Binance P2P’s Learn & Trade Challenge Details
1. If you don’t have Binance account then create first from the link given below.
2. Take the quiz Click on the button given below..
3. Now select all correct quiz options
4. Promotion A: Only for New P2P Users – Learn & Trade to Share 7,000 BUSD in Rewards
5. The first 5,000 eligible users who answer all questions correctly will each receive 1 BUSD. (First come, first served basis)
6. Promotion B: Only for Existing P2P Users – Learn & Trade to Share 3,000 BUSD in Rewards
7. Promotion Period: 2023-02-08 08:00 (UTC) to 2023-02-28 08:00 (UTC)
Binance P2P’s Quiz Answers Promotion A: New P2P User Only
Q1. What is P2P trading?
Ans: Peer-to-peer trading, where you buy and sell directly with another person without going through a middleman.
Q2. Who can use Binance P2P?
Ans: Only Binance users who have completed the identity verification process.
Q3. What are the benefits of using Binance P2P?
Ans: All are correct.
Q4. Which wallet is used for Binance P2P Trading?
Ans: Funding wallet
Q5. What should I do when the buyer sends me proof of payment via P2P chat, claiming that they have paid?
Ans: Check my bank or e-wallet balance to see if the fiat has arrived, make sure the buyer’s verified name matches the sender’s name, then release crypto.
Q6. What should I do if the counterparty asks me to provide my social account or phone number?
Ans: Do not send & insist on communicating through Binance P2P chat only.
Q7. What is a SMS scam?
Ans: Any of the above.
Q8. Will Binance P2P send me messages in the chat box asking to release funds while a transaction is pending?
Ans: Binance P2P will only send Risk Alerts in the Chat Box.
Binance P2P’s Quiz Answers Promotion B: Existing P2P User Only
Q1. What is the criteria to post ads on Binance P2P?
Ans: All of the above.
Q2. What are the Strategies to Earn Income Through Your P2P Ads?
Ans: Any of the above.
Q3. The ad posting feature is designed for users to set their preferred prices and payment methods when they participate on Binance P2P?
Ans: True
Q4. What are strategies that can help optimize your Binance P2P ads so they get maximum visibility on the platform?
Ans: Any of the above.
Q5. What should I do when the buyer sends me proof of payment via P2P chat, claiming that they have paid?
Ans: Check my bank or e-wallet balance to see if the fiat has arrived, make sure the buyer’s verified name matches the sender’s name, then release crypto.
Q6. What should I do if the counterparty asks me to provide my social account or phone number?
Ans: Do not send & insist on communicating through Binance P2P chat only.
Q7. What is a SMS scam?
Ans: Any of the above.
Q8. Will Binance P2P send me messages in the chat box asking to release funds while a transaction is pending?
Ans: Binance P2P will only send Risk Alerts in the Chat Box.
