. I have follow some procedures to trade on the to avoid scammers like seeing their ratings and reviews on their feedback. Many times I took to be a scam but in the end the scammers were not successful. And always read the rules of cex or platform before doing a p2p trade.

[batang_bitcoin]

I will avoid to use paxful because they're not good for me as a platform that have announced to be done with business and then gets back, it won't get a 2nd chance for me. That's just for me guys and if you think that they deserve it, you're okay as that's what you think about them. But for me, business isn't like this because once you're closed down and not too long after, you'll get to business with some changes and new management IIRC, I just don't find it as a good factor.

[lombok]

I am kind of new to the crypto era, and I am wondering if any of these P2P platforms scammed or legit?

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Maybe these sound familiar to you but this is my first month into this game and I want to pick the right ones.

Thanks

I have never made a P2P transaction on the exchange list you wrote about, but I have several accounts from that list. Honestly, I am comfortable and trust Binance's P2P service and am not interested in making P2P transactions on other exchanges. I'm afraid that if doing a lot of KYC on various exchange platforms will leak my personal data, I've risked my identity to do KYC on Binance so I can make P2P transactions and that's enough.

If the OP wants to make a P2P transaction on one of the listed platforms, my suggestion is to first use the money that will be exchanged or withdrawn to avoid big losses when a scam occurs.

[Kelvinid]

All of them are working on OP but dealing with the P2P feature is quite different as it already involves 3rd-party which they don't have full control over them. Just like other sites, P2P can be a scam but it doesn't mean that site itself is a scam, it is just the person we communicate with. That is why we also have to take a look at the review because, in other platforms like Binance, there is a rating to review if that person is having a bad performance.

What I can say OP is that you have to careful and it is better to use the site/platform that you were usually used. Trying a new one is not a bad idea but you have to be careful.

[kamvreto]

Bybit, OKEx, Bitget in my opinion are legit and I have tried them but paxful and phemex have never tried them at all. It's better to use a p2p platform that is quite familiar and proven to pay rather than using a new P2P platform. I usually use Binance and never switch to another platform. Binance is trusted and there is no doubt anymore.

[yazher]

The platform itself won't scam you but when you are doing p2p trades there is some risk that that you might get scammed if you are receiving a payment which can be charged back. If you don't use escrow you can be scammed also. This happened to me once when I was using a new p2p exchange where I wasn't familiar how it worked and mistakenly sent a payment before the other user's funds were in escrow. I got scammed but it wasn't a major loss. You should start out with smaller trades when you are just beginning.

Even in the popular exchanges that have some of these P2P features, scammers are wreaking havoc and I've nearly become a victim of their scam because of how their fraud works. they sent me a screenshot which an evidence that they already sent the fiat that I was asking for, the amount was correct and they nagged me to send the BTC to them but when I watched closely, the account number wasn't mine, and when I realized I was talking to a scammer and he nearly got me with his old trick. so you just better not to lower your guard with these guys because anytime they could betray you.

[BitcoinsGreat]

Bybit, OKEx, Bitget in my opinion are legit and I have tried them but paxful and phemex have never tried them at all. It's better to use a p2p platform that is quite familiar and proven to pay rather than using a new P2P platform. I usually use Binance and never switch to another platform. Binance is trusted and there is no doubt anymore.

I think that if you have binance allowed to use in your region then there is no need to find another platform for P2P. Binance P2P platform is the best one for sure and there you will find a lot of merchants offering there services.
Yes, you need to be careful while dealing with P2P but then this is a standard as at all the platforms, there is a risk of getting scam but if you follow the standard like no third party payments etc, you won't be scammed easily.

[glendall]

The five exchanges you mentioned, 3 of which I have used, are safe, where do you conclude that OKx, Bitget and Phemex are scams, have you tried them? and cheated? or how ?
My advice is that you don't get scammed, use the official website and if it's p2p, look for a verified platform

[sokani]

I am kind of new to the crypto era, and I am wondering if any of these P2P platforms scammed or legit?

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Maybe these sound familiar to you but this is my first month into this game and I want to pick the right ones.

Thanks

I've not used any of the exchanges you listed, so I cannot help you make a pick. However, if you want to avoid KYC, then I'd suggest bisq.network, but if you're comfortable submitting your personal data, Binance is good place to carry out P2P trade because of the higher number of active traders. Also, it's important to note that during P2P trade, you're dealing with the trader and not the exchange, so do well to read how to avoid scams on P2P Trade.

[KingsDen]

I am kind of new to the crypto era, and I am wondering if any of these P2P platforms scammed or legit?

- Paxful
- Bybit
- OKX
- Phemex
- Bitget

Maybe these sound familiar to you but this is my first month into this game and I want to pick the right ones.

Thanks

It all depends on your definition of scam;

• If depositing fiat, using it to buy crypto and withdraw it is what you consider as legit, all of them could be legit.
• If asking for KYC is what you consider as scam, all of them could also be scam

But if you are willing to submit your data in the name of KYC, using popular exchanges like binance could be the best choice.

Remember that these platforms provide a safe way to make P2P deals, but you are still making deals with an unreliable third party. Look for an account with a high positive rating, read the terms carefully and ONLY release escrow after you are sure that your money has arrived.

The exact reply I have been looking for. A platform could be genuine but the users if not strictly regulated could be scammers. It doesn't end in validating the domain, but also being careful with the participants of the platform is important.

[Rehan Zakir]

I don't think so because these are all very good exchanges and they have not scammed their users. Their systems are really reliable. It's really hard to get scammed on these platforms. But I heard that there are scammers on Paxful for peer-to-peer trading. However, I haven't tried it myself.

[DYING_S0UL]

I have used exchanges like Binance, Kucoin, ByBit. AFAIK all of these exchanges require mandatory KYC's. For me, I have never encountered any problems using these exchanges. Everything went smooth. So if you not concerned about your privacy, I guess you could use one of those.

Never use an exchange to store your assets. Use them only when you need to buy or sell your assets. Not your keys not your coins.

[Hamza2424]

First of all this topic doesn't belong to this section, At the same time I'm wondering why the moderator hasn't moved it out to the Exchanges section.

Hmm, most of them are renowned platforms, and you can consider them reliable, especially for Bybit & OKX I'm sure they have a good support team, and response to complaints also I've personally used them. So I can say they are pretty reliable for the rest I cant say anything.