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RE: STEEMIT CRYPTOACADEMY | SEASON 2 WEEK 1 : P2P Market-USDT (Binance/Huobi)

in SteemitCryptoAcademy4 years ago

Thank you for attending the lecture in Steemit-Crypto-Academy- Season 2 & doing the homework task-1.

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.

Normally,the minimum amount for posting an ad is. about 100usdt.This doesn't mean that you cant buy assets below 100usdt.It usually depends on the minimum set by the buyer.

That's correct, the min/max limit is defined by the Advertiser. A Market Taker can trade an amount within the range of the min/max limit as defined by the Market Maker(aka Advertiser).

Feedback/Suggestions:-

  • The author has explained how to buy USDT in Binance P2P, but the set-wise process is missing window time, release time, interaction with the trader in the chatbox).
  • Pay attention to the spelling, one round of proofreading is required.
  • Use proper markdown styling to present your article in a professional way.

Thank you.


Homework Task -1 accomplished
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Thanks for your feedback sir i will make corrections in next post