Hello guys and welcome to my channel Adobe, because I generate well. In this article, I'll be teaching you guys how to trade pay-to-pay on the Binance platform. So, I've been receiving a lot of requests asking me to explain how to trade pay-to-pay on the Binance platform. So, in this video, I'll be teaching you guys how to do this just in a short moment. So, if you're visiting this channel for the first time or if you'd like to subscribe to this channel, please kindly do subscribe to this channel so you won't miss out on any of my videos. And kindly also remember to turn on the notification bar so you won't always get video notifications anytime I post new videos.
Okay, now if you open your Binance app, this is how the Binance app looks like, this is the homepage. So, once you open this Binance app, the next thing you do is you look at the down right part of the screen, you see where the right wallets here. In your wallet, you select wallet. Then this is your wallet. So, you look at the upper part of your screen, you will see where they write overview, spot, margin, features, P2P and N. So you kindly select. So here in your P2P, you will see different options of coins you may want. So depending on the one you want to buy, whether you want to buy USDT, BTC, BUSD, whether it's BNB, ETH, or XRP, anyone you want to buy. So what you're going to do is you select the coin you want to buy. So here I'll be buying the USDT.
So once you select buy, this fees you come out. So here you're expected to enter how much amount of USDT you're willing to buy so that you can measure and break out the number of USDT you'll be able to get with the amount of money you actually entered. So here I'll enter the amount of money I'm willing to pay. So I'm going to pay 100,000. And you can see the amount of USDT I'm going to get is 197 USDT. So if you reduce the price, you will see that the price of the number of USDT will also decrease.
OK guys, I've actually transferred the money to the patient's account so now we can proceed. So after the transfer the next thing you do is you go ahead and select transferred next. So you select this icon. So once you've selected transferred next you'll see two options there. See cancel and you see appeal. You only cancel the transaction if maybe something happened and you want to translate the transaction. But one thing you should know is that if you cancel the transaction you're going to lose your money because the person have not given you or released the assets and you've already transferred your money. Then when you appeal is when maybe you finish transferring and the person refuses to release the assets into your account.
Now like I used to do normally, it's not your responsibility to remind the person that you've transferred. But for me I will go back to the chat and tell the person I have transferred. So I'll come here and tell the person "OK." So I'll just wait for the person to confirm the money and then release the assets, that's just the next process. Well so as you can see guys, the guy has released the assets to my account. So as you can see, you can see my balance in P2P, I have 89,000 Naira in my P2P account. That means I have released it.
Q: What is the topic of the first section?
A: Introduction to Trading Pay-to-Pay on Binance
Q: What is the main content of the first section?
A: The first section provides an introduction to trading pay-to-pay on the Binance platform and explains how to do it.
Q: What is the topic of the second section?
A: Navigating the Binance App for P2P Trading
Q: What is the main content of the second section?
A: The second section guides users on how to navigate the Binance app for P2P trading including selecting coins and making purchases.
Q: What is the topic of the third section?
A: Executing the P2P Trade on Binance
Q: What is the main content of the third section?
A: The third section explains the process of executing a P2P trade on Binance including entering the desired amount and receiving the calculated amount of the chosen cryptocurrency.
Q: What is the topic of the fourth section?
A: Completing the P2P Transaction on Binance
Q: What is the main content of the fourth section?
A: The fourth section outlines the steps to complete a P2P transaction on Binance, including transferring the money, selecting options like cancel or appeal, and the implications of each choice.
Q: What is the topic of the fifth section?
A: Concluding the P2P Trade and Confirming Transaction
Q: What is the main content of the fifth section?
A: The fifth section concludes the P2P trade process, discussing the responsibility of informing the other party about the money transfer, confirming the transaction, and verifying the assets received in the account.
