WHY USING P2P METHOD IS MORE SECURE IN NIGERIA THAN DIRECT TRANSACTION ON BINANCE APPLICATION.
Most people around the world have known Nigerian citizens are under bam from buying, selling or trading any kind of crypto currency. It was a difficult time for almost every Nigerian who are dealing crypto currency in one way or the other. This went for a while not until when Binance management came up with idea of P2P,that's peer-to-peer transaction where you trade your coin by peering directly with someone who wants to buy or sell his or her fiat. That sounded as a good news for almost everybody in which myself isn't excluded.
HOW DO YOU TRANSACT WHEN YOU ONLY HAVE THE FIAT IN YOUR ACCOUNT?
It's obvious that Central Bank Of Nigeria(CBN) oversees all the transactions that go on in my almost all commercial banks like Guarantee Trust Bank, Sterling Bank,United Bank for Africa,Unity Bank, First Bank and so many of them. So tell me,is there a means you would want to make transaction into Binance wallet from your commercial Bank that there wouldn't be any description for the transaction? I guess No,there is where P2P stands advantage over direct transaction from your bank account to your Binance wallet.
Though it is good to note that while paying for buying a coin on P2P,you have to pay through bank transfer but which can carry so many description that you so wish. Like myself anytime I wanted to trade I always go to the inbox chat to message the buyer to use description like "PaymentForChickenSupply", of course I rear Chickens and almost every Nigerians have pay for goods and services rendered to them or to others on daily basis.
Moreso, this P2P helps to us transact without traces of involving crypto currency buy or sell while we are actually involving in coin transaction. I will term it "dribbling transaction" so that our transactions details won't be traced to any crypto currency transaction.
Another thing is,if any Nigerian is caught in crypto currency deals such person be sanctioned and his or her bank account will be striked or pegged.
P2P has always been my favourite options for a long time. The easy of transacting among merchant and at the same time your fund is safe make it a easy option for me
Yes...
On the part of P2P trading, Binance management has really tried on that part. It's truly safe.
I'm also satisfied with P2P service in binance. It fast and secure because you can release your crypto after getting the exact amount you order for sell.
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