#Binance desktop app reddit how to

Without a verified account, you can’t trade on the P2P market. Step 1: Make sure you have an account on Binance and complete your KYC. Escrow and robust dispute handling system protecting both buyers and sellers.Merchants are verified by Binance and only KYCed users can place orders.Binance has Zero transaction fees until October of 2020, so go make use of it!.There are 6 cryptocurrencies available on Binance P2P, from which you can choose the one you like, or well, trade with all of them with your choice of payment method including bank transfer, UPI, etc.Let’s delve into how you can buy any crypto using INR, on the Binance P2P exchange. An escrow holds the funds, the cryptocurrency asset before releasing them to each party, ensuring that both transact without trouble. Without an escrow, trusting on the other party to fulfil their end of the transaction can be difficult. An escrow is essentially an intermediate caretaker that makes sure your funds are safe when transferring them to a user. 6 Binance’s peer-to-peer Pioneer ProgramĪ P2P exchange refers to a transaction featuring digital currencies between two peers (electronic) directly, where, for security considerations, an Escrow (a third party trustee) account mechanism may be used.

#Binance desktop app reddit how to

3 How to Buy Crypto on Binance with INR.

That lets us use fiat money like the Indian Rupees (INR), to buy or sell cryptocurrencies in a jiffy. That is why we’re going to be using the (P2P) peer-to-peer mode of exchange on Binance. Binance, however, doesn’t let us use fiat currencies to pair up with cryptocurrencies directly.

This is a small guide on buying and selling cryptocurrencies via the exchange Binance – one of the largest crypto exchange in the world used by a staggering number of traders. You can either sell them later at a higher price or use them to buy something from companies that accept cryptocurrencies as a mode of payment. Some say buying cryptocurrencies is just like buying gold or silver, and it’s up to you to do whatever you want with them. In this article we will look at how Indian users can buy and sell crypto with INR directly from the Binance Mobile app using Binance P2P.Ĭryptocurrencies have gained so much in popularity lately, to the point of every other tech portal featuring a section dedicated to them.