Can I cancel a P2P trade on Binance after it has been initiated?

3 answers

• Dec 26, 2021 · 3 years ago
  No, once a P2P trade is initiated on Binance, it cannot be canceled. This is because P2P trades are conducted directly between buyers and sellers, without involving Binance as an intermediary. Therefore, it's important to carefully review the trade details and communicate with the counterparty before initiating the trade to avoid any potential issues or regrets.
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• Dec 26, 2021 · 3 years ago
  Unfortunately, once a P2P trade is initiated on Binance, it cannot be canceled. P2P trading is designed to provide a decentralized and direct trading experience, which means that once the trade is initiated, it's binding and irreversible. Make sure to double-check all the trade details and ensure that you're comfortable with the transaction before proceeding.
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• Dec 26, 2021 · 3 years ago
  As an expert at BYDFi, I can confirm that once a P2P trade is initiated on Binance, it cannot be canceled. P2P trading is a direct and decentralized process, which means that the trade is binding once it's initiated. It's crucial to carefully review the trade details, including the seller's reputation and payment methods, before initiating the trade to avoid any potential issues or scams.
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