Quiz Answers to “A Beginner’s Guide to Buying and Selling Crypto via Binance P2P”

Win free cryptos by participating in the Binance Learn & Earn Quiz “A Beginner’s Guide to Buying and Selling Crypto via Binance P2P”.

 

 

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“A Beginner’s Guide to Buying and Selling Crypto via Binance P2P” Quiz Answers

Here are the answers to this Binance Learn and Earn quiz:

 

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Q1: What is P2P trading?

Answer: Peer-to-peer trading, where you buy and sell directly with another person without going through a middleman.

 

Q2: Who can use Binance P2P?

Answer: Only verified Binance users.

 

Q3: What are the benefits of using Binance P2P?

Answer: All are correct.

 

Q4: Which wallet is used for Binance P2P Trading?

Answer: Funding wallet.

 

Q5: What should I do when the buyer sends me proof of payment via P2P chat, claiming that they have paid?

Answer: Check my bank or e-wallet balance to see if the fiat has arrived, make sure the buyer’s verified name matches the sender’s name, then release crypto.

 

Q6: What should I do if the counterparty asks me to provide my social account or phone number?

Answer: Do not send & insist on communicating through Binance P2P chat only.

 

Q7: What is a fake SMS scam?

Answer: Any of the above.

 

Q8: Will Binance P2P send me messages in the chat box asking to release funds while a transaction is pending?

Answer: Binance P2P will only send Risk Alerts in the Chat Box.

 

How to Get Started with Binance Learn & Earn Quiz “A Beginner’s Guide to Buying and Selling Crypto via Binance P2P”

• First, update your Binance Appin Play Store to latest version and visit the Binance Learn & earn quiz webpage directly.
• Login into your Binanceaccount or create an account if you are new user.
• Go to homepage and click on theLearn & Earn quiz banner – A Beginner’s Guide to Buying and Selling Crypto via Binance P2P.
• Start the quiz using the above answerswe provided if needed.

 

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