After
getting to know something about cryptocurrencies and you now want to partake in
it. These are some kinds of stuff you would probably have in mind that how you get these
cryptocurrencies to buy...
Here I
would introduce you to the Binance peer-to-peer trading option on the Binance
app. You would have to create an account on the Binance app and then verify it
with national id card of yours or better still with your passport would be better
because it would help you get verified earlier.
The Binance
peer to peer is found on the home screen of the Binance app. With this option
you get to either buy or sell any cryptocurrency of your choice for example BTC,
ETH, USDT, BUSD etc. which are all available on the Binance peer to peer option.
STEP 1
When you
get into the peer-to-peer tab, you then choose the type of cryptocurrency you
want to either buy or sell.
STEP 2
In this
tab, you would realize there are a lot of merchants available for the transaction
you want to perform at the moment. Not that within those merchants each and
everyone has their own trading rates and also the mode of payment together with
the time range of payment to the client. Some have the dollar rate to be cool
others have theirs which is outrageous also note the time difference is
really important when it comes to this trading process.
STEP 3
After determining
the type of merchant, you want to either buy or sell with you then choose the
amount you wish to trade with also note that when you are done putting in the
amount you want to buy or sell, you’ll see either the Ghana cedi equivalent or
the BTC, ETH equivalent at the bottom of the screen. So kindly take note of
that before actually putting in the trade. Not to forget always remember to check the Merrchants rating which is done by Binance the higher the percentage the better the merchant for your transaction and also the rate.
STEP 4
Before the
actual trade is done there is a button at the top right corner of the screen where
you can chat with the merchant to know whether the person is online more often
you place trades and you realize that after hours the trade hasn’t gone through
yet but you are still holding on for the release of the cryptocurrency. so therefore,
make sure to text the merchant to know the online status of the merchant before
you commence with the trade on Binance.
STEP 5
After placing in the trade now wait for the number of minutes
stated earlier in the beginning oof the transaction for the process to be
finished. Remember to have a chat with the merchant the whole period to prevent
been scammed on the Binance p2p. after all this I am convinced you would be
able to have a sound mind in trading using the Binance p2p.
Conclusion
Binance P2P is an innovative peer-to-peer platform
that offers a fast, affordable, and private way to trade cryptocurrencies.
Although it has its limitations and risks, it is a viable alternative to
traditional cryptocurrency exchanges for those who value privacy and low fees.
However, as with any financial transaction, it's essential to exercise caution
and conduct your own research before engaging in any trading activities.
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