How to Deposit and Withdraw via P2P: Interface Guide and Scam Warnings

[00:02] this video will be about how to deposit and withdraw money on crypto exchanges using p2p transfers, as well as how this whole system works, how fast and safe it is, all the life hacks and pitfalls that you may encounter, how the

[00:16] interface works, what to click for, and most importantly, why are there so many most importantly, why are there so many scammers here? Sit back comfortably, let's get started. So, since this video is designed for both experienced users

[00:30] and beginners who have never used p2p, I will tell you everything from the very used p2p, I will tell you everything from the very beginning and we will start with the principle of p2p, that is, Peer to Peer or from person to person - this is the process of buying or

[00:42] selling cryptocurrency on the exchange without the participation of an intermediary. Look, there is a hypothetical you who registered on the exchange and wants to deposit 100 usdt. USDT is a kind of cryptocurrency analogue of the dollar, and there is some Sasha who

[00:56] deals with these transfers. People like Sasha are merchants. Anyone can become a merchant. The main thing is to fulfill a certain requirement that the exchange requires. In turn, it provides you with a platform for exchange.

[01:11] There is no exchange commission on some exchanges. We will analyze the example on the Bybit exchange. There is no commission there. Let's say you have 100 dollars on your bank card. You find a merchant with whom you want to cooperate. You can choose them by

[01:25] rating. Then contact him. Agree with him on the amount and transfer your 100 dollars to his bank card. At the same time, his 100 usdt will be blocked on his exchange. Then Sasha will see that the payment from

[01:41] you has been received, confirming this, and his blocked 100 usdt is sent to your exchange. That's the whole principle. The procedure itself can take about 5-10 minutes. With a sale, that is, with a withdrawal of money, the

[01:56] principle is similar. You find a merchant, agree with him on the amount, he transfers his 100 dollars to your bank card. At this time, your usdt will be blocked on your exchange. Then you see that the payment has been received, confirm

[02:10] this, and your blocked usdt are sent from Sasha to your account. What is Sasha's benefit, and Sasha earns? on the difference in rates, that is, its work is a kind of exchanger that is in any large city earning on the difference in

[02:25] purchases and sales. Now I can assume that you have thoughts about Trust in all this, don’t worry, we will definitely worry, we will definitely figure it all out, but Let’s take everything in order, I think

[02:37] we figured out the operating principle. Now let’s do all this in practice and at the same time, let’s analyze the interface at the top of the main page of the exchange, hover over the buy cryptocurrency button and click p2p

[02:52] trading. At the very top there are various settings, but they are not so important to us. First, you need to add your payment method. Click on the p2p user center. payment method. Click on the p2p user center.

[03:07] already added two methods. Name and bank details. I have hidden mine for my own security. Now, click the add button. By default, your country’s banks will already be here because you have passed verification. Yes, if you have not

[03:21] passed verification with a passport, the p2p platform will be unavailable to you. Another piece of advice is to pass verification with documents in Latin, ideally a foreign passport. This is necessary so that in the future you do not have problems with

[03:35] transliteration because the exchange may sign one letter incorrectly. And you will have to contact the support service to fix all this. Well, okay, let's to fix all this. Well, okay, let's go back, select your bank from the list, the first

[03:47] and last name will already be below by default. Write your card number, note that your account number is written here. But this is simply an incorrect translation from English. Here you need to write the number of your bank card.

[04:01] You can ignore the branch or just write your region. Well, copy the name of the bank from the top field, that's all. Then confirm the changes in Google Authenticator. If it is not there, then you must

[04:15] add it in the security settings, otherwise you will not be able to sell the cryptocurrency later. In short, this is an application that generates a six-digit code every 30 seconds. You can download it where you download all the other applications

[04:30] to your phone. Okay, we added the payment method. Let's move on. buy and sell. If we want to top up our account on the exchange, then enable the

[04:42] purchase. If we want to withdraw, enable the sale. Well, everything is logical here. We need to top up, so we click buy, then choose what we want to buy. The most popular cryptocurrency, as I already said, is usdt here you can also immediately

[04:55] buy bitcoins and other coins, but I put usdt Next, in this field, we need to select your currency that you will transfer the currency that you have in your transfer the currency that you have in your bank account for residents of Russia is

[05:09] RUP for residents of Ukraine is VAN for residents of Kazakhstan is KZT where I can’t residents of Kazakhstan is KZT where I can’t find it But well, everything is clear here Yes, after you have selected your currency, you can write your amount here this

[05:23] you can write your amount here this way you that, click on the payment method and select the bank that you have If you

