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What is Binance P2P?

A peer-to-peer exchange, commonly called a P2P exchange, provides a platform for users to engage in direct transactions of cryptocurrencies with one another, enabling trades across practically any country. When a P2P order is initiated, the cryptocurrency being purchased is held in escrow by Binance P2P until the deal is completed. To finalize the transaction, you must send the payment to the seller via the suggested payment methods, and after the fiat transfer, you will need to click "Transferred, notify seller" on the Binance P2P platform. The seller is required to confirm receipt of the payment before the cryptocurrency in escrow is released to the buyer. The simplicity of P2P exchanges results in low overhead for both parties involved in the transaction. On Binance P2P specifically, takers, or buyers, face no trading fees, while makers, or sellers, pay a minimal fee for each transaction completed, reflecting a commitment to keeping fees as low as possible across all market segments. This system also allows sellers the flexibility to select their favored payment options, with Binance P2P offering more than 150 choices such as bank transfers, cash payments, PayPal, M-Pesa, and a variety of e-wallets. Ultimately, the P2P exchange model gives users increased control over their trading processes and fosters a more personalized trading environment. This empowerment can significantly enhance the overall trading experience for individuals looking to navigate the cryptocurrency landscape.

What is Arbiscan?

Arbitrum Rollup and Arbitrum AnyTrust are groundbreaking protocols designed to enhance transaction speed and decrease costs on the Ethereum network. Developers looking to build user-friendly decentralized applications often utilize Arbitrum One and Arbitrum Nova, the blockchain networks that implement these protocols. Within the ecosystem of Arbitrum chains, particularly Arbitrum One, the concept of a "chain owner" emerges, which acts more as an administrator rather than a strict part of the Arbitrum protocol. This role involves overseeing the implementation of changes in the system, granting the chain owner the power to modify critical system parameters, suspend incoming transactions, and importantly, update any contracts that support and enforce the foundational protocol. This arrangement allows the system to evolve while safeguarding its integrity and efficiency over time. Furthermore, the chain owner plays a crucial role in maintaining oversight in the fast-changing realm of decentralized finance, ensuring that the protocols remain adaptable to new challenges and opportunities.

Media

Media

Integrations Supported

Arbitrum
Bitcoin
Ethereum
Meld
Onramper
P2PTrader.Pro

Integrations Supported

Arbitrum
Bitcoin
Ethereum
Meld
Onramper
P2PTrader.Pro

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Binance

Date Founded

2017

Company Website

p2p.binance.com

Company Facts

Organization Name

Arbiscan

Company Website

arbiscan.io

Categories and Features

Categories and Features

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