Binance P2P Learn and Trade Quiz Answers: Gain knowledge of Binance P2P & Get 4 USDT in a Token Voucher
This offer is only valid for all Binance users in selected countries in Eastern and Southern Africa. Where you just need to take a simple quiz & purchase crypto on P2P in order to get a 4 USDT reward.
The first 200 eligible users who complete the quiz with the correct answers and make a first purchase of at least $25 or equivalent in any crypto will each receive 4 USDT in a token voucher.
This program is valid from 21st July to 11th August 2023. Complete the quiz during the period to get a 4 BUSD voucher.
To participate in this campaign, you must have an account on the Binance app & you should complete your KYC verification.
You May Also Like:
How To Take Binance P2P Learn and Trade Challenge?
1) Download the Binance app from the below-given link.
2) Now create your account & must complete the verification process.
3) Then Click Here to take P2P Learn and Trade Quiz.
4) There will be a total of 12 multiple-choice questions, select the correct answer to get the reward.
5) Token voucher rewards will be distributed within three weeks after the Promotion ends.
Binance P2P Learn and Trade Quiz Answers:
Q1: What is P2P trading?
Answer: Peer-to-peer trading, where you buy and sell directly with another person without going through a middleman.
Q2: Who can use Binance P2P?
Answer: Only Binance users who have completed the identity verification process.
Q3: What are the benefits of using Binance P2P?
Answer: All are correct.
Q4: Which wallet is used for Binance P2P Trading?
Answer: Funding wallet
Q5: Before making your first trade what steps must you take to set up your account?
Answer: All are correct.
Q6: What should I do when the buyer sends me proof of payment via P2P chat, claiming they have paid?
Answer: Check my bank or e-wallet balance to see if the fiat has arrived and make sure the buyer’s verified name matches the sender’s name, then release crypto.
Q7: What should I do if the counterparty asks me to provide my social account or phone number?
Answer: Do not send. Insist on communicating through Binance P2P chat only.
Q8) When should I click on “Transferred, notify seller”?
Answer: When I have sent the payment to the seller and received proof of that payment from the payment processor.
Q9) What should you NOT do when choosing a payment method to trade with?
Answer: Make sure it’s a payment method that you are familiar with.
Q10) What should I do to avoid falling victim to a “man in the middle” scam?
Answer: All are correct.
Q11) What should I do to avoid falling victim to a “proof of payment” scam?
Answer: All are correct
Q12) What should I NOT do to avoid a Triangle scam?
Answer: Always make sure to carefully check your bank account or crypto wallet to confirm you’ve indeed received the funds from you P2P trade.
Q13) What should I do to avoid a chargeback scam?
Answer: Make sure the payment that has been made by the buyer matches their verified name on Binance.
Terms & Conditions:
- The campaign is only valid for Binance’s new P2P users.
- Valid till 11th August 2023.
- You can redeem your voucher from the reward center.
- All should claim their voucher within 2 weeks of receiving after then it will expire.
My Opinion:
This a new campaign of Binance & it’s mainly for new P2P users. Complete the quiz as soon as possible as it’s only for the first 200 users & the reward will be distributed on a first come first serve basis.
FAQS:
What Is Binance P2P?
It’s a buying & selling of crypto with another person without going through a middleman.
How To Claim Reward?
Users may check their rewards via Account > Reward Center.