[05:35] select another bank, the merchant may refuse you the transaction since your funds from the conditional bank A will be transferred to the merchant’s bank B. So, choose a merchant with the same bank As you have above We see that

[05:49] the names of banks have changed on the exchange, for example, the Tenkov bank is now called Local Card Yellow. This is just that some banks had to change the name to continue working here. The new name of your bank on babbit is easy to google,

[06:03] then select your bank. You can select several if you have several payment methods. Confirm now that there are merchants left that work with your bank, then we can enable updating the lists, since the statistics and the currency Cruz are

[06:17] constantly changing. I set mine without changes. Now let's move on to the criteria for choosing the merchant themselves. The main information for each is in this row. And in the columns there is information such as nickname, price, that

[06:31] is, the exchange rate, available limits, the bank with which it works. And is it available to you, that is, can you cooperate with it? One of the most important selection criteria is the presence of this branded checkmark next to the nickname. If you

[06:46] hover over it, a short description will appear. This checkmark is given to the most reliable merchants who have been registered for a long time, who have made many transactions and who have the fewest complaints. If you see a similar checkmark or an emoji in

[07:00] the form of a smiley face with rocket lips, then you should know that this is not a confirmation of a good status, but you also need to understand that a person without a checkmark is not necessarily a fraudster or a bad merchant. This may well be a newbie who has conscientiously

[07:14] started to engage in p2p exchange but has not yet grown to a certain status. Clearly, Yes. Next, we look at the number of transactions carried out. You see, there are transactions. This is a good indicator. I advise choosing a merchant

[07:30] who has completed more than 500 transactions. Newbies. Sorry, but are you the viewer? Imagine how difficult it is for a newbie to achieve good results. Next, we look at the percentage of completed transactions. In general, they advise not to deal with merchants

[07:44] who have less than 80%. I advise you to choose at least 95% successful transactions. This rating is calculated for 30 days and means that over 30 days there were 999 successful transactions. This is a good indicator. Just below you can

[08:00] see how much time the merchant allocates for a transaction. Here, 15 minutes. Basically, all merchants choose 15 minutes. During this time, they and you must transfer money and confirm all transactions. If you do not have time or something else, then after

[08:14] this time, the order will be canceled. In practice, this entire procedure takes plus or minus 5 minutes. If you choose a merchant with a longer time, an hour or two or three, then you will have to wait all this time. I think this will not be very convenient.

[08:29] For you, you see, this one completes within 30 minutes. Next, We see the exchange rate, this is how many rubles per unit and please do not fall for low rates, otherwise you risk

[08:41] not seeing your money because scammers like to lure you with sweet low rates. In general, the exchange rate for both purchase and sale will always be higher on the exchange than in your country, so don't worry, this is quite

[08:56] country, so don't worry, this is quite natural. Next come the limits. The first row is the available amount for the merchant, and the second row is his limit. This particular merchant makes transactions from 500 rubles to 700,000. There are merchants that have high

[09:11] limits, so as I said earlier, write your amount here to sort out unsuitable ones. Next, the banks with which he cooperates are listed. And is this merchant available to you or not? Yes, it may be that some merchants are

[09:26] rating. If you do not meet his criteria, as you see here, you have few transactions per month, he needs more than sixty. Either you have been on the exchange for less than a month, or you have a low percentage of completed orders,

[09:41] low percentage of completed orders, etc. In this case, we are looking for another one. I will immediately warn you that if you are a beginner and you have few transactions, then It won't be easy to find a good merchant right away, but to speed up your search, go to the filter, check the box for

[09:56] verified ones, write another small amount of 10,000 rubles, and select a bank. Don't forget, look, there are good ones that meet all your criteria. You can also select a merchant that supports block trading, but there are

[10:11] amounts from 100,000 dollars, and the verification of such merchants is very strict. You without the required verification. But this is without the required verification. But this is not safe. Well, here we are,

[10:27] completed orders, about completed ones, and by time limit. You see here, some have a 30-minute limit. Well, at the first stage of choosing a merchant, we've finished looking at all the information about him in more detail and

[10:40] click on his nickname. Here we see all the information about his work. The number of executed orders, how many purchases, how many sales, the percentage of execution, his rating, which is like likes and dislikes, he has a very good rating and the average

[10:54] very good rating and the average transfer time is 1 minute. This is also very good. It happened that I sometimes waited for 20 minutes. At the same time, they all They haven't answered me in the chat yet, I'll say it was very exciting, especially when I transferred money to their

