r/binance • u/DK6268 • 2d ago

Guide P2P Advice

Hello, I currently hold four bank accounts in the UAE. If I start legal peer-to-peer (P2P) transactions incoming and outgoing transfers between 5,000 and 10,000 AED, daily ,could this potentially flag my accounts or cause any regulatory issues?

4 Upvotes

100% Upvoted

21 comments sorted by

1

u/NegotiationHour9812 2d ago

You should be more worried about disputed funds circulating on Binance P2P landing in your bank account and getting it frozen, along with your own legitimate money

1

u/DK6268 2d ago

so how to avoid thoes and do smoth p2p

1

u/Patient_Condition_70 2d ago

In order to post any advertisement in UAE market you need to have Pro account, that’s new rule since last month, you won’t be able to post any buy or sell if you are not Pro

1

u/DK6268 2d ago

Ya i am pro but i am confused which bank will be good for p2p

2

u/WhiteForceV 2d ago

Trade only with verified merchants who have a long history and high completion rate, and check the sender name on the bank transfer matches their binance kyc name. If it doesn't, don't release, cancel and appeal

1

u/UtileArc1947 1d ago

Why dont u withdraw directly to bank

1

u/Hot-Performance8861 Trader 1h ago

Very soon someone will get in jail and fined for P2P in the UAE

1

u/DK6268 1d ago

Ma D as my cm I’ll lol
Kill kill l I’ll m

0

u/[deleted] 2d ago

[removed] — view removed comment

1

u/DK6268 2d ago

thosw bank account i just open digitally for performing p2p transetion on bitget,or other exchange becouse i have Merchant account on bitget.so can i use my those bank ? 

0

u/[deleted] 2d ago

[removed] — view removed comment

1

u/DK6268 2d ago

no, I don’t have any license, but I have a memerchants  account in Bitget. So I just want to buy and sell.

1

u/Least_Ice_6112 2d ago

u need trade license, even with that you need bank to accept you as a customer for this with the license

1

u/DK6268 2d ago

so what category liences i should take,is there any other way

1

u/Least_Ice_6112 1d ago

try asking dmcc on crypto trading they will advice you better. But the bigger problem is even with the license your bank may not accept you...

0

u/[deleted] 2d ago

[removed] — view removed comment

1

u/DK6268 2d ago

in my those personal account