📍With Binance P2P (Peer-to-Peer), you can buy and sell crypto directly with other users without having to go through a bank or an exchange order book.
Binance, on the other hand, acts as an escrow service to keep transactions safe. 🔐
📚This is how it works: Important Things to Know About Binance P2P
1. Buy and sell right away People who are selling crypto (like BTC, USDT, BNB, ETH, etc.) will sell it to you. You can also sell your crypto to people who want to buy it. 🔄
2. Protection through escrow Binance keeps the seller's crypto in escrow until you confirm payment when you buy. Binance only gives you your crypto back after you confirm that you got paid. ✅️
3. Different ways to pay Depending on where you are, you can use bank transfer, mobile money, or other local payment methods. 💳