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Missed the AMA with BingX P2P Community Ambassador @MoneyExchange?
Want to know how to become a P2P merchant and start profiting?
Don't worry. Here is the recap!
🎯Q1: What is P2P?
@MoneyExchange:
BingX P2P is a user-centric fiat currency trading platform. It facilitates direct and handy fiat-to-crypto trades between users and merchants
🎯Q2: Why should I use P2P to make a deposit instead of other "usual" ways?
@MoneyExchange:
cuz its faster and has no trade and transfer fee
🎯Q3: How secure is P2P for buyer? Is there a mechanism to safeguard the security of the buyer, incase the seller refuse to release fund after the buyer make necessary payment in the currency of his choice.
@MoneyExchange:
Security of trade in P2P is checking by BingX and it special mechanism
If any problem happens, buyer or seller had to contact us and we will check it in few minutes
In your case, when a trade opens , we freeze the merchant crypto asset and if he refuse to release, we will take the proof of money transfer from buyer and will continue trade ourselves
🎯Q4: How do you find a trusted merchant to avoid fraud or rogue sellers?
@MoneyExchange:
You can check merchants successful trades number which written and we always check merchants and as we receive a report, we control and ban merchant
🎯Q5: How can I securely and efficiently deposit and withdraw funds in P2P trading? What are the recommended steps for becoming a P2P merchant and generating profits? Please provide guidance on P2P transactions.
@MoneyExchange:
Both user and merchant had to use their own bank accounts or payment methods
and merchant had to check the amount of money and the sender name then releasing funds
🎯Q6: How to avoid scams when using P2P? , can you please share some tips?
@MoneyExchange:
Sure!
first of all you had to use your own bank cards or payment systems
another is check the price and number of trades that merchants did before
we have special methods for guarantee security of trades in P2P for avoiding scams
if any problem happened, you can immediately connect our support and we will check it in few minutes
🎯Q7: What is the difference bet p2p trading to buy fiat and buying fiat directly in terms of fees? Will there be other p2p for other cryptocurrencies aside from fiat?
@MoneyExchange:
P2P is faster and no fee (for trade and transfer crypto)
and it supports more payments services and fiats and doesn't need another verification in other apps or exchanges
usually prices in P2P are cheaper than local exchanges
🎯Q8: P2P trading is not well recognized due to various fraud issues
It's easy for people in other countries to use, but difficult to solve.
1. How can we judge the reliability of each p2p trader in bingx?
2. What stable system tools does bingx have for p2p?
3. What is the transaction turnaround time?
4. What are the transaction fees?
@MoneyExchange:
We continuously checking merchants and traders and our security system for P2P can protect users from scam
we have special system and security for P2P and exclusive 24/7 support for it
time for transaction of crypto after buyer and seller confirm is only 1 second!
we have no fee for trade and crypto transfer in BingX :)
🎯Q9: For transparency and avoidance of scams. How is P2P be able to assure both merchant and customers of its services from deposit and withdrawal? Can both merchant and customer be safe and secure using P2P? Can bingX able to help and take action on complaints both sides will in the future be experiencing problems along the way? Is their a fast refund if problems of scams, etc. arises?
@MoneyExchange:
If any problem happens you have to connect our support system
we will check in few minutes
in general we freeze the assets of merchant until the deal done
if he doesn't release, we will check and after getting proofs we will continue the order
and buyer can withdraw the crypto after 24 hour
🎯Q10: que requisitos se necesitan para ser comerciante p2p en bingx? de que manera interviene bingx para garantizar el correcto funcionamiento y minimizar las estafas?
@MoneyExchange:
Just need to complete KYC verification and bind email and number and apply
our special security system checks the users and merchants and freezing the funds until trade is done and has 24 hour withdraw limit
🎯Q11: تعریف ساده شبکه همتا به همتا و چگونگی کار کرد ان وانواع شبکه همتا را بگویید و بگویید که کاربرد ان در شبکه بلاک چین چیست؟
@MoneyExchange:
تعریف سادش اینه خرید و فروش تتر و سایر ارزهای دیجیتال از فروشنده ها و تاجرها در صرافی بدون نیاز به صرافی های خارجی
کاربردش اسان کردن خرید و فروش رمزارز در یک صرافی با سرعت بالا و قیمت مناسب
🎯Q12: As an African I am interested in your opinion on why you think Africans could benefit from this new feature and what are the key requirements if I would like to join your organization and become a merchant bearing in mind that I reside in Botswana. I would also like to know why what separates your platform from similar alternatives.
