There might be occasions when the counterparty asks you to continue with the trade outside of the trading platform. They will argue that this way, both of you can save on fees (Binance P2P has zero fees), but in most cases, it’s just a scammer trying to lure you away from the security of Binance P2P .8 Kas 2021
Read moreIs Binance P2P profitable?
On Binance P2P, you can earn a profit margin varying from 0.5% to 5%, depending on the markets . This would be a good business opportunity with zero costs as we do not charge any transaction fees or advertising fees. You can enjoy more benefits, including VIP trading fee discounts and exclusive customer support.
Read moreIs P2P Bitcoin safe?
Peer-to-peer platforms are considered the most secure way of trading between users . Escrow in this case means an agreement in which a third party ( the p2p platform) holds the funds in safe and secure manner until the promised trade is completed and both parties have agreed to the trade.
Read moreIs there a scammer in Binance?
The scam involves sending users a text message with a link to cancel withdrawals, leading users to a fake website designed to harvest their login credentials . Binance CEO Changpeng Zhao on Friday warned of a “massive phishing scam via SMS” targeting the cryptocurrency exchange.7 Şub 2022
Read moreIs it safe to buy on Binance?
Binance security features also include address whitelisting, device management, and the ability to restrict device access. Like Coinbase, all USD balances are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) and held in custodial bank accounts .
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