What is Binance P2P?

Binance P2P is an easy to use platform that allows you to buy and sell cryptocurrencies directly with other users. While P2P gives more control over your trading, it’s essential to have a third party like Binance that facilitates transactions and safeguards users on the platform.

What is a P2P platform?

A P2P platform allows buyers and sellers to execute trades without the need for intermediaries. In some cases, websites may also provide a P2P environment that connects lenders and borrowers. P2P architecture can be suitable for various use cases, but it became particularly popular in the 1990s when the first file-sharing programs were created.

What is a peer-to-peer (P2P) crypto exchange?

Peer-to-peer (P2P) crypto exchanges are platforms that allow crypto-market participants to trade with each other directly. This means transactions are done exclusively between the buyer and the seller, with minimal to zero involvement from any third-party intermediary. How Does a P2P Exchange Work?

How does P2P trading differ from a centralized exchange?

The trading method differs from centralized exchanges because it is less vulnerable, and no middle agent controls your funds during a trade. When you place an order on a P2P exchange, it is matched against pending orders from other users.