In the context of Binance, "P2P" stands for "peer-to-peer," a trading platform that allows users to buy and sell cryptocurrencies directly with one another without the need for a central authority or intermediary. Binance P2P provides a marketplace where users can trade cryptocurrencies for fiat currencies (like USD, EUR, etc.) or other cryptocurrencies.
### How Binance P2P Works:
1. **User-Generated Offers:** - Buyers and sellers create trade advertisements specifying the price, payment method, and amount of cryptocurrency they want to buy or sell. - The platform supports multiple payment methods, including bank transfers, PayPal, or even cash in person, depending on the local regulations and user preferences.
2. **Matchmaking:**
- Binance P2P matches buyers with sellers based on their preferences and the offers available. Users can also directly browse and choose the offer that best suits them.
3. **Escrow Service:**
- To ensure security, Binance P2P uses an escrow system. When a trade is initiated, the cryptocurrency being sold is held in Binanceâs escrow wallet. This ensures that the seller cannot run away with the buyer's money after receiving payment. - Once the buyer sends the payment and confirms it, the seller releases the cryptocurrency from escrow, completing the trade.
4. **Dispute Resolution:**
- In case of any issues, such as non-payment or delays, Binance provides a dispute resolution mechanism. Users can report the problem, and Binance's support team will investigate and resolve the dispute based on the evidence provided by both parties.
### Advantages of Binance P2P: - **Variety of Payment Methods:** Supports a wide range of payment methods, which might not be available on centralized exchanges.
## NEVER LIQUIDATED A good trader never gets liquidated, even in the face of severe market fluctuations and manipulations. Hereâs the strategy:
đ **Avoid Liquidations:** - Liquidations are for kids. Always bear this in mind.
đ **Buy the Dip:** - If you buy at a dip and the market goes against you, open a hedge position to protect your liquidation price.
đĄïž **Hedge Wisely:** - Even if the market price drops significantly, you wonât get liquidated. Wait for a confirmed reversal to close your hedge position. đ **Prepare for the Bull Run:** - In the coming bull run, use this strategy because the market price wonât go straight up. đ **Stay Resilient:** - Always remember, liquidations are for kids. Stay disciplined and protect your positions
$ZEN has taken a breakout from its 7$ resistance and now it is heading towards the first target of 13.8$ in a shorter timeframe. Hope Bitcoin doesn't disappoint us. It will rule the Next Crypto Bullrun. We've recorded a 190% profit thus far.
đ„đ„đ„ #Toncoin (TON) to Hit $8 If This Happens, Shiba Inu (SHIB) Is Anemic: Is It Good or Bad Thing? Bitcoin (BTC) at Pivotal Moment Reaching $63,000 1. Toncoin (TON) Outlook Resilience Amid Market Decline: - Toncoin (TON) remains strong despite a bear market, largely due to its integration with Telegram, which supports its growth. Trading at around $7.69, Toncoin is showing positive technical signs. The 50, 100, and 200-day EMAs are all bullish, suggesting an ongoing upward trend. Breaking the resistance at $7.81 could push the price towards $8, indicating strong bullish momentum. Volume analysis supports this, and the RSI at 57 suggests further room for growth before reaching overbought conditions. 2. Shiba Inu ($SHIB ) Performance Diminished Volatility: - Shiba Inu (SHIB) is trading around $0.000017, with minimal movement due to market risk aversion. The weak performance reflects broader #MarketTrends , with reduced trading volumes and low RSI at 34. SHIB struggles to break out of its range, with resistance at the 50, 100, and 200-day EMAs. 3. Bitcoin (BTC) Update Positive Reversal: - #bitcoinâïž has recently surpassed $63,000, indicating a potential upward reversal from its previous drop to $58,000. This positive movement could boost overall market sentiment. Summary: Toncoin shows resilience and bullish indicators, Shiba Inu is struggling with low volatility, and Bitcoinâs recent gains suggest a positive shift in market sentiment. Source - u.today
U.S. stock futures declined on Tuesday after the major averages began the second half of 2024 on a positive note, with tech stocks leading the market's rise. In Monday's regular trading, the Dow rose by 0.13%, the S&P 500 by 0.27%, and the Nasdaq Composite by 0.83%. Technology, consumer, and financial stocks outperformed the market, while materials, industrial, and real estate stocks lagged. Mega-cap stocks showed strong growth, with Tesla up 6.1%, Apple up 2.9%, Amazon up 2%, Microsoft up 2.2%, and Broadcom up 2.2%. In terms of data, the ISM manufacturing PMI indicated an accelerated contraction in the manufacturing sector, with demand and employment declining and price pressures easing. Traders are also anticipating several other key indicators this week to assess economic performance and monetary policy outlook, including the employment report, JOLTS, the ISM services PMI, and the latest FOMC meeting minutes. #VanEck_SOL_ETFS #BinanceTournament #Megadrop #LayerZero #CPIAlert
$GLMR is making a comeback. The way it took support at 0.18$ and quickly came back indicates that this is just the start of another mega rally. 0.35$ will be the next target for this one. Hope $BTC stays bullish too. We saw 450% gains in the last rally. #BinanceTournament #Megadrop
$NOT đđđ đ„đ„Red Zone! đ„đ„ Psychological Anatomy of the Red Zone! After Rejection from 0.0145 In this Zone you don`t need to do anything. Â This is likely the zone where most mistakes are made! Here is where emotions are most intense, the price is below your entry point and you are at a loss but your idea hasnât been invalidated yet! In this zone Itâs common this line of thoughts: âI donât want to lose more, Iâll get out now; Iâm sure itâs going to hit SLâ Â The point here is that our idea or setup isnât invalidated in the red zone but at the stop loss. In the red zone we donât make decisions, If you do youâre breaking your plan and making an emotional decision that leads to more wrong decisions like entering a new trade as a revenge or with the hopes of recovering the losses. If you donât follow your plan and you cut your trades before they hit stop loss âwhich is the invalidation point that you yourself decided- youâll have consistency problems in the long term. #NOTMOONđđđ #psychology #mindest