📘 Binance P2P — Beginner’s Lesson
Lesson 3: What Is Binance’s Role in P2P?
This is a very important part to understand.
In P2P trading, Binance is not simply a platform that connects you with another person.
When a P2P order starts, the cryptocurrency being sold is held in escrow during the transaction.
A simple example:
Ali is selling USDT.
Fatima is buying USDT.
When the order starts, Binance holds the relevant USDT securely during the transaction.
Fatima makes the payment.
Once the payment is verified, the USDT is released to Fatima.
That is why it is very important to keep the transaction within the Binance P2P order process and follow the instructions provided there.
Simple idea to remember:
Buyer pays → Payment is verified → Crypto is released.
Previous lessons are already available on my Binance page. Don’t forget to follow!
A new lesson every day.
@bitcoin @Dusk
Lesson 3: What Is Binance’s Role in P2P?
This is a very important part to understand.
In P2P trading, Binance is not simply a platform that connects you with another person.
When a P2P order starts, the cryptocurrency being sold is held in escrow during the transaction.
A simple example:
Ali is selling USDT.
Fatima is buying USDT.
When the order starts, Binance holds the relevant USDT securely during the transaction.
Fatima makes the payment.
Once the payment is verified, the USDT is released to Fatima.
That is why it is very important to keep the transaction within the Binance P2P order process and follow the instructions provided there.
Simple idea to remember:
Buyer pays → Payment is verified → Crypto is released.
Previous lessons are already available on my Binance page. Don’t forget to follow!
A new lesson every day.
@bitcoin @Dusk
