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Binance P2P - Coggle Diagram

- - - - Verify the user's identity. DO NOT transfer the money or release the crypto if the payment account is not the buyers’ or sellers’.
    - - Ask the buyer to send you a photo of the transfer record as proof of his or her purchase before releasing crypto.
  - - - When an ad is posted the amount of crypto for the ad is automatically reserved from the seller's fiat wallet. This means that if the seller runs away with your money and does not release your crypto, or forget to release your crypto on time, our customer support can release the crypto from the reserved funds in the seller’s wallet to your wallet.
    - - When you have an issue during a P2P trade and cannot reach an agreement with your counterparty, you can ask our customer support team for help. You can report suspicious users and protect other users. If you trade outside the platform, we cannot protect you.
    - - you need to complete identity verification, also known as KYC (Know Your Customer). KYC assures that users trade with their authentic identities, and Binance reserves the right to investigate.