@MoneyExchange:
Our service is open for most countries and everyone can join and enjoy!
you can become our merchant and start to buy/sell usdt in your local currency or fiats which you have access it needs just
KYC verification and bind your email and phone number and clicking link https://bingx.paycat.com/en-us/merchantApplication/
if your fiat not supported yet, just connect to us we will add it soon))
our platform supports all countries and fiats plus we have special support for merchants and buyers and its
🎯Q13: آیا می‌توان با تومان و ریال تتر و دلار خرید کرد و چگونه ؟
@MoneyExchange: بله از قسمت خرید رمزارز همتا به همتا(داخل برنامه صرافی یا سایت) و انتخاب تومان
🎯Q14: Доброго дня, яку. суму треба внести на депозит, для торгівлі на p2p, , чи депозит має бути у usdt, чи може бути у криптовалюті? І якщо мене цікавить торгівля гривня-usdt, то мій депозит на біржі також має бути в гривні? які комісії при обміні, а також який має бути місячний об'єм торгівлі. Дякую за відповідь.
@MoneyExchange:
We support USDT now but more crypto will added soon
we support most of fiats and currencies
if yours not there, just contact us and we will add it))
fee for trade and transfer is zero there
and there is no limit trade
🎯Q15: How much is the transaction fee?
@MoneyExchange: Our P2P service for trade and transferring crypto has no fee :)
🎯Q16: What happens when i do p2p then after i sent the money to the person dies what should i do?
@MoneyExchange:
If any problem happens, just contact tp our support
we will check it for you and if you send money and enough proofs, we will process trade and you will get crypto
🎯Q17: Вітання з України!у нас великий ринок і багато людей хочуть працювати у сфері криптовалюти здійснювати операції торгівлі ,питання щодо довіри-чому Ви порекомендуєте здійснювати операції на біржі BingX,а не на інших? як забезпечується безпека операцій? дякую за відповідь і бажаю розвитку!
@MoneyExchange:
In BingX we give exclusive support for users and merchants and we support most of countries and fiats
our service has no fee
for security we have special method for guarantee the safe trade for buyer and seller
🎯Q18: با عرض سلام و احترام میخواستم از مهمان گرامی سوال بپرسم که سیستم p2p بر چه اساس و مکانیسم نرم افزاری کار میکند با تشکر؟
@MoneyExchange:
p2p در داخل صرافی موجوده
و نیاز به نرم افزار دیگه ای نیست
از طریق اپلیکیشن و سایت میتونید دسترسی پیدا کنید
🎯Q19: Why all of merchant P2P have 0 deposit security? is it safety to buyers? please explain it i want to heard, thank you..
@MoneyExchange:
We did it so more merchants can join us and have an experience :)
we have special methods for guarantee the safety of trade in P2P
🎯Q20: What should we do if the seller not release the coin more than 2 hours?
@MoneyExchange:
You should contact to our support service and we will check it in few minutes
and after you gave proof or money transfection to merchant bank , we will release crypto ourselves
🎯Q21: کارمزد معاملات چقدراست؟
@MoneyExchange: هیچ کارمزی ندارد چه تو بخش معامله چه تو بخش انتقال رمزارز
🎯Q22: واریز و برداشت از طریق درگاه p2p در تمام کشورها قابل استفاده هست؟ ایا محدودیت بانکها باعث شکست این نوع واریز و برداشت نمیشود؟
@MoneyExchange:
We support most of countries and fiats
bank limits isn't problem for it
users can use many payment services
🎯Q23: to deposit and withdraw funds through P2P safely and quickly?
@MoneyExchange:
yep
its done by BingX internal withdraw so its fast and no fee
🎯Q24: در صورت عدم همکاری تاجر همتا به همتا آیا بینگ ایکس امکان پشتیبانی لازم برای برگشت وجه را به خریدار دارد؟
چرا حداقل فروش برای تاجر ۲۰ تتر است و مبالغ پایین تر امکان فروش ندارند؟
@MoneyExchange:
yeah we freeze the assets of merchant until the deal done
if he doesn't release, we will check and after getting proofs we will continue the order
and minimum of sell is set by merchant
🎯Q25: What payment methods are available
@MoneyExchange:
For every fiat and country , there is special payment methods
we tried to add all
everyone can contact us and suggest the methods we didn't add yet ))
🎯Q26: What are the fundamental steps that users should take to secure their accounts and transactions when trading through P2P? Are there any additional tips or guidelines to ensure the safety of financial transactions in a P2P environment?
