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Binance Begins P2P trade in Indian Rupees and Indonesian Rupiah

Binance, the global cryptocurrency exchange, has announced launching peer-to-peer (P2P) trade in Indian Rupees (INR) and Indonesian Rupiah (IDR).

Now, people from India and Indonesia can easily participate in the P2P trade via a Binance Crypto trading platform, which has considered the leading cryptocurrency exchange in terms of users and trading volumes by various data tracking websites including CoinGecko and CoinMarketCap (CMC)acquired by Binance on March 31.

As per the official information, users can start trading today in INR and IDR, to buy and sell five crypto assets, which are: BTC, ETH, BNB, USDT, and BUSD. 

Zero Transaction Fee on Binance P2P Trade

To encourage users participation and entice them, Binance has decided not to charge the transaction fees (zero transaction fees), if they trade via Binance.com or the Binance mobile app

Binance CEO Changpeng Zhao (CZ), while expressing his views on India and Indonesian markets, mentioned that the two countries have immense “potential in crypto adoption,” and these are the “emerging markets.” 

As Binance’s crypto trading platform is one of the easiest and user-friendly setups, CZ via today’s announcement trying to lure the customers and said:

“We are pleased to empower the massive population with easy-to-use crypto access.”

 “On Binance.com, offers users various fiat-to-crypto access.” Here, P2P trade is a “simple approach for users to buy and sell crypto in multiple payment methods.”

Both verified users and merchants/ buyers and sellers can earn huge profits while “trading cryptocurrencies on the “Binance P2P trading platform.”

Binance claims, its Peer-to-Peer (P2P)trading platform has constructed to facilitate both consumer-to-consumer (C2) and business-to-consumer (b2C) use, which now offers support to 20 national fiat currencies including the latest in order: Indian Rupees (INR) and Indonesian Rupiah (IDR).   

At the time of writing, Binance is managing the data of 200 P2P merchants who are offering massive liquidity in the crypto marketplace.

The displayed information via the website’s blog asserts that merchants can make huge profits- up to $100,000 per month while trading on it’s P2P crypto trading portal. 

Moreover, users of its P2P platform can avail of many other merchant-tailored benefits, which are — zero fees on security deposits, ads posting and transactions, VIP discounts, and exclusive customer support to enfold many profits.