What is Binance P2P?

Binance P2P, which stands for Peer to Peer cryptocurrency trading, is one of the platforms that allows you to buy and sell Bitcoin and other cryptocurrencies between people with the currency of our country or, if you are in another country, with the currency of that country.

By using the peer to peer service, you can trade cryptocurrencies directly without the need for any third party.

The most obvious difference when buying and selling Binance P2P cryptocurrency is that the price is determined by the person selling the cryptocurrency. So you have 1 Bitcoin in your hand and the value of Bitcoin is 100 thousand TL at that moment. You can sell 1 Bitcoin for 100,500 TL via the P2P platform.

When you sell your Bitcoins, the other person will send you 100,500 TL through your bank. Thus, P2P trading is completed. After the money reaches you, it is sent to the Binance account of the person who received the cryptocurrency.

In addition, you can also receive crypto money by transferring the specified amount through your bank account using Binance P2P. So, you can use Binance P2P both as a buyer and a seller.

What are the Advantages of Binance P2P?

  • Zero Commission Rate

The biggest advantage of Binance P2P is that Binance does not charge you a commission as a result of this transaction. In other words, when doing P2P trading, you pay whatever the stated price of the cryptocurrency you will buy or sell. Binance, which already has a very low commission rate, does not charge commission from P2P trades.

  • Multiple Payment Methods

There are countless platforms where you can receive or make payments when trading via P2P. You can receive or make payments as a result of P2P trading with your bank account. The availability of more than one hundred and fifty payment methods makes it available to everyone.

  • Security precautions

For example, you sell your Bitcoins via P2P. Binance does not transfer cryptocurrencies to another account before the money passes to you. In this way, there is no possibility of fraud during P2P trading.

  • Available in Many Parts of the World

Binance's P2P platform is available in many countries around the world. In other words, you can use Binance P2P after meeting the necessary conditions when you travel abroad or when you need to go abroad!

  • Fast P2P Trading

You can perform P2P transactions within 15 minutes. In this way, your money is transferred to your account very quickly.