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 criminalsBinance Client Executives Kidnapped, Forced to Empty Crypto WalletYou 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.
Meeting them in a place or at your home is not a great idea at all, I heard news before where they get into his house and take all his crypto, since you have no choice, my suggestion is to use the features of the exchange to sell your crypto since dealing with them in person can go wrong, don't think about the small fee's that will be charge, instead think of the convenience and safety of your money and family in the first place, since during this days some people will do anything for money , even taking lives for it.