When I moved apartments, I had to pay a room deposit right when my bank card got blocked. I'd lost it and the replacement was still two weeks out. The landlord wanted the deposit that same day, or the room would go to someone else. So I asked a friend who was moving in with me to send it instead, writing "deposit for [my name]" in the transfer note just to be safe. The landlord pulled up the transfer history, saw the sender's name didn't match the name on the lease, and refused to confirm the deposit. I ended up having to redo the transfer from my own account before he'd accept it.
The exact same pattern shows up in P2P trading. A buyer asks a partner or close friend to send the payment for an order, correct amount, correct purpose, but the account making the transfer isn't registered under the buyer's own verified name.
According to the P2P Appeal Handling Rules that @Binance Vietnam has explained, Binance P2P handles this fairly bluntly: if the payment account name doesn't match the verified name, that counts as a rule violation. The crypto doesn't get released, the seller has to issue a full refund, and the buyer's P2P function stays suspended until the seller submits proof of the refund and the buyer confirms receiving it, with any fees along the way falling on the buyer.
Self-critique: but this rule can't tell the difference between a harmless favor, like mine when my card was blocked, and money deliberately routed through someone else's account to hide where it came from. The landlord that day wasn't accusing me of anything either. He just had no way to tell those two situations apart from a name on a screen. Both get blocked the same way.
Binance P2P should be evaluated based on whether the paying account carries the verified buyer's own name, not on whether the money actually came from the right person.
#BinanceP2PAnToan $ONE $TUT $APR
The exact same pattern shows up in P2P trading. A buyer asks a partner or close friend to send the payment for an order, correct amount, correct purpose, but the account making the transfer isn't registered under the buyer's own verified name.
According to the P2P Appeal Handling Rules that @Binance Vietnam has explained, Binance P2P handles this fairly bluntly: if the payment account name doesn't match the verified name, that counts as a rule violation. The crypto doesn't get released, the seller has to issue a full refund, and the buyer's P2P function stays suspended until the seller submits proof of the refund and the buyer confirms receiving it, with any fees along the way falling on the buyer.
Self-critique: but this rule can't tell the difference between a harmless favor, like mine when my card was blocked, and money deliberately routed through someone else's account to hide where it came from. The landlord that day wasn't accusing me of anything either. He just had no way to tell those two situations apart from a name on a screen. Both get blocked the same way.
Binance P2P should be evaluated based on whether the paying account carries the verified buyer's own name, not on whether the money actually came from the right person.
#BinanceP2PAnToan $ONE $TUT $APR