BinanceP2P
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Risks and Benefits of P2P Crypto Trading
Cryptocurrencies have been, quite literally, designed for P2P transactions: Satoshi Nakamoto’s seminal whitepaper is titled, Bitcoin: A Peer-to-Peer Electronic Cash System. However, with the emergence of large crypto platforms, the default way of exchanging digital assets shifted toward being more “mediated,” the old P2P ways taking a back seat – at least in part due to perceptions of direct exchange being more risky.
Today, much of peer-to-peer trading in crypto is facilitated by platform marketplaces, such as Binance P2P, that act as trusted intermediaries and have mechanisms in place to minimize the risks for both sides of the transaction. This makes the process safer and easier than in the early days of crypto. Those who are still reluctant to go peer-to-peer usually have concerns about the safety and perceived complexity of the process. Some believe that P2P trading is not safe because you never know who you are transacting with, which leaves room for bad actors to try and deceive their counterparties.
Granted, when it comes to monetary transactions, there is no such thing as worrying too much about safety. And with peer-to-peer trading, where users choose their counterparties and are more involved in conducting transactions, your vigilance and awareness are fundamental to the security of exchange. Criminals have devised a number of nefarious schemes to prey on the less knowledgeable and alert P2P traders, including fake proof of payment and chargeback scams, posing as the platform’s representatives to deceive users into releasing their funds, and many more.
Yet, a combination of adhering to best safety practices and using a platform that provides added layers of security can dramatically lower the risk. Furthermore, leading platforms like Binance P2P offer deep liquidity and user-friendly trading environment, eliminating other main sources of concern.
#Write2Earn! #ETHETFsApproved #BinanceP2P
Cryptocurrencies have been, quite literally, designed for P2P transactions: Satoshi Nakamoto’s seminal whitepaper is titled, Bitcoin: A Peer-to-Peer Electronic Cash System. However, with the emergence of large crypto platforms, the default way of exchanging digital assets shifted toward being more “mediated,” the old P2P ways taking a back seat – at least in part due to perceptions of direct exchange being more risky.
Today, much of peer-to-peer trading in crypto is facilitated by platform marketplaces, such as Binance P2P, that act as trusted intermediaries and have mechanisms in place to minimize the risks for both sides of the transaction. This makes the process safer and easier than in the early days of crypto. Those who are still reluctant to go peer-to-peer usually have concerns about the safety and perceived complexity of the process. Some believe that P2P trading is not safe because you never know who you are transacting with, which leaves room for bad actors to try and deceive their counterparties.
Granted, when it comes to monetary transactions, there is no such thing as worrying too much about safety. And with peer-to-peer trading, where users choose their counterparties and are more involved in conducting transactions, your vigilance and awareness are fundamental to the security of exchange. Criminals have devised a number of nefarious schemes to prey on the less knowledgeable and alert P2P traders, including fake proof of payment and chargeback scams, posing as the platform’s representatives to deceive users into releasing their funds, and many more.
Yet, a combination of adhering to best safety practices and using a platform that provides added layers of security can dramatically lower the risk. Furthermore, leading platforms like Binance P2P offer deep liquidity and user-friendly trading environment, eliminating other main sources of concern.
#Write2Earn! #ETHETFsApproved #BinanceP2P
Becoming a #BinanceP2P merchant just got easier 🔥✅
You can now apply to the #Binance P2P Merchant Program with lower requirements and enjoy exclusive benefits such as up to 50% off the basic fee rate on all fiat markets!
👉 For More info Check Binace Twitter Account
#BNB
You can now apply to the #Binance P2P Merchant Program with lower requirements and enjoy exclusive benefits such as up to 50% off the basic fee rate on all fiat markets!
👉 For More info Check Binace Twitter Account
#BNB
The convenience of Binance P2P is unmatched!
I don't have to know my buyer or seller, or even talk to them to transact.
The efficient system does all this for us fast. All in the comfort of wherever in the world we are! All the while protecting us both.
#BinanceP2P #BTC
I don't have to know my buyer or seller, or even talk to them to transact.
