Cryptocurrency Q&A
Is P2P safe in Binance?
Is P2P safe in Binance?
Martino
Tue Feb 25 2025
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5
answers
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I'm considering using Binance for P2P transactions, but I'm concerned about its safety. I've heard mixed reviews and would like to know if it's really SAFE to conduct P2P transactions on Binance, especially in terms of security measures and protection of user funds.
5 answers
KatieAnderson
Thu Feb 27 2025
This system provides a layer of protection for both parties involved in the transaction.
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Martino
Thu Feb 27 2025
If the transaction fails to be completed within the specified timeframe, the funds are returned to the sender's wallet without any loss.
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BlockchainBaronGuard
Thu Feb 27 2025
Binance P2P ensures the security of transactions through the implementation of an escrow service.
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CryptoTamer
Thu Feb 27 2025
During the trading process, Binance acts as a mediator and retains the cryptocurrency.
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KpopStarlet
Thu Feb 27 2025
The cryptocurrency is only released to the buyer once all the agreed-upon terms have been met by both the buyer and the seller.
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