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Question about P2P-Trading

Binance

Cryptocoins Exchanges / Binance 156 Views

Hello Binance-Support,

I've read this line in the P2P-User Transaction Policy:

"IV. Seller’s Instructions:

  1. The Account owner name you used for collecting payment must be consistent with your registered name on Binance. (The name shall be identical with the KYC Verified name on Binance.)"

I am not sure if this means that the name on the receiving bank account has to be matching with the binance account.

Me and my family share one bank account and I would like to specify that bank account for my P2P-transactions. I do have to specify an intermediary bank for transactions.

The receiving bank assigns it to the correct recipient based on the details provided in the "purpose of payment / reference" field of the transaction - this is the only field where the name of the account holder is entered.

Here a summary: Buyer -> Intermediary Bank -> Receiving Bank (uses the reference line to assign it to the correct recipient)

Is this an issue for me when trading with P2P?

Thanks in advance!

Best regards

submitted by /u/Seelixh
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