The efficient system does all this for us fast. All in the comfort of wherever in the world we are! All the while protecting us both.
#BinanceP2P #BTC
#BinanceP2P is a user-friendly peer-to-peer (P2P) network that enables traders to exchange cryptocurrency with other users directly. On Binance P2P, merchants can earn money by placing trading adverts and closing trades.
#crypto2023
#Binance
#crypto2023
#Binance
#Binance will host a Merchant meetup in Lagos Nigeria🇳🇬.
Get ready to network with the team and learn more about #BinanceP2P .
📆Today,26th March
⏰5PM WAT
📍Ibis Hotel, Ikeja
#crypto2023 #BTC #BNB
Get ready to network with the team and learn more about #BinanceP2P .
📆Today,26th March
⏰5PM WAT
📍Ibis Hotel, Ikeja
#crypto2023 #BTC #BNB
There are 3 types of trading zones on the binance P2P platform.
P2P
Express
Block trade
#Binance #P2P #crypto2023 #BinanceP2P
P2P
Express
Block trade
#Binance #P2P #crypto2023 #BinanceP2P
📣 Exciting news from Binance P2P! 🎉 Starting soon, we're introducing a flat taker fee on USDT trading pairs in selected fiat markets at the P2P Zone. 💱 Get ready to experience seamless trading with transparent fees and unparalleled convenience! 💼 Whether you're buying or selling USDT, enjoy the simplicity and efficiency of Binance P2P. 💰 Join us as we revolutionize the peer-to-peer trading experience and empower users worldwide! 🌍 #BinanceP2P #USDT #TradingFees #Write2Earn 🚀
🚀 Exciting News Alert! Binance P2P Extends 9.9 Crypto Flash Sale for Southeast Asia 🌏💰
Binance P2P is back with a bang, extending its 9.9 Crypto Flash Sale to all takers in select Southeast Asian markets. Eligible users have the chance to earn up to 30% cashback on their qualifying first-time purchases on Binance P2P during the Promotional Period.
Promotional Period: From 2023-09-09 00:00 (UTC) to 2023-09-09 23:59 (UTC)
The first 600 qualifying users who click the "Register Now" button on the activity page and complete a minimum purchase equivalent to $50 for any cryptocurrency on Binance P2P during the Promotion Period will qualify to receive up to 30% cashback on their qualifying purchases. 💸✨
Don't miss out on this golden opportunity to boost your crypto portfolio! 🚀 #Binance #BinanceP2P #P2P
Binance P2P is back with a bang, extending its 9.9 Crypto Flash Sale to all takers in select Southeast Asian markets. Eligible users have the chance to earn up to 30% cashback on their qualifying first-time purchases on Binance P2P during the Promotional Period.
Promotional Period: From 2023-09-09 00:00 (UTC) to 2023-09-09 23:59 (UTC)
The first 600 qualifying users who click the "Register Now" button on the activity page and complete a minimum purchase equivalent to $50 for any cryptocurrency on Binance P2P during the Promotion Period will qualify to receive up to 30% cashback on their qualifying purchases. 💸✨
Don't miss out on this golden opportunity to boost your crypto portfolio! 🚀 #Binance #BinanceP2P #P2P
One-click buys or sells on Binance P2P. Please update your Binance app to see these new features
#BinanceP2P
#BinanceP2P
Join Africa P2P exclusive campaigns to get up to 30% in token rewards !!
Note: There are two more weeks to go.
Flash Sale Africa Exclusive: Complete a Purchase on Binance P2P & Get Up to 30% Cashback Each Friday This November!
This November, Binance P2P is presenting a new Friday Crypto Flash Sale for all takers in African markets, where eligible users can earn up to 30% cashback on their first qualified purchase on Binance P2P every Friday during the Promotion Period.
