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'm just hearing this for the first time; it appears to be a new invention in the exchange, but I'm not sure what the motivation is. What do they need to discuss when transacting via p2p that they can't do on the exchange chat app? This makes no sense to me. This has not only compromised your online privacy, but it has also compromised your physical privacy. The world is a cruel and insecure place to live, exposing your physical self and worth to anyone is not ideal. This will end up putting your life at greater risk than the money you saved in the exchange. If this is how it works, it isn't even worth considering. Stay away from exchanges, they’ll keep demanding to know more and more about you at the expense of your privacy and safety.