Steemit Crypto Academy | Season 2: Week1-Homework for [@sapwood] ...P2P Market-USDT (Binance/Huobi)
Explain how you set up your exchange niche in P2P Market(Binance or Huobi)- Market Maker/Advertiser?
Binance interface
Risk notice warning us to read T&C and banking details of seller
Ads by other sellers
Turn adv mode
A confirmation notifice will appear.
Confirm this notice
Click on post Ads
Next step to set niche is to enable KYC
To enable KYC , Basic and Advanced security verification is needed. Basic verification involves updating your personal details like country you live in, Name, DOB, Residential adress.
Details have to filled as per identifying documents.
Advanced verification involves uploading photograph and front & back side of identifying documents and than a live photograph ( asking you to open and close mouth) . Than set your nickname and your niche is ready.
Explain how you buy/sell USDT in the P2P Market of Binance or Huobi for fiat? (Screenshot needed)
- Open Binamce App , on the main page , click P2P and the following page will open.
- From the list of sellers available, select the one that matches your requirements.
Select the amount of USDT. I wanted to purchase two USDT .
Check payment methods of seller . So aa to confirm that, if you can transfer funds via seller selected modes. A seller can select upto 3 payment methods.
Click on transfer
the fund and pay via desired mode .Once you have completed sending payment, only then click " transferred, next ".
i paid funds via Google pay to the SBI bank account of the seller.
Shortly after transfer of funds, 2 USST were released by seller. I received direct message on my phone number. I than checked for completed transactions.
How does escrow protection help a buyer and seller?
Eacrow For Buyer
Escrow for seller.
What are the different payment methods (fiat options) available in Binance or Huobi? (Choose any one exchange to demonstrate) Have you ever used any of the fiat payment methods to trade your USDT? Examples/Screenshot?
Next page to open is
Click on Add payments method and you will see below interface.
We have four Recommended methods and there is also an option to look for "All payments methods ".
Click on All payments methods and payments methods will be displayed in Alphabetical order.
You can search for payment method from search bar.
I have made use of Google pay (UPI) as mentioned above to purchaae USDT.
Google pay added to p2p
Transaction history from my Google pay