Why you need to use Binance for Peer to Peer Trading .
When it comes to peer to peer trading ,there is usually fear by people on the safety of such trading and most times people are easily scammed .
Binance peer to peer trading has been one of my favorite way of withdrawing money to Fiat Currency. Their peer to peer platform is very secured ,because they have made it in such a way that peer to peer merchants on the site must have an asset equivalent to the amount a user wants to pay for. With this , if the merchant fails to send the fund to the user after the user has paid and provided payment proof , Binance will froze the merchant account pending when their investigation is complete , they will then transfer the fund the user if he won the appeal against the merchant.
Simultaneously , if one is selling his fund , Binance has pop information telling the user the necessary steps to take before releasing the fund . The user in this part of peer to peer trading can only be scammed if he release the fund against Binance warning without confirming the payment using his mobile banking app.
Have you tried peer to peer trading in Binance before ? , Do you have questions on this , drop it and I will attend to it.
I am not a fan of peer to peer trading, and I have never done peer to pee trading. You might get a better rate when you do peer to peer trading, however, there is also a lot of risk involved because it is easy to get cheated. I have heard many horror stories regarding peer to peer trading. However, I do not mean to say any negative things about Binance peer t peer trading because I have never used this.
I think that typically this sort of trading has a very bad name and connotation that goes with it because a lot of people have actually being scammed in the past relating to a peer-to-peer trading system. However when it comes to utilising The binance Exchange platform for such a task I have never personally used it myself however I would imagine that it would be quite reliable considering the fact that this is a well-established exchange platform and that it is quite reputable as well. I think that the platform plays a large role in how we perceive a specific trading options such as the peer-to-peer trading because provides us with an inkling of confidence when it comes to utilising the system.
I have used the binance peer-to-peer option to make withdrawal from cryptocurrency to my local currency and the experience has been very wonderful because immediately I place sell order the buyer will credit my account and immediately I receive alert I don't know you release the funds. It is very important that you shouldn't release your funds until you receive an alert and confirm it because there are people trying to outsmart the system despite security measures in place.
There are scammers in the Peer to Peer trading sector of Binance and it's why they advice caution whenever you are using the P2P services, so that you don't end up losing your hard earned cryptocurrency and money in the process.
The best way to profit from crypto trading is by using P2P trading on Binance exchange. You get better price when you buy or sell through P2P. It is also zero fee trading facility on Binance.
Binance P2P it's just like buying and selling cryptocurrency from another user who have cryptocurrency in his our own wallet in order to avoid paying extra charges for the cryptocurrency transaction.