Average Ratings 0 Ratings
Average Ratings 0 Ratings
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.
Description
The PAYLAX escrow service ensures optimal security for transactions between unfamiliar parties. In this system, the seller only receives payment once the buyer has confirmed receipt and satisfaction with the purchased item or service. Funds are released through the buyer’s PAYLAX account, preventing the buyer from accessing the money without the seller's permission. Additionally, there is no requirement for the buyer to share any banking information. This arrangement allows the buyer to assess the quality of the goods before the seller is compensated. The seller is only obligated to receive payment once the buyer has securely deposited funds in an escrow account protected against insolvency. This structured process promotes fairness and transparency in every transaction. By design, the system eliminates the possibility of intentional fraud, ensuring that no goods are exchanged and no payments are processed without proper validation. Furthermore, any release of funds or refunds requires mutual agreement between the two parties involved, reinforcing trust and accountability. Ultimately, these measures work together to foster a safe and reliable transaction environment.
API Access
Has API
No
API Access
Has API
No
Integrations
Bitcoin
Yes
Ethereum
Yes
Meld
Yes
Onramper
Yes
P2PTrader.Pro
Yes
Integrations
Bitcoin
No
Ethereum
No
Meld
No
Onramper
No
P2PTrader.Pro
No
Pricing Details
No price information available.
Free Trial
No
Free Version
Yes
Pricing Details
0,7% Fee
Free Trial
No
Free Version
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
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
Yes
Customer Support
Business Hours
Yes
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
No
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Binance
Founded
2017
Website
p2p.binance.com
Vendor Details
Company Name
PAYLAX
Founded
2015
Country
Germany
Website
paylax.com/en