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Means "trading from person to person on the Binance platform, which is a feature that allows users to buy and sell cryptocurrencies (such as USDT, BTC, ETH...) directly with each other, without a central intermediary.
P2P
It is an abbreviation for
Peer-to-Peer
Any peer-to-peer

How does Binance P2P work?

A person lists a cryptocurrency for sale, specifying the price and payment method.
(such as bank transfer, PayPal...).