Hello everyone.
I want to know if I can send and receive money on my monzo account for binance p2p.
I used to do it with my Revolut but it caused problems such as restrictions. I can show sources of all money on binance. What is the way to use monzo for binance p2p currency exchange? (buying and selling usdt, using the GBP). I am open to have a self employment and pay taxes as well.
It’s all the same process, the problem you generally find is the fraud on binance causing the review.
Fraudster takes over someone’s bank/account, trades on binance to innocent party.
Bank/account owner realises, calls bank, triggers alerts down the path and end user goes under review.
Just transact how you usually transact and what will be will be.
Don’t use Binance P2P. You open yourself up to huge risk with the only possible benefit being you might get away with not paying your taxes…
The stories you read online about frozen accounts after P2P are when you are sent stolen money in exchange for your crypto - this will probably be reversed leaving you out of pocket likely with a closed bank account and maybe even a marker which will take ages to dispute
Coinbase, Kraken are regulated in the UK and you will have a smooth ride using them
I haven’t accepted any third party payment. Generally the restrictions were coming as soon as the money arrived, I mean in a second after the payment.
As you know, when you buy and sell usdt, you have many transactions per day in and out. I think this is triggering the system… but thank you for your answer 
Do kraken and coin base have p2p to buy and sell?
Why P2P when you can sell directly to those exchanges and not have your bank wonder why some random person paid into your account?
This topic was automatically closed 180 days after the last reply. New replies are no longer allowed.