Biggest risk of P2P trade
Biggest risk of P2P trade
We already know how dangerous centralized exchanges can be = not your keys not your coins
But what are your most dangerous risks of P2P trade?
And how can we avoid it?
I think over 10 years ago I did the P2P and didn’t have issues. I think both the buyer and seller were cautious of one another. However I would never do P2P again and would much rather just KYC because its just too much work.
You need to pick a time, a place and you can’t deal with large amounts the first time. Not a good way to buy/sell tons of money. Hence when exchanges started to come out I just used them and got the money sent into my bank account. Much safer and quicker.
So far, I have not faced any problems with p2p transactions on a centralized exchange. For me, as long as you know the rules and policies that must be followed, I don’t think you will fall for the bait of exploitative people who use phishing methods to scam.
That’s why intelligence is needed here, and you should also learn to be sensitive to the actions and movements of hackers who often use phishing links that you thought were still your platform, and what you see turns out not to be anymore.
you only follow instruction in p2p site
example you use binance p2p you only follow bnance p2p rules,
if youre money not ready in youre hand dont send youre coin stll pending after buyer send youre money
never let go of a coin, until the money is in your account