![]() Word of advice: Alway start a conversation with your Seller before initiating a transfer. Once you have clicked on the “Buy” button, you should be able to see the Pending Payment Screen. ![]() While you are making the payment for the cryptocurrency that you want from your seller privately, Binance acts as an escrow service a trusted third party, between the seller and the buyer to make sure the transaction is safe & fair. ![]() Because of the variety of payment methods that can be available, it’s considered highly accessibly for anyone who use P2P Binance. The seller sets the exchange rate for the cryptocurrency they want to sell to you, and the settlement of payment will be according to what was stipulated on the terms of exchange. You’re exchanging fiat currency (government-issued currency) on Binance’s P2P Marketplace for the cryptocurrency that you want through another existing Binance User.īinance considers this Binance User as a seller on their P2P Marketplace for providing cryptocurrency exchange service to you. P2P Binance trading has a very similar concept. When choosing your go-to currency exchange, you’d check for the best exchange rate that they have to offer you before committing your purchase. If you have travelled before, you know that you’ll need to go to a local currency exchange to exchange for the currency you need to use.
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