Which is the best crypto exchange for P2P transactions ? I am looking for a good alternative to Binance P2P.
I find that if we use P2P of centralized exchanges, it will be more convenient than P2P of decentralized exchanges. In my opinion, liquidity on decentralized exchanges is still not high, I tried once with bisq but finding currency buyers and sellers in my country is quite inconvenient. There aren't too many options for me, whereas on Binance, I can easily choose traders with many different prices.
To be fair, CEX offers a better experience but the issue is privacy and people who don't care about that should stay at CEX. For those who value privacy and identity, DEX is definitely the choice but will be quite more inconvenient than CEX.
Yes, for users who doesn't care about the privacy binance provides with the best P2P transaction. It have got the P2P trade with zero fee which is really good and it is possible to see good number of buyers and sellers which makes trading more easier. Not every centralized exchanges provide with the best experience, binance is good in it. Over time binance had been adding more and more features enabled to the P2P transaction making trading simple.
Earlier majority of the people prefer localbitcoins and the shutdown is completely unexpected. Even myself use it, now while checking the price and the profit margin between the two platforms binance is very competing with better price and margin.
Indeed, although we cannot guarantee our identity when using centralized exchanges, it cannot be denied that centralized exchanges are providing better services than what DEXs provide. From liquidity to transaction fees...CEX always has the upper hand compared to DEX and that is why even when many CEXs collapsed causing hundreds of billions of dollars in losses, there is still a large number of users. No matter how much we hate CEX, I think it is difficult for us to stop depending on them when DEX still cannot provide superior features like CEX.