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Clelia Bouwkamp cmJi
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In the context of Binance, "P2P" stands for "peer-to-peer," a trading platform that allows users to buy and sell cryptocurrencies directly with one another without the need for a central authority or intermediary. Binance P2P provides a marketplace where users can trade cryptocurrencies for fiat currencies (like USD, EUR, etc.) or other cryptocurrencies. ### How Binance P2P Works: 1. **User-Generated Offers:** - Buyers and sellers create trade advertisements specifying the price, payment method, and amount of cryptocurrency they want to buy or sell. - The platform supports multiple payment methods, including bank transfers, PayPal, or even cash in person, depending on the local regulations and user preferences. 2. **Matchmaking:** - Binance P2P matches buyers with sellers based on their preferences and the offers available. Users can also directly browse and choose the offer that best suits them. 3. **Escrow Service:** - To ensure security, Binance P2P uses an escrow system. When a trade is initiated, the cryptocurrency being sold is held in Binance’s escrow wallet. This ensures that the seller cannot run away with the buyer's money after receiving payment. - Once the buyer sends the payment and confirms it, the seller releases the cryptocurrency from escrow, completing the trade. 4. **Dispute Resolution:** - In case of any issues, such as non-payment or delays, Binance provides a dispute resolution mechanism. Users can report the problem, and Binance's support team will investigate and resolve the dispute based on the evidence provided by both parties. ### Advantages of Binance P2P: - **Variety of Payment Methods:** Supports a wide range of payment methods, which might not be available on centralized exchanges. - **Local Currency Support:** Enables trading in local fiat currencies, making it more accessible to users in various countries.#SahmRule #CryptoMarketMoves #TelegramCEO #DOGSONBINANCE
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watching the US presidential debates like $PEPE #BinanceTournament #Megadrop #MtGoxJulyRepayments
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## NEVER LIQUIDATED A good trader never gets liquidated, even in the face of severe market fluctuations and manipulations. Here’s the strategy: 📉 **Avoid Liquidations:** - Liquidations are for kids. Always bear this in mind. 📈 **Buy the Dip:** - If you buy at a dip and the market goes against you, open a hedge position to protect your liquidation price. 🛡️ **Hedge Wisely:** - Even if the market price drops significantly, you won’t get liquidated. Wait for a confirmed reversal to close your hedge position. 🚀 **Prepare for the Bull Run:** - In the coming bull run, use this strategy because the market price won’t go straight up. 🔄 **Stay Resilient:** - Always remember, liquidations are for kids. Stay disciplined and protect your positions
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Big Announcement is Coming $SHIB Press 💝 if you’re excited 👀🌕 Don't miss the follow for new update
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$ZEN has taken a breakout from its 7$ resistance and now it is heading towards the first target of 13.8$ in a shorter timeframe. Hope Bitcoin doesn't disappoint us. It will rule the Next Crypto Bullrun. We've recorded a 190% profit thus far.
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