@MoneyExchange:
Both user and merchant had to use their own bank accounts or payment methods
and merchant had to check the amount of money and the sender name then releasing funds
🎯Q27: Is P2P available for Nigerians? because i can't see any ads.
@MoneyExchange:
Its available for most counties
if you cant find your currency, just contact us we add it soon :)
🎯Q28: Why is the p2p section limited? I can only see a couple of merchants, is there a way to add more merchants?
@MoneyExchange:
All users can become merchant and there is no limt
just need few steps as completing KYC verification and bind email and number and apply
🎯Q29: P2P上的賣家都賣得比市價高，是什麼原因誘使你在上面交易？
@MoneyExchange:
Merchants can post any price prices in P2P are usually lower than third party exchanges
🎯Q30: How to avoid people from freezing funds for several hours as a merchant?
@MoneyExchange:
You can active Security Verification for your ads
users can't do fake payment verify
🎯Q31: Kindly discuss to us the payment methods, do you allow third party transfer?
@MoneyExchange:
Most fiats and country payment methods are include third party payments are not allowed
🎯Q32: What distinct advantages does BINGX P2P offer for individuals seeking to earn through P2P trading compared to different platforms, and what strategies, tools, or resources can traders utilize within the BINGX ecosystem to optimize their earning potential? Additionally, how does BINGX ensure a secure and transparent P2P trading environment, and are there any specific risk management measures or guidelines that traders should adhere to when engaging in P2P trading on the BINGX platform?
@MoneyExchange:
We have exclusive support and rewards for our merchants and users
trading in BingX P2P is easy and has no fee
our special security system always checking merchants and orders
freezing the assets during the trade and 24 hour withdraw limit are some example of our security ensure
we wrote our rules and guidance all can check them from https://bingx.com/en-us/support/articles/6869271770777/
🎯Q33: BingX has allowed merchants not to have security deposit, how safe would this be for buyers since there will be no assurance for buyers if buyer pays the merchant but merchant does not release the asset?
@MoneyExchange:
Once an order made by buyer , that amount of funds gets freeze in merchant asset, so after deal done or canceled they can use it plus it has 24 hour withdraw limit for merchant safty
and if merchant didn't release, buyer had to contact our support and after we got proofs , we will continue the order and will release
🎯Q34: What can p2p provides that the other methods can,t ?
is it gonna be helpful or not?
@MoneyExchange: P2P is faster and has no extra fee
🎯Q35: Is there a live customer support l if we got in trouble with the merchant like if the transaction failed with the other parties?
@MoneyExchange:
yeah
in order page you can find contact support option and its connected our P2P support
🎯Q36: 1. What is P2P trading and how does it differ from traditional trading methods?
2. What are the main advantages and disadvantages of P2P trading?
3. How is the security and trustworthiness of P2P trading transactions ensured?
4. Are there specific regulations or legal considerations for P2P trading platforms?
5. What are the common challenges and risks in P2P trading, and how can users mitigate them?
6. Can you provide examples of successful P2P trading platforms or projects?
@MoneyExchange:
1.BingX P2P is a user-centric fiat currency trading platform. It facilitates direct and handy fiat-to-crypto trades between users and merchants.
2.P2P is faster and has no fee for trade and transfer
3.we have special security system for it as freezing assets during trade and 24 hour withdraw limit
4.yeah we wrote all rules and guidance here https://bingx.com/en-us/support/articles/6869271770777/
5.for avoiding risks and problems merchants and users had to use their own bank accounts and money
🎯Q37: What are your solutions if I buy crypto coin in a huge amount in P2P but then the merchant P2P trader didn't give me my crypto coin? Can I redeem it?
@MoneyExchange:
If merchant didn't release, buyer had to contact our support and after we got proofs , we will continue the order and will release
🎯Q38: What is the difference of BingX p2p merchant to the other exchange in terms of security and reliability
@MoneyExchange:
We have exclusive support and rewards for merchants and users
and our special security system can guarantee the safe trade as freezing the merchant funds during the order and 24 hour withdraw limit
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