Binance Opens Peer-to-Peer Cryptocurrency Exchange for Cash - Binance Cryptocurrency Exchange today announced the addition of face-to-face cryptocurrency exchange for transactions on its peer-to-peer platform.

Binance Opens Peer-to-Peer Cryptocurrency Exchange for Cash

Cryptocurrency exchange Binance today announced the addition of the ability to exchange cryptocurrencies in person as part of transactions on its peer-to-peer platform..

“Thanks to this, users will be able to directly buy and sell cryptocurrency through the selected offer, and then transfer or receive cash offline in person,” the exchange explains..

The opportunity to create such offers is provided only to qualified merchants. Bitcoin, Ethereum, USDT, BNB, BUSD and EOS are supported for exchange. When creating an offer, the trader must select the appropriate payment method and indicate the desired price.

Separately, Binance has published a guide that outlines recommendations for the safe exchange of cryptocurrencies for cash. The exchange notes that a personal meeting with another party to the transaction involves certain risks for which it is not responsible. Among other things, she urges not to use third-party messengers for communication and carefully recount money before confirming the transaction..

“Don't agree to meet in a dubious place, far from the city center. The meeting place must be agreed in advance and confirmed by both participants, "the exchange writes..

At the time of publication on the Binance P2P platform, there are already several ads from merchants who want to buy USDT, BTC and ETH from users for rubles. Nobody is ready to sell cryptocurrency yet.

Previously, LocalBitcoins was one of the most popular platforms for exchanging cryptocurrencies in person, but due to the requirements of European legislation, it suspended the corresponding service, and also introduced forced user verification, which directly affected its popularity..

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