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What happens if you transfer excess money in a P2P operation on Binance?
P2P (peer-to-peer) trading operations on Binance are a direct and convenient way to buy and sell cryptocurrencies between users.
However, errors can sometimes occur, such as transferring more money than agreed during a transaction. In this article, I explain what happens in these cases, how Binance acts, and what steps you can take to recover the surplus.
What happens if you transfer excess money?
In a P2P operation, when a buyer transfers excess money to the seller, and the latter releases the cryptocurrencies by closing the order, the transaction is considered technically completed.
However, errors can sometimes occur, such as transferring more money than agreed during a transaction. In this article, I explain what happens in these cases, how Binance acts, and what steps you can take to recover the surplus.
What happens if you transfer excess money?
In a P2P operation, when a buyer transfers excess money to the seller, and the latter releases the cryptocurrencies by closing the order, the transaction is considered technically completed.
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Why does Binance penalize arbitration with third-party accounts in P2P?
Arbitration is a common practice in the cryptocurrency market, which consists of taking advantage of price differences between platforms to obtain profits.
However, on its peer-to-peer (P2P) trading platform, Binance discourages and penalizes the use of third-party accounts for this purpose. This measure aims to ensure security, transparency, and compliance with regulations.
Let's examine the reasons behind this policy and its impact on users.
What is arbitration in P2P trading?
However, on its peer-to-peer (P2P) trading platform, Binance discourages and penalizes the use of third-party accounts for this purpose. This measure aims to ensure security, transparency, and compliance with regulations.
Let's examine the reasons behind this policy and its impact on users.
What is arbitration in P2P trading?
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Bitcoin: How it works, its network, and why it is reliable
Bitcoin, the first cryptocurrency in the world, has transformed the way people understand and interact with money.
Since its creation in 2009 by the enigmatic Satoshi Nakamoto, Bitcoin operates on a decentralized network that has revolutionized traditional financial systems.
But how does this digital currency work, what type of network does it use, and why is it considered reliable? Here we will explore these questions in an accessible and detailed manner.
What is Bitcoin and How Does It Operate?
Since its creation in 2009 by the enigmatic Satoshi Nakamoto, Bitcoin operates on a decentralized network that has revolutionized traditional financial systems.
But how does this digital currency work, what type of network does it use, and why is it considered reliable? Here we will explore these questions in an accessible and detailed manner.
What is Bitcoin and How Does It Operate?
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The Legal Framework for the Creation of Exchanges in Argentina
In a global context marked by technological revolution, cryptocurrencies emerge as an alternative to the traditional financial system.
Argentina, in particular, faces unique challenges, such as a crisis economy and changing restrictions, which has driven the demand for these digital assets.
However, the creation of a cryptocurrency Exchange in the country faces significant legal and tax challenges.
Let's explore the Argentine legal framework for these businesses, their impact, and the relevance of cryptocurrencies as investment and savings tools.
Argentina, in particular, faces unique challenges, such as a crisis economy and changing restrictions, which has driven the demand for these digital assets.
However, the creation of a cryptocurrency Exchange in the country faces significant legal and tax challenges.
Let's explore the Argentine legal framework for these businesses, their impact, and the relevance of cryptocurrencies as investment and savings tools.
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The Legal Framework for the Creation of Exchanges in Argentina
In a global context marked by technological revolution, cryptocurrencies emerge as an alternative to the traditional financial system.
Argentina, in particular, faces unique challenges, such as a crisis economy and changing restrictions, which has driven the demand for these digital assets.
However, the creation of a cryptocurrency Exchange in the country faces significant legal and tax challenges.
Let's explore the Argentine legal framework for these businesses, their impact, and the relevance of cryptocurrencies as tools for investment and savings.
Argentina, in particular, faces unique challenges, such as a crisis economy and changing restrictions, which has driven the demand for these digital assets.
However, the creation of a cryptocurrency Exchange in the country faces significant legal and tax challenges.
Let's explore the Argentine legal framework for these businesses, their impact, and the relevance of cryptocurrencies as tools for investment and savings.
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