Promotion Period:
▶️2023-11-03 00:00 (UTC) to 2023-11-03 23:59 (UTC) <Friday>
⏭️2023-11-10 00:00 (UTC) to 2023-11-10 23:59 (UTC) <Friday>
⏭️2023-11-17 00:00 (UTC) to 2023-11-17 23:59 (UTC) <Friday>
⏭️2023-11-24 00:00 (UTC) to 2023-11-24 23:59 (UTC) <Friday>
🏄♂️ For each Friday during the Promotion Period, the first 30 eligible users who click “Join Now” button on the promotion page and complete a single purchase of at least $30 equivalent for any cryptocurrency on Binance P2P, will qualify to receive up to 30% cashback on the qualified purchase, as per the chart below:
Rewards Structure:
Rankings Based on the Timing an Eligible P2P Purchase Is Completed
Cashback Rate on Users’ Qualified Purchases
Maximum Cashback Reward per User (in USDT Token Vouchers)
1st - 10th Places 30% 10 USDT
11th - 20th Places 20% 8 USDT
21st - 30th Places 10% 4 USDT
Join the Friday Crypto Flash Sale Now!
More details: Read Here
#Crypto_Angel #BinanceP2P
Note: There are two more weeks to go.
Flash Sale Africa Exclusive: Complete a Purchase on Binance P2P & Get Up to 30% Cashback Each Friday This November!
This November, Binance P2P is presenting a new Friday Crypto Flash Sale for all takers in African markets, where eligible users can earn up to 30% cashback on their first qualified purchase on Binance P2P every Friday during the Promotion Period.
Promotion Period:
▶️2023-11-03 00:00 (UTC) to 2023-11-03 23:59 (UTC) <Friday>
⏭️2023-11-10 00:00 (UTC) to 2023-11-10 23:59 (UTC) <Friday>
⏭️2023-11-17 00:00 (UTC) to 2023-11-17 23:59 (UTC) <Friday>
⏭️2023-11-24 00:00 (UTC) to 2023-11-24 23:59 (UTC) <Friday>
🏄♂️ For each Friday during the Promotion Period, the first 30 eligible users who click “Join Now” button on the promotion page and complete a single purchase of at least $30 equivalent for any cryptocurrency on Binance P2P, will qualify to receive up to 30% cashback on the qualified purchase, as per the chart below:
Rewards Structure:
Rankings Based on the Timing an Eligible P2P Purchase Is Completed
Cashback Rate on Users’ Qualified Purchases
Maximum Cashback Reward per User (in USDT Token Vouchers)
1st - 10th Places 30% 10 USDT
11th - 20th Places 20% 8 USDT
21st - 30th Places 10% 4 USDT
Join the Friday Crypto Flash Sale Now!
More details: Read Here
#Crypto_Angel #BinanceP2P
FIRST TIME ON BINANCE (DAY 2)
How to #Deposit #Funds on Binance (1a)
There are more than 1 way to deposit/fund your Binance Wallet .
Today, I'll show you how you can Deposit using one of such means; #BinanceP2P
Funding your Binance wallet using P2P (peer-to-peer) is pretty straightforward. Here are the steps:
1. Open your Binance account and navigate to the "#Wallet " section.
2. Look for the option to deposit funds, usually labeled as "Deposit" or "Funds." You can also directly access the P2P tab on the homepage to use P2P .
3. Select the cryptocurrency you want to deposit into your Binance wallet. Make sure you choose a cryptocurrency that is supported by Binance's P2P trading platform.
How to #Deposit #Funds on Binance (1a)
There are more than 1 way to deposit/fund your Binance Wallet .
Today, I'll show you how you can Deposit using one of such means; #BinanceP2P
Funding your Binance wallet using P2P (peer-to-peer) is pretty straightforward. Here are the steps:
1. Open your Binance account and navigate to the "#Wallet " section.
2. Look for the option to deposit funds, usually labeled as "Deposit" or "Funds." You can also directly access the P2P tab on the homepage to use P2P .
3. Select the cryptocurrency you want to deposit into your Binance wallet. Make sure you choose a cryptocurrency that is supported by Binance's P2P trading platform.
