Basics to Consider When Trading Cryptocurrency on the Binance Peer-To-Peer (P2P) Platform | Binance Blog

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Binance P2P makes buying and selling crypto simple, fast and secure. If you’re new to the platform or if it’s your first time hearing about it, you’ll want to read the blog below. All the basics of P2P, explained ⬇️

When choosing an offer, read the trading requirements of the seller or buyer who posted the advertisement carefully.

The trading conditions may indicate a specific bank for the transfer, a request for special comments when making a payment, the need for additional verification, and so on.section of the advertisement. If you are buying cryptocurrency, this is the time within which you must make the payment. If you are selling cryptocurrency, then this is the time during which the buyer will have to complete the payment.

To avoid delays from interbank transactions, buyers are recommended to make payments from the same bank as the seller. You can view the preferred payment method in the advertisement terms.According to our platform rules, Binance P2P forbids using third-party payment accounts for payment. You must be the original owner of the payment sent to the seller.The Binance P2P platform uses an escrow system to keep your assets safe; funds are held until payment is completed.

All the information will make up your trading conditions and be displayed in your sell advertisement.Many orders are often canceled as buyers can’t contact sellers for clarification before payment.

 

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