Before using Binance P2P, I always thought Escrow simply meant "Binance holds the crypto." My first transaction completely changed that understanding.
I bought 200 USDT from a merchant with a 99.86% completion rate and more than 4,800 completed orders. As soon as the order was created, I noticed that the USDT had already been locked in Escrow. That immediately gave me confidence because it meant the seller couldn't move those funds elsewhere while I was making the bank transfer.
After sending the payment through Vietcombank, I didn't rush the seller or ask them to release the crypto immediately. I simply clicked Transferred, Notify Seller and waited. About a minute later, after the seller confirmed that the money had actually arrived in their bank account, the USDT was released from Escrow and appeared in my Funding Wallet.
That was the moment I realized Escrow isn't just about "holding crypto." It's a mechanism that ensures both the buyer and seller complete their responsibilities before the assets change hands.
@Binance Vietnam #BinanceP2PAnToan
I bought 200 USDT from a merchant with a 99.86% completion rate and more than 4,800 completed orders. As soon as the order was created, I noticed that the USDT had already been locked in Escrow. That immediately gave me confidence because it meant the seller couldn't move those funds elsewhere while I was making the bank transfer.
After sending the payment through Vietcombank, I didn't rush the seller or ask them to release the crypto immediately. I simply clicked Transferred, Notify Seller and waited. About a minute later, after the seller confirmed that the money had actually arrived in their bank account, the USDT was released from Escrow and appeared in my Funding Wallet.
That was the moment I realized Escrow isn't just about "holding crypto." It's a mechanism that ensures both the buyer and seller complete their responsibilities before the assets change hands.
@Binance Vietnam #BinanceP2PAnToan