[11:06] card. But thank God that after 20 minutes he finally answered and confirmed the transaction, and as a result, I received my cryptocurrency. I already wanted to write to the support service for fraud. Oh well, by the way, you can subscribe to him here

[11:20] if you liked him. Well, in order not to lose him, just below we see what limits he has for purchases on which banks, and below we see which ones he has for sale. And the last thing you can look at here is the reviews. We are especially

[11:34] interested in the bad ones, there are five of them, e.g., slow and rude. In principle, there is nothing bad here. He was slow with someone. But here you need to take into account the human factor. Either his internet connection could have been lost for a while, or competitors

[11:49] are operating. The support service checks all these comments and deletes unfounded ones. If you simply write that this person is a scammer, but do not provide any evidence for this, your comment will most likely be deleted. That's it.

[12:03] Now we begin the second stage and the purchase itself. Click here on purchase or on the main page of the merchant we liked, it doesn't matter. And now, probably, the most important thing is to read this. Here is a brief description that it

[12:17] accepts payments only from the first person, that is, from the name and card number that is specified in our payment method, but accepts payments to third parties not to our card. Here we come to the topic of fraud. The most popular method

[12:32] of divorce is the so-called triangle. That is, when there is a third party, look, we transfer funds not to the merchant's card, but to drop cards. Drops are some kind of trusted persons of the merchant, they can be anyone: Mom, Dad, Brother, Sister, Wife,

[12:48] Friend, and so on. In principle, there is nothing to worry about because, for various objective reasons, different banks in different countries may have different limits on transfers or on the number of transactions. Therefore, we

[13:01] have to use drop cards, but in this case we are faced with one problem. Look, when everything is fine, we transfer money to drop cards in USD, it comes to our account. Okay, no questions here, but what will happen when we

[13:16] transfer to the drop card? And the USD never comes, and there will be a very bad situation. The fact is that when we submit An appeal to the support service. The support service will require a receipt and a video showing that we did not create this receipt

[13:31] in Photoshop. When they see that you sent money not to Sasha, the merchant, but to some Marina, who is not on the exchange at all, it will be very difficult to prove your case. will be very difficult to prove your case.

[13:46] correspondence will be stored in the exchange chat; you cannot delete or edit it. The merchant will tell you the go to a chat in Telegram, Viber, or another third-party service, then you can safely

[13:59] cancel this transaction; in this case, it will be impossible to prove your case. Ideally, it is better not to transfer funds to drop cards at all. But transfer only to the merchant's card. In this case, you will have

[14:11] proof that you actually transferred your money to this person, and then the exchange will decide what to do with it. I repeat, drops can be very decent people, especially with a high rating. But if you come across a merchant

[14:25] who, for example, has 10 transactions, and on top of that, 50% of the completed ones, then Believe me, it's better not to go there. I think it's clear with this. There are generally many methods of fraud that deserve a separate video, but our video is about something else. Let's move on

[14:42] because my rating is low and I top up with a small amount. I only have a choice of drop cards. It's like a top up with a small amount. I only have a choice of drop cards. It's like a choice of merchants. In addition, only drop cards. And if you top up with a

[14:56] large amount, you can find a merchant without drops, but it's scary to transfer a large amount at the beginning. Try it like I did. First, for example, buy 10 USD. I write the amount I will transfer and automatically in the field below it tells me the amount in USD that

[15:12] I will receive. Here in the description it says that the person does not accept payments from third parties, that is, you only need your account that is on the exchange. And he himself accepts payments on drop cards and also requires a receipt for payment, but his rating is

[15:26] a receipt for payment, but his rating is good. 187 six transactions and 98% completed. Okay, we read this warning, confirm and we are transferred to the next page. At the very top, you can see

[15:41] the timer, exactly these 15 minutes. During which we need to fulfill these conditions, transfer the money, click on the button. And if you do not click the button after the time has elapsed, the order will be canceled. Also, in this chat, it is written that the support service employees

[15:57] have a blue checkmark and communicate exclusively in the exchange chat. If someone writes and calls you through other messengers, know that this is definitely not the support service. So, the merchant sent the drop cards in the chat. Now I need to copy the

[16:12] card number, go to my online bank and make a regular transfer by card number or through iban if the merchant has such a condition, and be sure to save the payment receipt if you do not know how to save the payment receipt in your

[16:26] bank. Watch the training video on YouTube. Just watch this in advance before starting trading, otherwise you will not have time and this timer will run out, and then as a result you will have a bad rating. God forbid, go back to

