#P2P allows users to buy and sell #cryptocurrencies directly with each other on the platform. Here's how it operates:
1. Listing Offers:
Sellers post their offers, specifying details such as cryptocurrency, price, and accepted payment methods.
2. Searching:
Buyers can browse and select suitable sellers based on various criteria.
3. #Trade Process:
- Upon agreeing to a trade, the cryptocurrency is held in escrow
- The buyer transfers the payment to the seller using the chosen method.
- The seller confirms received, and funds are released in the escrowed cryptocurrency to the buyer.
4. Disputes:
If disagreements arise, Binance mediates based on evidence provided by both parties.
5. Ratings:
Post-trade, users can rate and review their counterparts.
