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- People sell on Binance P2P for several reasons:
- 1. Flexibility: Sellers can set their own prices and choose from a wide range of payment methods, including local currencies.
- 2. Zero Fees: Unlike traditional exchanges, Binance P2P allows users to trade without transaction fees.
- 3. Direct Transactions: Sellers can directly connect with buyers, potentially getting better prices and faster transactions.
- How Binance Makes Money from P2P
- Binance generates revenue from P2P transactions through several methods:
- 1. Withdrawal Fees: Users pay network fees when withdrawing cryptocurrencies from their Binance wallets.
- 2. Service Fees: Binance charges a small fee for using its escrow service, which ensures secure transactions.
- 3. BNB Usage: Users often use Binance Coin (BNB) for transactions, which generates fees that go back to Binance.
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