Should I Use Binance P2P? Here’s What 7 P2P Traders Have to Say
Main Takeaways
Binance P2P is a leading peer-to-peer (P2P) trading exchange that lets you buy and sell crypto using your preferred payment methods.
Our secure P2P platform lets you trade directly with other users, with over 300 payment methods and more than 70 fiat currencies available.
Wondering if you should use Binance P2P to buy and sell bitcoin or other cryptocurrencies locally? Read about the Binance P2P experiences of seven crypto traders
P2P is short for ‘peer-to-peer’, and P2P platforms like Binance P2P let you buy and sell crypto directly with other users, without a third party or intermediary. P2P trading gives users more control over how they trade bitcoin and other cryptocurrencies locally.
Binance P2P was created in 2019 to facilitate P2P crypto and fiat-to-crypto trading. Binance users can trade crypto directly with other users via their preferred local currency, price, and payment method. Moreover, Binance P2P is one of the most accessible gateways for crypto, with over 300 payment methods and more than 70 local currencies.
Trusted by millions of users worldwide, Binance P2P has provided a convenient and secure environment for many users to trade crypto. Check out what seven crypto traders based in Africa have to say about Binance P2P.
Nigeria
At Binance P2P, our users are at the heart of everything we do. From providing best-in-class liquidity and security, the most flexible payment methods, and the lowest transaction fees in the market, we’re constantly looking for ways to serve our community better.
Here’s what a Binance P2P trader from Nigeria has to say about Binance P2P:
“I left all my other P2P sites since I joined Binance P2P. It’s faster, more reliable and I feel like I’m part of something bigger than myself.” -Smartzy BureauX
Another trader, CaptKay, also agrees that Binance P2P has provided a secure environment for him to trade in, saying:
“I like that Binance takes user security very seriously. I can rest assured that my crypto assets are safe and secure whenever I’m directly trading with another user. “
Another user, TeeEx, echoes this sentiment and says what he likes about Binance P2P is that:
“Binance provides a platform with secure and scam-free transactions. It’s 100% legit unlike many other peer-to-peer trading platforms.”
To give our users peace of mind, we’ve put in place an escrow service, along with several other safeguards on the platform. Binance P2P’s escrow service is a holding mechanism for crypto funds involved in any pending transaction. This service is in place to deter incidents of theft or any scams by adding an extra layer of trust.
What’s more, if any trader runs into a problem or has any concerns regarding our P2P trading exchange, they can seek assistance from our dedicated customer support team via our chat support function.
Ogunyo, a P2P merchant on our platform, says one of the things he likes most about Binance P2P is that:
“As a Binance P2P merchant, I can set buy and sell ads and contact customer support regarding any issue at anytime.”
Besides top-notch security, users can enjoy flexible payment methods on Binance P2P, which include over 300 payment methods, such as bank transfer, cash, Paypal, M-Pesa, and more. You have the freedom to define how you want to pay and be paid on the Binance P2P marketplace. Another user, Femoshi, agrees:
“Binance P2P is the best way to buy and sell crypto with your local currency.”
Egypt
P2P trading is a hassle-free and straightforward way to trade crypto, especially for users who prefer the flexibility of a larger variety of payment methods. And while P2P crypto trading has come a long way from its predecessors, there are still potential risks involved.
To keep malicious actors away from our platform and create a safer trading environment, Binance P2P has implemented robust security features.
Like the aforementioned traders from Nigeria, Hadi Ziady says he enjoys using Binance P2P because:
“it’s the safest platform to trade crypto with any payment method”.
Tunisia
Last but not least, user protection is one of our top priorities. Midou, a Binance P2P trader from Tunisia, agrees:
“Binance P2P is one of the safest P2P platforms in the crypto sphere, providing a secure trading experience for buyers and sellers.”
Get Started With Binance P2P
If you're feeling inspired by these stories, join Binance P2P today! Once you're ready to start trading on the Binance P2P exchange, register for a Binance account or download the Binance app. Once you've completed the identity verification process, you can start trading crypto at zero fees on the Binance P2P platform.
For more information about Binance P2P, you can visit these links:
(Blog) Intro to Peer-to-Peer Trading: What is P2P Trading and How Does a Local Bitcoin Exchange Work?
(Blog) How to Create An Ad To Buy Or Sell Crypto on Binance P2P: Go From $0 to $10,000
(Blog) 5 Tips on How to Pick the Best Offer When You Buy Bitcoin on Binance P2P
(Support) P2P FAQ Center
(Blog) How Does Binance P2P’s Escrow Service Work?
Disclaimer: Your use of Binance P2P services and all information and other content (including that of third parties) included in or accessible from Binance P2P services is at your sole risk. Our only responsibility is to handle crypto transactions. All payments are final upon completion unless otherwise required by law. The Binance P2P platform has neither the right nor obligation to resolve any disputes arising from a completed payment. Neither the Binance P2P platform nor merchants shall be responsible for your loss in a completed payment.
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