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{tocify}$title={Table of Contents}Binance A Beginner’s Guide to Buying and Selling Crypto via Binance P2P Quiz answers
Here are all the answers to Binance's latest A Beginner’s Guide to Buying and Selling Crypto via Binance P2P quiz
Question 1: What is P2P trading?
Answer is : Peer-to-peer trading, where you buy and sell directly with another person without going through a middleman.
Question 2: Who can use Binance P2P?
Answer is : Only verified Binance users.
Question 3: What are the benefits of using Binance P2P?
Answer is : All are correct.
Question 4: Which wallet is used for Binance P2P Trading?
Answer is : Funding wallet
Question 5: What should I do when the buyer sends me proof of payment via P2P chat, claiming that they have paid?
Answer is : 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.
Question 6: What should I do if the counterparty asks me to provide my social account or phone number?
Answer is : Do not send & insist on communicating through Binance P2P chat only.
Question 7: What is a fake SMS scam?
Answer is : Any of the above.
Question 8: Will Binance P2P send me messages in the chat box asking to release funds while a transaction is pending?
Answer is : Binance P2P will only send Risk Alerts in the Chat Box.
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