Post
Topic
Board Beginners & Help
Re: Avoid trading crypto in real person. You can see this now on Binance.
by
Nwada001
on 15/11/2023, 18:26:51 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.

I have not seen this option yet in my local P2P option, and even if it's available, I will not use it. I'm not a strong supporter of F2F trade.
 
Some months ago, there was a thread with a question about whether using F2F or an exchange P2P trade was more preferable. For those who already don't have any accounts with any exchange and have not passed KYC before and are concerned about their data, most of them were advised to use an exchange platform that supports users in negotiating their means of exchange, and F2F was part of the best option recommended.
 
In a safe society where violence is less, one can consider dealing in such, but in this cruiser society that we are into, I don't see such an option safe at all unless it's with someone you have dealt with before, and if you are the one sending crypto, it will be advisable to choose an open area where the trade can go on successfully, making sure no harm can come to you. One reason why most people consider it safer is that it's mostly done using cash payments, which can't be traced or tied to any one's identity, but then again, we don't know who is who and the motive of the person who is coming to buy from us.