Amidst the ongoing pandemic, which has affected a vast majority of people economically, Binance provides a breather to crypto investors and traders. A peer to peer trading platform with rising popularity, Binance has extended its zero fees policy applicable for P2P transactions until October 22, 2020.
A majority of key financial institutions in the US, following federal directives, had already put several measures in place to ease down the burden on citizens during these challenging times. Such offers to customers in the crypto exchange market are definitely a confidence booster to investors.
Waivers on late or missed credit card or loan payments and early withdrawal penalties for people out-of-job or those who need access to locked up money in deposits were among others. Also, the provision for borrowers to defer or skip making loan interest payments for a limited period is a worldwide relief.
Earlier in April 2020, Binance was in the news for having extended its platform to support the currencies of India and Indonesia. Today, Binance P2P supports 32 fiat currencies and six cryptocurrencies, allowing users to buy and sell even post trade-ads at zero fees. https://bitcoin-up.live features a group of people who chose to jump on the Bitcoin bandwagon. With the help of this, many people have enriched their lives and become financially free.
KYC is a must, and the final interpretation of the trade activity is an exclusive right of Binance. This is to ensure that verified trades happen securely, and users do not fall prey to financial losses caused by illegal fundraising and scams.