Binance P2P and devaluation of Naira
IntroductionWhile the devaluation of the Nigerian Naira is a complex issue with multiple contributing factors, it's inaccurate to say that Binance P2P is the sole cause. Here's a breakdown of the situation.Factors Contributing to Naira DevaluationGlobal oil price fluctuations: Nigeria's economy heavily relies on oil exports, and fluctuations in global oil prices significantly impact its foreign exchange earnings. Recent declines in oil prices have put pressure on the Naira.Current account deficit: Nigeria imports more goods and services than it exports, leading to a current account deficit. This puts downward pressure on the Naira as the country needs to spend more foreign currency to finance its imports.Foreign capital outflows: Global economic uncertainties and rising interest rates in developed economies have led to foreign investors withdrawing their funds from emerging markets like Nigeria, further weakening the Naira.Government policies and spending: The Nigerian government's fiscal policies, including its borrowing and spending patterns, can also influence the value of the Naira.Binance P2P and its potential impactIncreased demand for USD: While Binance P2P allows Nigerians to buy and sell USD-pegged stablecoins like USDT, the overall volume traded on the platform is relatively small compared to the total foreign exchange market in Nigeria. Therefore, its direct impact on the Naira's exchange rate is likely limited.Potential for speculation: Some argue that P2P platforms could be used for speculative trading, putting additional pressure on the Naira. However, the evidence for this is inconclusive, and regulatory measures are in place to curb such activities.ConclusionThe Naira's devaluation is primarily driven by broader economic factors like oil prices, trade imbalances, and foreign capital flows. While Binance P2P and other P2P platforms might play a role in facilitating currency exchange, their overall impact on the Naira's value is likely minimal compared to these larger forces.#Write2Earn #TrendingTopic #BinanceP2P #USDT/NGN
🛑🚨🚀 Claim Your Share of Free 4,000 USDT in Rewards!🚨🛑
🛞Overview:🛞
Binance P2P announces an exciting Trading Carnival for new and existing users in selected MENA and South Asian countries. Participate and stand a chance to win a share of 4,000 USDT in token vouchers!
🚧Promotion Period:🚧
Dec 8, 2023, 00:00 (UTC) to Dec 22, 2023, 00:00 (UTC)
🌐Promotion A: New P2P Users - Earn 3 USDT:
New P2P users, make your first trade of at least 30 USDT equivalent to receive a 3 USDT token voucher. First 500 qualified participants are eligible.
🌐Promotion B: Existing P2P Users - Share 2,500 USDT:
Existing users, complete trades with three unique counterparts, and be among the top 200 traders by total taker volume. Share a pool of 2,500 USDT in token vouchers based on your trading volume.
🗣️Terms & Conditions Highlights:
- 👉Eligibility is limited to selected takers in certain MENA and South Asian countries.
- 👉Account verification and registration during the Promotion Period are prerequisites.
- 👉Token vouchers distributed within 14 days after the promotion ends.
- 👉Vouchers expire within seven days after distribution.
For detailed terms and conditions, please refer to the official announcement.
🎉 Join the Binance P2P Trading Carnival now!🌐
🛞Overview:🛞
Binance P2P announces an exciting Trading Carnival for new and existing users in selected MENA and South Asian countries. Participate and stand a chance to win a share of 4,000 USDT in token vouchers!
🚧Promotion Period:🚧
Dec 8, 2023, 00:00 (UTC) to Dec 22, 2023, 00:00 (UTC)
🌐Promotion A: New P2P Users - Earn 3 USDT:
New P2P users, make your first trade of at least 30 USDT equivalent to receive a 3 USDT token voucher. First 500 qualified participants are eligible.
🌐Promotion B: Existing P2P Users - Share 2,500 USDT:
Existing users, complete trades with three unique counterparts, and be among the top 200 traders by total taker volume. Share a pool of 2,500 USDT in token vouchers based on your trading volume.
🗣️Terms & Conditions Highlights:
- 👉Eligibility is limited to selected takers in certain MENA and South Asian countries.
- 👉Account verification and registration during the Promotion Period are prerequisites.
- 👉Token vouchers distributed within 14 days after the promotion ends.
- 👉Vouchers expire within seven days after distribution.
For detailed terms and conditions, please refer to the official announcement.
🎉 Join the Binance P2P Trading Carnival now!🌐
