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What is Binance P2P trading?
P2P trading is a platform that allows users to buy and sell cryptocurrencies directly with each other, without intermediaries, using their own payment methods (bank transfers, PayPal, etc.). Binance only acts as an escrow to ensure that the transaction is secure.
How does it work?
Posting ads: A user posts a buy or sell ad, setting the price and payment method.
Selecting the ad: Another user accepts that ad and the transaction begins.
Escrow: Binance temporarily holds the seller's cryptocurrencies.
Payment: The buyer makes the payment via the agreed method (outside of Binance).
Release: Once the seller confirms they received the money, Binance releases the cryptocurrencies to the buyer.
Advantages
Multiple payment methods.
No trading fees.
Flexibility in prices and amounts.
Security with the escrow system and user verification.
Recommendations
Always verify the user's traceability (level, successful transactions, etc.).
Never release crypto without having received the money.
Use only secure and verifiable payment methods.
If there are issues, you can open an investigation with Binance and their team will intervene.
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