Is P2P Crypto trading legal in India? “P2P transactions are still open. When the RBI had banned all banking channels for crypto in 2018, then also exchanges were running through P2P,” Tushar Chaudhary, director of Digital Assets LLP, told FE Online.
Is P2P trading on Binance safe? At Binance P2P, we provide an escrow service that ensures safe and fair trading. Once a buyer completes their order, we handle the seller’s cryptocurrency in a temporary deposit until both parties confirm the transaction is successful.
Is peer-to-peer crypto safe? Peer-to-peer platforms are considered the most secure way of trading between users. Escrow in this case means an agreement in which a third party ( the p2p platform) holds the funds in safe and secure manner until the promised trade is completed and both parties have agreed to the trade. Also know as an Escrow service.
What is P2P Crypto trading? Peer-to-peer (P2P) trading is a type of cryptocurrency exchange method that allows traders to trade directly with one another without the need for a centralized third party to facilitate the transactions.