#BinanceP2PAnToan
💡 The essence of Binance P2P trading
P2P is a direct buy/sell transaction between two individuals. In it, Binance acts as an intermediary to ensure safety by locking and releasing crypto funds (USDT).
🔄 How it works in practice
When you BUY USDT:
You transfer VND to the seller’s account number ➔ Binance temporarily locks their USDT ➔ The seller confirms they have received enough money ➔ Binance transfers the USDT to your wallet.
When you SELL USDT:
You place a sell order ➔ Binance automatically locks your USDT ➔ The buyer transfers VND to your bank ➔ You check your account and see the money posted ➔ Click confirm so Binance releases the USDT to them.
🔑 Core principles
The VND cash flow is traded directly between the two people’s bank accounts. The USDT flow is controlled and circulated by the Binance system to protect both parties.
@Binance Vietnam
💡 The essence of Binance P2P trading
P2P is a direct buy/sell transaction between two individuals. In it, Binance acts as an intermediary to ensure safety by locking and releasing crypto funds (USDT).
🔄 How it works in practice
When you BUY USDT:
You transfer VND to the seller’s account number ➔ Binance temporarily locks their USDT ➔ The seller confirms they have received enough money ➔ Binance transfers the USDT to your wallet.
When you SELL USDT:
You place a sell order ➔ Binance automatically locks your USDT ➔ The buyer transfers VND to your bank ➔ You check your account and see the money posted ➔ Click confirm so Binance releases the USDT to them.
🔑 Core principles
The VND cash flow is traded directly between the two people’s bank accounts. The USDT flow is controlled and circulated by the Binance system to protect both parties.
@Binance Vietnam