What is Binance P2P?
Binance P2P is a peer-to-peer marketplace within Binance that allows users to buy and sell crypto directly with each other. It supports hundreds of payment methods and fiat currencies, and uses an escrow system to protect trades.
Is Binance P2P safe?
Binance P2P has security features such as identity verification (KYC), escrow services, and 24/7 customer support. These measures help reduce the risk of common scams, but users should still trade cautiously, verify that they have actually received the funds before releasing crypto, and report any suspicious activity.
Does Binance P2P charge fees?
Binance P2P charges zero trading fees for takers. Makers can set their own prices, which may include a profit margin. Gas or network fees are not charged for transfers within the Binance P2P platform.
What payment methods does Binance P2P support?
Binance P2P supports over 1,000 payment methods, including bank transfers, online payment services, and some local cash options. Available payment methods depend on your country and the ads posted by other users.
What happens if there is a dispute on Binance P2P?
If an issue arises during a trade, either party can file an appeal through the Binance P2P platform. Binance's customer support team will review both sides of the transaction and help facilitate a resolution. Keeping proof of payment is useful when filing an appeal.
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The most frequently asked questions about Binance P2P!
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