đ Binance P2P : What every beginner must absolutely understand before trading!
Binance P2P is one of the most used ways to buy and sell cryptocurrencies in Africa. However, many beginners still make mistakes that can cost them dearly. Here are the essentials to know đ
đ 1. WHAT IS P2P?
P2P (peer-to-peer) allows buying or selling cryptos directly between users.
Binance merely serves as security by holding the funds until the transaction is complete.
đł 2. HOW DOES IT WORK?
1ïžâŁ Choose an offer
2ïžâŁ Read the terms
3ïžâŁ Open the order
4ïžâŁ Make / receive the payment
5ïžâŁ Binance releases the crypto after confirmation.
â ïž 3. ERRORS TO AVOID
đ« Sending money before opening the order
đ« Releasing without verifying the actual payment
đ« Discussing only in private
đ« Choosing a seller randomly without checking their profile (history, completion rate, reviews)
đĄïž 4. IMPORTANT SECURITY RULES
âïž Always communicate in the Binance chat
âïž Verify that the bank account name matches
âïž Never click on "Payment received" if itâs not true
âïž In case of doubt: open a dispute
đĄ TIP TO BUY CHEAPER
Choose sellers who are:
âïž active
âïž fast
âïž with a high completion rate
âïž using reliable mobile payment methods.
đŻ In summary
P2P is fast, secure, and simple if you follow the rules.
Your security should always come before speed.
