Thank you for attending the lecture in Steemit-Crypto-Academy- Season 2 & doing the homework task-1.

How does escrow protection help a buyer and seller?

• Once a trade is initiated, a seller can not cancel it, either the buyer can cancel it, or perform the trade or timeout occurs, and automatically cancelled.
• A seller can only release it, in the case of a dispute the third party intervenes to verify the fact/evidence and release it to the rightful owner.

The only downside of the P2P Market is that, depending on the complexities of trade, at times dispute resolution could take some time. But again, your fund is always safe.

In the P2P market(USDT), the minimum and maximum amount depend entirely on the market taker and market maker.

Correction:- It depends entirely on the Market Maker. Because a Market Maker(aka Advertiser) defines the min/max limit. And based on that limit a Market Taker can trade with that Advertiser.

You can trade with only 1 USDT.

You can even trade in cents, be a Market Maker and publish an Ad of 0.5 USDT. Huobi won't restrict you. In other words, there is no such minimum or maximum limit(all depends on the Advertiser), or any restriction to publish an Ad.

Feedback/Suggestions:-

• The author has demonstrated how to set up an Exchange niche in Huobi P2P.
• The author has published an Ad as Market Maker to sell his 10 USDT and also demonstrated all the steps involved in that process, including window time, release time, chat interface, interaction with his counterpart, etc with all the screenshots at each step.
• We would suggest the author explore the use of TRC 20 USDT particularly if he is using different exchanges, in that way it can be cost-effective for the user to move funds in Tron Network as compared to ERC 20 USDT.

Thank you.

Homework Task -1 accomplished.
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