🟢 Then the #BinanceP2P platform was launched in 2019, and was created to enable peer-to-peer currency trading transactions using local currencies. This service is a peer-to-peer trading marketplace that allows you to trade cryptocurrencies directly with users
Connect with others using your preferred local currencies, rates, and payment methods.
🟢With #Binance facilitating the process and providing some guarantees, the peer-to-peer trading process has improved dramatically. Today, the platform has become the easiest gateway to accessing cryptocurrencies with more than 100 local currencies available to users and more than 700 flexible payment methods.
🔥 Advantages of trading on the Binance P2P platform?
🟢 Binance P2P directly addresses some of the risks previously seen in peer-to-peer trading. With the advantages of trading on the Binance P2P platform, the process has become much simpler for new and old traders alike.
🟢 Escrow: Binance P2P has a custody mechanism for any cryptocurrencies in the transaction. This escrow service adds another layer of protection that comes with using Binance P2P. Using an escrow service reduces the possibility of theft and fraud and prevents third parties from stealing your assets without completing their part in the transaction.
🟢 No fees: In addition to all of this, one of the biggest advantages of the Binance P2P platform is its no-fees policy for patrons. Unlike other peer-to-peer trading platforms that profit from every peer-to-peer trade, Binance does not. Rather, you, as a beneficiary, can trade freely without having to pay any fees.
🟢More than 700 payment methods: Binance P2P offers a wide range of payment methods, which means that most users will be able to find a suitable way to use the platform. Other platforms usually offer a small number of payment methods, making the process inaccessible to potential users.
🟢 Transaction Speed: With the Binance P2P platform, long waiting times are a thing of the past. It is now possible to complete transactions as quickly as 15 minutes for select merchants, while still enjoying the security of the Binance platform.
🟢24/7 Customer Support: If you encounter any problem when trading peer-to-peer, Binance is always there to help you. Binance can receive customer assistance requests in many different languages with its global customer support network/
Notes you should know:
🟢If you encounter any problems during the transaction, you can communicate with the buyer directly using the [Chat] window on the right. You can also click [I have a question] to contact the platform's customer service staff for assistance.
🟢 Always ensure that buyer payments are received in your bank account or wallet before releasing cryptocurrencies.
🟢 We recommend logging into your account to check whether payments have already been added. Don't rely solely on SMS or email notifications.
🟢 Do not agree to any request to release cryptocurrencies before confirming receipt of payment to avoid financial losses.
🔥 Tips for making as many P2P trades as possible on Binance
Many people on peer-to-peer trading platforms want to sell their digital assets quickly. Here are a few tips to help you complete more trades.
1_ Stay informed about market prices for digital currencies and set realistic and competitive prices
2_ If you are not present in the market, do not show your ad so that you do not have to cancel trading operations and your rating will decrease.
3_ Monitor your ads periodically and check recently published ads
4_ Accept more payment methods to motivate buyers
5_ Communicate quickly and clearly with counterparties
6_ Do not make a habit of canceling transactions before completing them
❤️🔥 Good luck everyone
