Peer-to-Peer (P2P) is one of the easiest ways to buy and sell cryptocurrency directly with other users without an intermediary. On Binance, the P2P platform makes it easy for you to trade crypto with other users directly using your local currency. This article will provide a complete guide for beginners who want to start P2P trading on the Binance app, covering steps on how to use this feature as well as tips for security.
What is Binance P2P?
Binance P2P is a Peer-to-Peer trading platform that allows you to buy or sell cryptocurrencies directly from other users. In the P2P model, you transact directly with another party (seller or buyer) without involving an intermediary like a traditional exchange. Binance acts as an intermediary by providing escrow to ensure the security of the transaction.