How does P2P work without a third party?

In P2P (Peer-to-Peer) trading, you trade directly with another person, not with a bank or broker.

👉 There is no third-party dealer setting prices or taking fees.

So how is it safe?

Binance uses an escrow system (not a third party trader):

Step by step:

Seller places crypto for sale

Binance locks the crypto (escrow)

Buyer sends payment directly to seller (bank, JazzCash, Easypaisa)

Seller confirms payment

Binance releases crypto to buyer ✅Important point:

Binance does NOT buy or sell crypto

It only holds crypto temporarily for safety

In simple words:

👉 Money goes from buyer to seller directly

👉 Crypto is protected by Binance until the deal is complete

That’s why P2P works without a third party but still stays safe 🔐