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features
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support

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Description

A peer-to-peer exchange, often referred to as a P2P exchange, serves as a platform where individuals can trade cryptocurrencies directly among themselves according to their preferences, accessible from nearly any location in the world. After initiating a P2P order, your crypto asset will be securely held in escrow by Binance P2P. You can then transfer funds to the seller using the recommended payment options. Once the fiat transaction is finalized, you should select "Transferred, notify seller" on the Binance P2P platform. After the seller verifies that they have received the payment, the crypto held in escrow will be released to you. Due to the straightforward nature of P2P exchanges, both buyers and sellers benefit from minimal overhead costs. On Binance P2P, those taking part in transactions incur no trading fees, whereas makers will pay a small transaction fee for each order they complete. We are committed to offering the lowest transaction fees for P2P exchanges across all markets. Additionally, peer-to-peer exchanges empower sellers to choose their preferred payment methods. With Binance P2P, users have access to an extensive range of over 150 payment options for buying and selling cryptocurrencies, including methods such as bank transfers, cash, PayPal, M-Pesa, and various e-wallets. This diverse selection further enhances the flexibility and convenience of trading on the platform.

Description

The PAYLAX escrow service ensures optimal security for transactions between unfamiliar parties. In this system, the seller only receives payment once the buyer has confirmed receipt and satisfaction with the purchased item or service. Funds are released through the buyer’s PAYLAX account, preventing the buyer from accessing the money without the seller's permission. Additionally, there is no requirement for the buyer to share any banking information. This arrangement allows the buyer to assess the quality of the goods before the seller is compensated. The seller is only obligated to receive payment once the buyer has securely deposited funds in an escrow account protected against insolvency. This structured process promotes fairness and transparency in every transaction. By design, the system eliminates the possibility of intentional fraud, ensuring that no goods are exchanged and no payments are processed without proper validation. Furthermore, any release of funds or refunds requires mutual agreement between the two parties involved, reinforcing trust and accountability. Ultimately, these measures work together to foster a safe and reliable transaction environment.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Bitcoin
Ethereum
Meld
Onramper
P2PTrader.Pro

Integrations

Bitcoin
Ethereum
Meld
Onramper
P2PTrader.Pro

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

0,7% Fee
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Binance

Founded

2017

Website

p2p.binance.com

Vendor Details

Company Name

PAYLAX

Founded

2015

Country

Germany

Website

paylax.com/en

Product Features

Product Features

Alternatives

Alternatives

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