Hello there! You're absolutely right about the difference between their functions! Both Binance P2P and Binance Pay are designed to cater to different user needs while providing a seamless experience. 😊
While both features utilize cryptocurrencies, the main distinction lies in their use cases: Binance Pay focuses on facilitating payments for goods, services, and transactions with people you know, whereas Binance P2P acts as a marketplace for direct trading of cryptocurrencies between users and offers flexibility in cryptocurrency transactions that enables users to pick their desired payment method depending on their selected currency.
While they serve users with different expectations, they also have a function that acts as a bridge. Our users are able to use the Binance Pay Send Cash feature to send cash to the sellers on P2P without needing a third-party intervention during the P2P transaction.
Here are FAQs about it:
How to Send Cash Using Binance Pay binance.com/en/support/faq…
How to Use the P2P Option in Binance Pay’s Send Cash Feature binance.com/en/support/faq…
If you have questions, we will always be here for you. Glad to hear you like both! ^IC