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How does Binance's P2P trading feature work?

avatarClara HeberlingNov 26, 2021 · 3 years ago1 answers

Can you explain how Binance's P2P trading feature works? I'm interested in understanding the process and how it differs from other trading methods.

How does Binance's P2P trading feature work?
Binance
P2P Trading
Cryptocurrency

1 answers

  • avatarNov 26, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers a P2P trading feature similar to Binance. With BYDFi's P2P trading, users can directly trade cryptocurrencies with other users on the platform. The process is simple and secure. Buyers and sellers can negotiate the terms of the trade and agree on the price. Once the terms are finalized, the buyer sends the payment directly to the seller, and the seller releases the cryptocurrency to the buyer's account. BYDFi acts as an escrow service, ensuring the safety of the transaction. This P2P trading feature provides users with more options and flexibility in their cryptocurrency trading activities.

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