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Dec 9th, 2024
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  1. People sell on Binance P2P for several reasons:
  2.  
  3. 1. Flexibility: Sellers can set their own prices and choose from a wide range of payment methods, including local currencies.
  4. 2. Zero Fees: Unlike traditional exchanges, Binance P2P allows users to trade without transaction fees.
  5. 3. Direct Transactions: Sellers can directly connect with buyers, potentially getting better prices and faster transactions.
  6.  
  7. How Binance Makes Money from P2P
  8. Binance generates revenue from P2P transactions through several methods:
  9. 1. Withdrawal Fees: Users pay network fees when withdrawing cryptocurrencies from their Binance wallets.
  10. 2. Service Fees: Binance charges a small fee for using its escrow service, which ensures secure transactions.
  11. 3. BNB Usage: Users often use Binance Coin (BNB) for transactions, which generates fees that go back to Binance.
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