Binance P2P is a peer-to-peer trading platform that allows users to buy and sell cryptocurrencies directly with each other. Here are some key points to know about Binance P2P ¹:

Advantages

- Zero trading fees: Binance P2P does not charge any transaction fees, which means you get exactly what you pay for.

- Variety of payment methods: over 150 payment methods are available on Binance P2P, you can choose the one that suits you best.

- Sufficient liquidity: Binance P2P has processed over 7 billion dollars in transactions, ensuring high liquidity.

- High success rates: sellers on Binance P2P are subject to strict rules to ensure successful transactions.

Operation

- Account creation: to use Binance P2P, you must create an account on Binance and pass identity verification.

- Buying and selling: you can buy or sell cryptocurrencies by selecting the local currency, price, and desired payment method.

- *Escrow service*: Binance P2P offers an escrow service to protect transactions and avoid scams.

Security

- Identity verification: identity verification is required to use Binance P2P, which helps prevent scams.

- Security tips: to avoid scams, make sure to verify the identity of your counterparty and use the Binance P2P escrow service.

Tips for users

- Check the counterparty's background: before proceeding with a transaction, check the background and reliability of your counterparty.

- Use filters: use filters to customize your searches and find the best deals.

- Contact customer support: if you encounter issues during a transaction, contact Binance customer support for assistance ².