- Aug 12, 2018
The Lonely said:So: I joined Binance! (I saw the p2p section). Ok, but: Does Binance company makes this transaction safe?(me buying from some of the guys listed?). Does Binance guarantee the transaction? Or do I need to get further information from the p2p name by myself?
And after I bought the BTC, which wallet do you recommend? Or: how many time can Ikeep this at Binance before paying “the seller”? Thank you! :)
Buying from the Binance App. Isn’t “Binance” the exchange?
To get the bitcoins Isn’t it the process:
1- To Download the Binance App (to get registered properly);
2- To choose in the P2P section someone with the right amount of BTC I want, and who accepts the payment method I have to provide him (PayPal, Credit card… etc);
3- Then I bought my BTC and it will be stored at my Binance Wallet, right?
4- Then, I stay with this amount of BTC I bought at this Binance Wallet for 2 or 3 days, and meanwhile I contact the seller (who sells whatever I want to buy), and as he sends me by email the amount he charges (…) (oh, Now I stuck. What will he send me? ) But just confirm if the process will be like that or (…) what? Thank you :)
Don't worry, Binance has "lock-in" process that protect both sides, the buyer and the seller.
Also, Binance verifies carefully for those who want to become P2P merchant.
If anything wrong happens, you can always report the transaction to Binance authority.
You can use any wallet you want, for me I use https://www.blockchain.com/