$BTC Interesting fact:
Let's consider the algorithm for making a transaction using the P2P mechanism of the Binance exchange. First, let's clarify that the abbreviation P2P is an indicator of the peer-to-peer nature of the sales network, when the transaction between the selling and buying parties is made directly, as in the Bitcoin network. The exchange only provides a platform and guarantees the security of the transactions. So, the process will look like this:
The seller publishes a sale offer, where he indicates the price, amount and payment method;
1) If the buyer decides to buy, the transaction is registered by the exchange, and the corresponding amount is frozen in the seller's wallet;
2) The buyer is given a time limit during which he must pay for the purchase;
3) In case of payment, the exchange confirms the payment and unfreezes the assets, which are immediately transferred to the buyer's wallet. The transaction is completed.
Naturally, there may be more complex options for work, but the principle is the same. The cryptocurrency earned in this way can be transferred, for example, to a spot or Earn wallet, the principles of use of which are discussed below.
#1338 #P2P #TrumpCryptoOrder #
$ETH