⚠️ Downsides of P2P Trading That Everyone Should Know
P2P seems convenient — you buy crypto directly from another user and that's it. But in practice, it's not so smooth. Here are the key problems faced by traders and newcomers:
👤 1. Risk of Fraud
Fake receipts, canceled transfers, "perpetually busy" sellers. Even with arbitration — it's stressful.
⏳ 2. Time Loss
Finding a reliable counterparty, agreeing on terms, waiting for confirmations — the rate has already run away while you're waiting.
💸 3. Inflated Rates
P2P sellers often set rates higher than the market, especially for popular coins like ETH, SOL, CFX.
🌐 4. Payment Method Issues
Some transfers are blocked by banks, there are restrictions by countries and systems.
📑 5. Limitations and Verification
If you haven't verified — you can't trade. Plus limits, risks of blocking, and suspicions of violations.
💡 An Alternative?
Buy crypto directly on Binance — simple, safe, without intermediaries.
🔥 Buy $ETH, $SOL, or $CFX:
✅ At market rate
✅ Instantly
✅ With a card 💳
✅ Without stress
👉 binance.com
📌 Conclusion:
P2P can be useful, but it's not always convenient. If you value time and safety — buying on Binance will be the best solution.