Re: Avoid trading crypto in real person. You can see this now on Binance.
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.
It is now real on Binance. This is it:
It is the forth one which cash trade crypto in person via cash is.
It is very bad that exchanges will make this happen. There should not be anything like this. I am also advising people not to use it if they want a private and protected life for themselves.
I have noticed Binance p2p traders are not very concerned about their privacy, some traders add their phone numbers in their p2p “terms of trade” or request the other party to share their phone number before initiating trade, they claim this is to enable a faster transaction.
I don’t blame centralized exchanges for having this option, afterall it’s only one option out of many. But it does seem strange for Binance to have such an option because it means Binance will not be acting as an escrow in the transaction. Anyone who chooses to take this route does so at his own risk. I don’t see the advantage of having a f2f transaction especially if it is a large amount. No legitimate person would risk carrying that huge amount of cash around.