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Quiz Answers to “A Beginner’s Guide to Buying and Selling Crypto via Binance P2P”
Win free cryptos by participating in the Binance Learn & Earn Quiz “A Beginner’s Guide to Buying and Selling Crypto via Binance P2P”.
What is P2P on Binance?
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“A Beginner’s Guide to Buying and Selling Crypto via Binance P2P” Quiz Answers
Here are the answers to this Binance Learn and Earn quiz:
Q1: What is P2P trading?
Answer: Peer-to-peer trading, where you buy and sell directly with another person without going through a middleman.
Q2: Who can use Binance P2P?
Answer: Only verified Binance users.
Q3: What are the benefits of using Binance P2P?
Answer: All are correct.
Q4: Which wallet is used for Binance P2P Trading?
Answer: Funding wallet.
Q5: What should I do when the buyer sends me proof of payment via P2P chat, claiming that they have paid?
Answer: Check my bank or e-wallet balance to see if the fiat has arrived, make sure the buyer’s verified name matches the sender’s name, then release crypto.
Q6: What should I do if the counterparty asks me to provide my social account or phone number?
Answer: Do not send & insist on communicating through Binance P2P chat only.
Q7: What is a fake SMS scam?
Answer: Any of the above.
Q8: Will Binance P2P send me messages in the chat box asking to release funds while a transaction is pending?
Answer: Binance P2P will only send Risk Alerts in the Chat Box.
How to Get Started with Binance Learn & Earn Quiz “A Beginner’s Guide to Buying and Selling Crypto via Binance P2P”
- First, update your Binance Appin Play Store to latest version and visit the Binance Learn & earn quiz webpage directly.
- Login into your Binanceaccount or create an account if you are new user.
- Go to homepage and click on theLearn & Earn quiz banner – A Beginner’s Guide to Buying and Selling Crypto via Binance P2P.
- Start the quiz using the above answerswe provided if needed.
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Binance Learn & Earn Quiz Answers: A Beginner’s Guide to Binance Fan Token
As everyone is talking about the world cup 2022 now, below we also give a short answer to the Binance Fan Token Quiz:
Answer 1: 2021
Answer 2: The team’s legendary goalkeepers
Answer 3: Purchase FC Porto’s NFT Mystery Boxes
Answer 4: True
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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