Binance is considered a safe exchange that allows user account protection via the use of Two Factor Authentication (2fa). On May 7, 2019, Binance experienced a major hack which resulted in 7000 Bitcoins stolen from the exchange.
Read moreDoes Binance charge for P2P?
Among the many P2P solutions offered across the crypto market, the Binance P2P Bitcoin exchange offers several competitive features and benefits: 1. Zero Fees . One of the biggest advantages of Binance P2P is its absence of fees.
Read moreCan I be scammed in Binance P2P?
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 .
Read moreCan you be scammed 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.
Read moreHow does P2P pay Binance?
Binance P2P is a peer-to-peer marketplace where you can directly trade crypto with other Binance users. Binance P2P facilitates crypto transactions in your preferred payment method, local currency and price .
Read moreIs P2P safe on Binance?
At Binance P2P, we provide an escrow service that ensures safe and fair trading . Once a buyer completes their order, we handle the seller’s cryptocurrency in a temporary deposit until both parties confirm the transaction is successful.
Read moreHow do I send P2P on Binance?
Step 1: Open your P2P wallet, select “Transfer between accounts” and “Send”. Step 2: Enter the recipient’s email address. Use the email address associated with the recipient’s Binance account. Step 3: Select the amount and the cryptocurrency you wish to send (no minimum amount required.23 Eyl 2021
Read more