Post
Topic
Board Beginners & Help
Re: Avoid trading crypto in real person. You can see this now on Binance.
by
Zaguru12
on 15/11/2023, 17:35:49 UTC

You can now trade bitcoin and other crypto with other local traders on Binance and you will meet at a particular place that both of you talked about.
This is just not different from KYC if you trade with bad person. Avoid such physical trading.

This is much more worse than even providing KYC self. I would say this actually defeats one of the main advantages of bitcoin which is privacy and anonymity. This coupled with latest trend of showcasing one’s personal wallet are a threat to one’s security.

Crime always occurs because there is a money motive in it. I think if I had to sell bitcoins to someone offline then I would sell small amounts of bitcoins, because it is too dangerous. For large amounts, maybe online trading is better, and if we use a trusted exchange it is also safe

Even with small amount there is the possibility of your address been monitored, the best is to go full anonymity and avoid KYC exchanges and trade on decentralized ones