Post
Topic
Board Trading Discussion
Re: What is your preferred method of converting bitcoin (or other crypto) to fiat?
by
boyptc
on 31/05/2024, 23:47:41 UTC
Peer to peer trading is the most convenient mode for me to convert the cryptocurrency to fiat currency. I mean I have been using it since 2017 and never faced any significant challenge. Yes there are risk factors involved. But if you know how to find a reliable person to trade with, you should not face any challenge.
I agree, you only need to see some signs if the person you're trading with has got some red flags. But if you've been trading in the p2p for how many years, you'd notice some slight info that shall stop your trade.

And you'd only do this on a reputed p2p platform.

People need to be very cautious about the pricing being offered. The highest pricing quotation may not be safe every time. Rather look for rating of a trader and the time of the last trade.
+

Look at the rates and trading history instead.