START WITH P2P💲💲
✅ What is Binance P2P trading?
Binance P2P is a peer-to-peer marketplace that allows you to trade cryptocurrencies directly with other Binance users in the local currency, at the price and with the payment method of your choice. Binance P2P also focuses on protecting all users through additional security layers and 24/7 customer service. You can buy and sell on Binance P2P online and on the Binance app.
✅ How does P2P trading work?
The offers you see on Binance P2P are provided by other Binance users, and some come from more experienced P2P merchants verified through the P2P Merchant Program. The P2P Merchant Program was launched to add an additional layer of trust to the P2P marketplace and protect users against common P2P scams. You can identify a verified P2P merchant by the yellow badge next to their username.
The platform provides users with easier access to cryptocurrencies with over 800 supported payment methods. Users can choose from a wide range of preferences for receiving/sending payments.
For a complete presentation and explanation of key terms, refer to the Binance P2P Beginner's Guide.
✅ As a P2P trader, how am I protected?
Binance P2P has implemented escrow services for all trades, ensuring safe and fair trading. When an order is created, the amount of cryptocurrency traded is automatically reserved with Binance's escrow service and is only released when the transaction is successfully completed on both sides. This process ensures that all trades are handled professionally and that no amount is held from buyers or sellers. To learn more, read the article How am I protected as a P2P trader?
✅ Get started
All Binance users must complete identity verification to access Binance's product and service offerings, including P2P trading. Before trading P2P, you must enable SMS verification and at least one A2F device (email, Binance/Google Authenticator, or security key). This ensures that users are conducting the transaction themselves.
✅ What are the transaction fees on Binance P2P?
Binance P2P may charge transaction fees to takers/makers for each executed order. Fees vary according to the market. To learn more about transaction fees, please visit the Fee Overview and Transactions page. Please also note that your payment service providers may charge additional fees.
NB: ✅ always write to the seller/buyer and wait for their response before making the payment
✅ Choose verified sellers/buyers with high transaction rates nearing 95%
✅ In case of non-compliance with seller obligations (i.e., releasing the cryptos within the specified time), activate disputes and provide the relevant documents
✅ Always verify that the payment has been made by the buyer before marking the order as paid
✅ Be very cautious when conducting a P2P transaction as there is no going back once you mark the order as paid when it hasn't yet been.
Good luck dear CRYPTOWINNER 🔥🔥