Quote from: _act_ on Today at 04:41:58 PM

This has just began on Binance and this is what will be happening on other exchanges.

We can see recently how robbers attacked bitcoin and other crypto users and this is becoming common. These are two recent ones:

Swedish Bitcoiners targeted by armed criminals
Binance Client Executives Kidnapped, Forced to Empty Crypto Wallet

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.

Face to face trading is really risky no matter what kind of currency or trade we are dealing. There are bad people who exploit this kind of system and do harm to the people who wanted to trade their items or currency face to face.

This is not only limited to Bitcoin but also to those other transaction that involves a huge sum of money. there are even news of people missing after they meet up with the buyer of their cars or other expensive stuff.

I always believe that it is safer if we can avoid meeting up with the other party and just use reputable escrow or third party mediator for the transaction. What is anonymity if our personal security is at risk. We should always prioritize our own safety than anything else.

Quote from: Hyphen(-) on Today at 09:00:52 PM

I think these are signs for us to keep avoiding centralizing exchanges because of trust issues. It cannot be possible for me to have money and still have no rest of mind because of where I saved or kept my money. I will be using exchanges for just buying crypto and selling them to fiat, but keeping my bitcoin will always be done in my Electrum wallet.

Same here, I would rather choose the P2P method of Binance than meeting up with stranger to make a P2P transaction. But of course, our cryptocurrency that we intend to hold should not be stashed on exchanges, because they are not made for stashing our coins. Besides it is always better to have our cryptocurrency stashed to an address that we have full control.