5 Tips on How to Pick the Best Offer When You Buy Bitcoin on Binance P2P

Friday 20 November 2020, 1:18 PM AEST - 2 months ago

9616e19b-060f-4616-a7b8-99cf32412bbd.png

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.

  • Advertiser details

  • 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.

Advertiser details

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

b5b9dbab-7c0e-4ff0-875a-ebdb9a43c5e7.png

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 ...

Read full story on Binance

Disclaimer: The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.