If you're a newbie to peer-to-peer trading, you've probably asked yourself, which offer do I choose? Don't worry. In this blog, we'll talk about how to select the best offer, as well as what to consider when trading on the P2P platform.
Choose the price that suits you best
The minimum and maximum trade amount
Payment methods and transactions
Terms and conditions
Extra tips for buying crypto on Binance P2P
Before start trading on the platform, you need to create a Binance account and verify your identity. It is easy! It only takes a couple of minutes. The identity verification will help us to protect your account. Then, you can instantly transfer cryptocurrencies from any Binance wallet (spot, futures, and margin) to Binance P2P, without paying any transaction fees.
On Binance P2P, you can see the activity of the users by clicking on the nickname. The user profile contains information such as:
Security deposit, essentially an escrow fund, ensuring no cheating or wash trading. With this deposit, users dont need to worry about suffering fiat or crypto assets loss.
Total orders, the full number of transactions made
30d orders, number of transactions completed in the last 30 days
30d completion rate, percentage of transactions that he has started and completed successfully in the last 30 days
Avg release time, how long does it usually take for the seller to release the crypto
Online ads, the offers to buy and sell that the user has online
Users marked with a yellow tick are merchants Binance P2P. These are traders who have passed additional verification, confirmed their advanced trading experience on othe ...
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