Considering investing on bitcoin, I have some questions. First and foremost, how can we keep the trade safe enough? I'm living in China and as everyone knows, it's not legal to trade here. I can top up of course but there's no way to withdraw and convert to CNY in any exchange. The P2P transaction can be detected by the bank and my account will be blocked, so I dare not use this way to trade. Anyone has some suggestion?
How will the bank uncover that the money transferred into your account by a client through P2P trading is from bitcoin transaction without a crypto word attaching the transaction?
P2P as I know it in CEX it only demands the buyer of your coins to transfer the amount in fiat from his bank account to your own bank account as every other regular fiat transactions between different bank accounts holders.
The bank can only detect when the buyer while transfering the money to your account had to use crypto related words or symbol in the transaction description. So all you have to do is to ask the sender to not use crypto related words.