5 Reasons Why P2P Is the Best Way to Buy Local Bitcoin
Peer-to-peer (P2P) marketplaces and traditional crypto exchanges are both platforms that allow users to swap their Bitcoin and other cryptocurrencies for a preferred currency. While the two platforms offer similar services, the trading experiences have fundamental differences. Your traditional crypto exchange uses an automated engine to complete buy and sell transactions. However, P2P marketplaces like Binance P2P enable users to trade crypto directly with one another using their preferred payment method and local currency.
1. Live Trade Chat
Chat with your trading counterparty before you complete any transaction. Clarify payment requirements, follow up with delayed transactions or get to know who youâre trading with. For more information, you can read our helpful tips for using Binance P2P chat.
2. Personalize Your Offers: Ad Posting
Through our ad posting feature, buyers and sellers can personalize their offers according to their preferred price, payment method and local currency. Create strong ad postings and provide suitable trading terms for crypto users around the world.
3. Security: Escrow Service
P2P trading is more convenient than your traditional crypto exchange, but trading with other users also comes with its own set of risks. At Binance P2P, we provide an escrow service that ensures safe and fair trading. Once a buyer completes their order, we handle the sellerâs cryptocurrency in a temporary deposit until both parties confirm the transaction is successful.
4. Customer Support
If you encounter a problem with your P2P trading counterparty, you can quickly seek assistance from Binanceâs customer support team, who will contact you via email. Our customer service team will come in to mediate between both parties and solve the issue.
5.Binance P2P offers more than 300 different payment methods on, including local bank transfer, SEPA Transfer, International transfer, online wallet, cash and more.
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