Buying and selling cryptocurrencies via the P2P platform on Binance:
It is a process of exchanging cryptocurrencies directly between users (peer-to-peer) through the Binance platform, without the need for a central intermediary in the trading process. The Binance platform provides a P2P (Peer-to-Peer) service that allows users to buy and sell cryptocurrencies like Bitcoin, Ethereum, and others in a direct and secure manner.
How does P2P work on Binance?
Customer choice: The user selects the cryptocurrency they wish to buy or sell through the P2P platform.
Search for offers: Browse buy or sell offers from other users, while viewing the price and available payment methods.
Conducting the transaction: Both parties agree on the price and payment method, and then the transaction is confirmed on the platform.
Payment completion: The buyer is obligated to transfer the amount to the seller's account via the agreed method.
Proof of payment: After receiving the amount, the seller confirms the payment on the platform, leading to the release of the cryptocurrency to the buyer.
Transfer to the owner: The transaction is successfully completed, and the transaction record is updated.
Features of the P2P platform on Binance:
Security and reliability through an escrow and arbitration system.
Diverse payment methods to suit users in different countries.
The ability to buy and sell cryptocurrencies easily and transparently.
Technical support and protection features for users.
Would you like to know specific steps or important tips when trading via P2P on Binance? Follow and ask in the comments.