artistsoli.blogg.se - Binance p2p

Among the biggest benefits of Binance is the fact that, once you create an account on the exchange, and confirm your identity, you will be able to use that same account with the rest of the services offered by the company.

Integration With the Rest of the Binance Ecosystem.

This is even more-so true when you consider the fact that the merchant can set their own transaction timers - you may complete a trade in under 20 minutes! Following that, you can expect to find what you’re looking for in a quick and efficient manner, and be able to perform your transactions without wasting much time. While this does kick off of the popularity aspect of the platform, the Binance P2P market has some of the highest liquidity stats in the industry.

High Liquidity / Fast Transaction Speeds.

Yup, you’ve read that right - there are no fees associated with trading on the Binance P2P market! This is truly a rarity, at least as far as P2P-specific platforms are concerned - at the same time, it’s a huge benefit that should be taken into consideration! Whenever there’s a product or service that has the Binance logo attached to it, the general public tends to automatically associate it with reliability - just take a look at the aforementioned NFT marketplace! This is completely warranted, too - Binance has managed to earn such a reputation by providing users from all over the world with top-level crypto-related services, for many years now. As noted a bit earlier in the article, Binance is a name that has become synonymous with many-things-crypto. This is, undoubtedly, a huge factor when it comes to the convenience side of things! You will likely be able to send or receive payments in your currency, via a method that’s most suitable for you! With more than 300 different payment methods available, everyone’s bound to find one that’ll suit their preferences.

Binance P2P offers its users over 300 different payment methods, and supports more than 70 fiat currencies. Truth be told, there are many reasons for why that’s the case! Some of them are, naturally, related to the security side of things - there are, however, additional perks that Binance offers to the user. In regards to the Binance P2P market, admittedly, it has a lot of competition - there are plenty of different P2P-specific trading platforms out there! Still, however, Binance appears to remain the clear leader in the space - why is that?

While most people associate the name with the cryptocurrency exchange, Binance does have other services that it offers to its users - an NFT marketplace, a wallet, a P2P trading hub, and many more. If you’ve spent some time in the world of crypto already, you’re probably well-aware of the fact that Binance is among the most-recognizable names in the industry. Instead, what * is* truly relevant are the core differences between Binance P2P, and some other peer-to-peer trading platforms. While discussing the differences between the Binance exchange and the P2P side of the platform is interesting, it’s not necessarily relevant to our article. It does depend on the type of trader you are, as well - while most people would likely prefer going the traditional exchange route, trading cryptos in a peer-to-peer manner can truly yield some significant benefits, as well! In other words, in regards to Binance P2P trading, you would connect with another person through Binance, and perform direct, agreed-upon trades with them.Įvidently, there are pros and cons for using Binance P2P over the traditional exchange. It abbreviates as “ peer-to-peer”, and showcases the direct-contact nature of the processes that you might perform. This is where the term “ P2P” comes into play, as well. Both of you agree on the terms of the trade ( they can be completely custom), and are able to perform it at your leisure, with Binance acting as the escrow service. On the Binance exchange itself, you trade cryptocurrencies with Binance - in other words, the exchange is the party that you either sell your cryptos to, buy them from, or trade one coin or token for another.Īs opposed to that, Binance P2P trading involves you connecting with another person, just like you, in order to trade one asset for another. The differences might not be immediately evident for individuals who’ve never used a cryptocurrency exchange before, but they are still major.