[16:39] the exchange where the chat is, click on the plus sign and upload the receipt in pdf format. You see, the receipt has been uploaded to the chat. Now you need to select your bank from which transferred confirmation button, here we check all the information, tick all the boxes and do not

[16:56] forget to indicate the amount that was transferred, we confirm it now remains to wait for the merchant to confirm the receipt of the payment and also press the receipt of the payment and also press the consent button and transfer us 10 usdt. In the meantime,

[17:09] I will go to the financing account and show that I have 47.7 usdt in the account, our usdt will come here to the financing account. You see, a

[17:21] message arrived that the transaction was successfully completed in the chat, the merchant put a plus sign, I think this means that everything is fine, we will go back to the financing account and go back to the financing account and see that we have 10 usdt more, we will

[17:35] go back to give him a like. Since I was satisfied with everything, you can also like this video, as it is very useful, and also subscribe to the channel so as not to miss similar videos and comments. Do not hesitate to leave

[17:50] if something is unclear, or with words of gratitude. I will be very pleased to read them. Well, in general, I give him a like, you can choose tags, you can write your comment, and if you put it here The comment will be anonymous, but not for the

[18:05] support service, they see who wrote it. I don't want to write. I confirm, that's basically it. Cryptocurrency is bought via

[18:19] is, withdraw the product at the merchant's choice. It's exactly the same, only now we press the sell button, select the tank, apply all the filters, press sell, we wrote the amount here in the Information about drop cards, nothing is

[18:35] indicated here. The situation is just a little different regarding the scam. Look. Now the merchant will transfer money from his card to your card, and here you will also come across drop cards. The two most popular scams are when they

[18:51] send you a receipt in the chat that the merchant has made a payment and asks you to confirm this transaction. It is very important not to confirm the transaction until the funds are credited to your bank account. They can send you checks and a

[19:04] receipt, but until the funds are credited, do not confirm the transaction under any circumstances if you confirm it. Confirm your USD, they will go to his account, and the funds may never reach you because The checks may turn out to be fake.

[19:20] As for drops, the situation is much more dangerous here, because again, some rogue Marina can transfer money to you and then demand that the bank cancel the payment because she made it by mistake. And when

[19:34] you try to prove that Marina is connected with Sasha, you'll get fed up with writing to support. And if there is a large amount, well, the matter may even go to court, but that's a separate issue. Ask the merchant to write the card number and

[19:48] Marina's details in the exchange chat. In this case, you will have at least some evidence in front of technical support. By the way, technical support can take a very long time to respond and sort out your case. It may take several days until they check everything there. But

[20:03] let's get back to the sale. Let's trust this merchant. Also, select your bank and click sell. Now we are waiting for the money to come to us. Our USDT exchange has frozen it in case the money comes to us and we don't confirm it. Now I

[20:19] opened my bank's application on my phone and am waiting for the transfer notification. I repeat, we press the transfer button only when We saw money in the account so that you don't have to tell us what checks they didn't send, we don't confirm it, otherwise you might regret it.

[20:33] So, in the merchant chat, there's a signal that he sent the money. I'll go and check at the bank. Yes, indeed, the money only came from some idea, Direct. Well, God bless him, I think everyone. Everything is clear. You can always ask in the chat

[20:49] who will transfer the funds. If you don't want drops from the card, cancel the order or just ask to write who will transfer since the money came to me. I click transfer, read these terms and conditions, I agree. I confirm again. I

[21:06] confirm and at the end we need to enter the same code from Google the same code from Google authenticator. I enter the code. Everything is successfully closed. Let's give him a plus in the chat too. Well, and we'll give him a like too.

[21:20] give him a plus in the chat too. Well, and we'll give him a like too. financing account and see that we have 12 usdt less because

[21:32] we just transferred these 12 usdt. Everything is okay. Well, that's how the analysis turned out. I tried to cover as many topics as possible. Well, no There are still many topics that can be discussed, for example, like When

[21:46] you fall for a scammer, what types of fraud exist? What to do if you received dirty cryptocurrency or transferred funds to a terrorist's card, and many, many other topics. By the way, this can be discussed in the comments

[21:59] if anyone has encountered such a situation. Or ask your questions and I will try to answer them. By the way, for the most popular comment, you can get 5 usdt. The conditions for how to do this are in the description under the

[22:13] video and don't forget to like this video and subscribe. Also in the description there will be links to the crypto exchanges where I trade. By following my links and registering on these exchanges, you are guaranteed to receive discounts on

[22:26] trading commissions and bonuses. For registration, links to my videos on how to register, I will also leave in the description. Thank you all for watching, description. Thank you all for watching, see you in the next video. Bye everyone.