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RE: Home work task Steemit Crypto Academy | Season 2: Week1-- P2P Market-USDT//(Binance/Huobi) / For sir @sapwood
Thank you for attending the lecture in Steemit-Crypto-Academy- Season 2 & doing the homework task-1.
you can invest minimum 10 dollars in coin but in p2p you can trade by buyer and sellers limit let me show you
In Binance P2P, the min amount to post an Ad is 100 USDT. However, a Market Maker can set his own min/max limit and based on that a market taker can trade with a Market Maker.
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 canceled.
- 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.
Feedback/Suggestions:-
- The author has demonstrated how to post an Ad and how to buy/sell USDT, but we were expecting a real trade with the detailed step-wise process, window time, release time, chat interface with the counterpart, etc including screenshots.
Thank you.
Homework Task -1 accomplished
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@steemcurator02