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Binance P2P Quiz Answers Today
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Q1. The holding mechanism that secures your crypto during a transaction in order to prevent scams is called?
Answer: Escrow
Q2. These users have to pick a nickname. They are:
Answer: Makers
Q3. True or False? All merchants are also considered makers.
Answer: True (Not Sure)
Q4. When you purchase crypto via Binance P2P, to which wallet is it transferred?
Answer: Funding Wallet
Q5. If you are looking to trade in bulk, you would trade with:
Answer: Block merchants
Q6. The taker fee for Binance P2P users is
Answer: 0%
Q7. True or False? You are a taker if you post P2P ads.
Answer: False
Q8. The two price types a user can select from while creating ads are:
Answer: Fixed and Floating
Q9. The act of buying crypto at a lower price somewhere and selling it at a higher price elsewhere is called:
Answer: Arbitrage
Q10. If you are a buyer and you cancel your order, it will affect your:
Answer: 30d completion rate
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Conclusion
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