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Description
Binance DEX serves as the primary marketplace on Binance Chain, enabling the trading of digital assets that are both issued and listed there. Transactions occur directly within blockchain nodes, creating an on-chain record that provides a thorough and verifiable history of all activities. Unlike traditional centralized exchanges, the matching process on DEX operates under a distinct set of protocols. To optimize your trading strategy and ensure your orders are well-placed, please review the specifications related to trading and order matching detailed below. Understanding these nuances can significantly enhance your trading effectiveness.
Description
A peer-to-peer exchange, often referred to as a P2P exchange, serves as a platform where individuals can trade cryptocurrencies directly among themselves according to their preferences, accessible from nearly any location in the world. After initiating a P2P order, your crypto asset will be securely held in escrow by Binance P2P. You can then transfer funds to the seller using the recommended payment options. Once the fiat transaction is finalized, you should select "Transferred, notify seller" on the Binance P2P platform. After the seller verifies that they have received the payment, the crypto held in escrow will be released to you. Due to the straightforward nature of P2P exchanges, both buyers and sellers benefit from minimal overhead costs. On Binance P2P, those taking part in transactions incur no trading fees, whereas makers will pay a small transaction fee for each order they complete. We are committed to offering the lowest transaction fees for P2P exchanges across all markets. Additionally, peer-to-peer exchanges empower sellers to choose their preferred payment methods. With Binance P2P, users have access to an extensive range of over 150 payment options for buying and selling cryptocurrencies, including methods such as bank transfers, cash, PayPal, M-Pesa, and various e-wallets. This diverse selection further enhances the flexibility and convenience of trading on the platform.
API Access
Has API
No
API Access
Has API
No
Integrations
1inch Wallet
Yes
Accointing by Glassnode
Yes
BNB Smart Chain (BSC)
Yes
Binance
Yes
Binance Web3 Wallet
Yes
Bitcoin
No
Bitquery
Yes
Coinpanda
Yes
Ethereum
No
Ledger
Yes
Integrations
1inch Wallet
No
Accointing by Glassnode
No
BNB Smart Chain (BSC)
No
Binance
No
Binance Web3 Wallet
No
Bitcoin
Yes
Bitquery
No
Coinpanda
No
Ethereum
Yes
Ledger
No
Pricing Details
No price information available.
Free Trial
No
Free Version
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
Yes
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Binance
Founded
2017
Website
www.binance.org/en/trade
Vendor Details
Company Name
Binance
Founded
2017
Website
p2p.binance.com
