Hello guys, I am planning on becoming a P2P Merchant, is it legal to earn money by doing it? And if it is legal, in under what type of category should I put on the business permit? So that the bank won’t freeze my account?


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4 Comments

  1. FrontBrandon on 4. April 2022 at 11:49

    For me, in Canada, they will absolutely 100% freeze your account don’t even say the word crypto. Better yet, you’ll have to make sure with your client that they don’t use any crypto words either when you’ll transfer money with them.

     


  2. ZER0S- on 4. April 2022 at 11:49

    I’m in the UK and have lost every single bank account I’ve ever used for p2p transactions. Wouldn’t recommend, especially when someone can chargeback

     


  3. Annababy520 on 4. April 2022 at 11:49

    https://www.binance.com/en/support/faq/7a49148912214defa816f14ee51b9f9f

     


  4. Annababy520 on 4. April 2022 at 11:49

    I don’t know where you are from.

    But most merchants avoid sensitive words related to cryptos. If your bank doesn’t support cryptos, you’d better switch to another bank. P2P merchant is a good idea and it’s a profitable business.