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Binance P2P Tutorial - How To Add Funds, Trade & Withdraw

Started by Bitcoin, Sep 17, 2022, 04:35 am

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Binance P2P Tutorial - How To Add Funds, Trade & Withdraw

Should you decide to transfer the funds to an external wallet or an exchange other than Binance, you will have to pay a withdrawal fee. These fees could range between $0.80 and $10+ USD, depending on the coin you're withdrawing and  cryptocurrency the network you're using. In this scenario, the fees would have been deducted from the withdrawal value, so you would need to add them on to the amount you'd like to transfer.

imageThis is not the first time the crypto exchange has launched a service in Australia. In fact, in March of 2019, the company launched Binance Lite Australia, a brokerage service that allows users to buy Bitcoin with AUD.

The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space. The 1inch Network's first and flagship protocol is a DEX aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange. This protocol incorporates the Pathfinder algorithm which finds the best paths among different markets over 60+ liquidity sources on Ethereum, 30+ liquidity sources on Binance Smart Chain, 30+ liquidity sources on Polygon, Optimistic Ethereum and Arbitrum. Doing swaps via 1inch, users access liquidity on major DeFi platforms, including Uniswap, Balancer, Bancor, Aave, DoDo, 0x, Curve and SushiSwap, but get better deals than when trading directly on these protocols.

Binance P2P is a Peer to Peer marketplace where buyers and  crypto seller directly exchange their crypto assets for fiat currencies. Here Binance acts as an intermediary only to improve the security of the process of exchange of assets.

This is not the first time the crypto exchange has launched a service in Australia. In fact, in March of 2019, the company launched Binance Lite Australia, a brokerage service that allows users to buy Bitcoin with AUD.

Compare the best Yield Farms currently available using the table below. Yield farms are decentralized platforms that enable users to stake or lend cryptocurrency and digital assets in liquidity pools with the goal of generating yield and return on investment on staked or deposited cryptocurrency.

The swap has several key features that are specifically designed for retail traders and investors. DEXes built on Meter is also front running resistant. The network charges a minimum gas price. VoltSwap is the first major DEX in the Meter ecosystem. With more than 110 validator nodes on Meter, Meter is the most decentralized and fastest Ethereum layer 2 side chain. In addition to the lightning-fast and  crypto low gas cost transactions on Meter. Crosschain arbitrages and onboarding exchange DeFi chains with no KYC restrictions. VoltSwap is both censorship and front running resistant yet fully transparent as the original Ethereum. It is a completely community-driven project to showcase the capabilities of the Meter blockchain. Transactions that meet the gas price requirement are ordered based on the time the network receives them instead of the gas prices. Since Meter Passport connects to multiple chains, VoltSwap provides the swap capability for  btc swapping assets from different chains.

Gate.io (can choose what blockchain you want when sending) 2. Gemini (get 10 free sends per month and you can send funds to them via swift) 3. Anchor, Celsius, Vauld and Phantom for staking.

If everything checks out, we can confirm the transfer. Since the transfers are irreversible, Binance will displaying a warning when we select the destination network, and will require another confirmation before the transaction is initiated.

You can also use Binance to convert from one cryptocurrency to another. If you want to learn more about how you can buy BUSD on Binance, you can check out the following guide. For example, if you hold BTC and want to send BUSD to another Binance account, you can deposit some BTC to Binance and convert it to BUSD.

Sellers can decide the mode in which they want to be paid such as bank, wallets, cash, etc. You can create a trade advertisement to buy or  btc sell at your own price. Binance charges no trading fee for P2P trading. There are over 150 such different methods supported by Binance. Seller's assets are locked up by Binance till the transaction is complete. You do not need to use your bank account to buy from Binance P2P. You can use cash as well.

Another advantage of sending coins from one Binance account to another is when you're sending a cryptocurrency that's available on multiple blockchains. You can send the coin over any of the blockchain options supported by Binance, but make sure that you and the recipient are on the same page about the blockchain network you want to use.

Thus, improving the security and reliability of the process. There are over 150 different methods through which fiat currency can be paid or received by a user on Binance P2P. Binance locks up the seller's crypto assets from the time he initiates a selling advertisement till these assets are actually transferred into the buyer's account.

Source: Binance P2P Tutorial - How To Add Funds, Trade & Withdraw

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