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Missed the AMA with BingX P2P Community Ambassador @MoneyExchange?
Want to know how to become a P2P merchant and start profiting?
Don't worry. Here is the recap!

 

MoneyExchange AMA Script

Introduction chit chat

Host@bingX: AMA coming up in 5 minutes guys👊👊 Chat will be muted in 5 minutes until the live questions section mid-AMA😊😊
20 questions will be selected for our honored guests🎉🎉
Host@bingX: 👏👏Hello everyone, I am sure you all are very excited for today’s AMA session! 👀
Host@bingX: Everyone please welcome, @BingXP2P_IR, our P2P Community Ambassador in BingX. @BingXP2P_IR Hey boss，can you say hi to the crowd for us lol? Guest: Hii😊😊
Host@bingX: @BingXP2P_IR, Could you tell us a little more about yourself before we start the AMA😁😁?
Guest:Hello 👋
First of all I would like to thank you and BingX team for this opportunity
I'm Amin Zeynali , BingX P2P ambassador and merchant
With years experience in Crytpo and Real exchanges i would be happy to help and guide new merchants and users for using our P2P service.

Fixed Q&A

Q1: Lovely, we know you have a lot of experience in the field of P2P. First off, can you please give your take on What is P2P trading? And how does it work?
Guest:P2P (peer-to-peer) cryptocurrency trading refers to the direct buying and selling of digital assets between individuals without intermediaries.
In P2P trading, buyers and sellers interact directly, negotiate terms, and agree on prices and methods. Users can publish their buy or sell orders in P2P markets or platforms. Users can reach agreements on various payment options, including bank transfers, cash deposits, or even in-person cash transactions.
How to buy cryptos through P2P trading: https://support.bingx.com/hc/articles/17328796416665
Q2: How long does it take for P2P transactions to be deposited? Are there any fees for transactions?
Guest: The transaction time depends on the receipt time and communication speed between you and the counterparty. It is expected to take between 15 minutes to 2 hours. If this time has passed and you haven't received your fiat currency or cryptocurrency, you have the right to file an appeal. There are no fees for P2P transactions.
Q3: How can I earn money through P2P trading as a merchant?
Guest: You can obtain USDT that needs to be traded from a third party and earn the exchange rate difference by publishing buy/sell USDT ads on the platform. You can also place buy and sell orders at the same time to capitalize on the price difference between the two orders. By setting reasonable prices based on the current displayed rates, you can attract more orders. The platform will also launch additional incentive events for P2P merchants from time to time. Please keep an eye on our official announcements.
Q4: What are the requirements to become a P2P merchant? And how can I apply to become one? Guest: To become a P2P merchant, the following criteria must be met:
Complete identity verification (KYC)
Bind your account to your phone number
Bind your account to your email
Merchant application link: https://bingx.paycat.com/merchantApplication/
BingX P2P Merchant Guide: https://support.bingx.com/hc/articles/6869271770777
Q5: As a successful P2P merchant, do you have any experiences to share?
Guest: a) Stay updated on market prices and adjust quickly;
b) Be mindful of the security of your funds;
c) Provide a variety of safe and convenient payment methods;
d) If possible, hedge volatile assets when trading.
There are more tips for you to discover, but these are some of the basic guides for most merchants. Wishing you a pleasant trading experience! Apply to become a P2P merchant: https://bingx.paycat.com/merchantApplication/
Q6: What is the dispute resolution mechanism in P2P trading?
Guest: First, in case of a dispute, try to resolve the issue through communication with the counterparty (the user you are buying or selling cryptocurrencies to).
If you are unable to resolve the issue through chat communication, you can click the "Appeal" button and our 24/7 customer support will process your appeal order. Present your evidence in the chat and follow the suggestions provided by customer support to resolve the issue. Dishonest users are always barred by the platform.
Q7: Why is KYC verification required for P2P trading?
Guest: To improve transaction security, you must pass KYC verification to become a merchant. If you want to buy cryptocurrencies, you also need to undergo KYC under the terms of the platform's P2P services. The platform has established verification rules to ensure trading and fund security for both buyers and sellers.
Q8: Which banks are used for P2P transaction payments and receipts?
Guest: BingX does not have commercial relationships with local banks for each currency used for P2P transactions. However, some popular payment methods in your region are added to the platform for ease of transactions. If the platform does not support your desired payment method at the moment, you can provide feedback and suggest we add the payment method you need for P2P transactions in your region.
Q9: How secure is P2P trading?
Guest: BingX takes the security of users' transactions very seriously. Currently, BingX has implemented a merchant deposit system, allowing users to prioritize transactions with merchants who have deposited funds as collateral. Additionally, BingX displays merchants' real transaction data, such as transaction volume and order completion rate, to help you assess their reliability. Moreover, BingX has a comprehensive risk control and monitoring system, and every order is monitored by BingX’s risk control system. BingX also welcomes active reporting from users about any suspicious trading activities they encounter, and BingX offers rewards for such reports. Q10: Lastly, can you give us a bit of introduction of BingX P2P's risk control system? @bingxp2p_ir？
Guest: BingX’s risk control and monitoring system is a comprehensive system that covers all transactions on our platform. It includes the following aspects. Fraud prevention system: The system can detect and intercept various types of fraudulent behavior, including false transactions and account theft.
Anti-money laundering system: The system can detect and intercept various types of money laundering behavior, including large transactions and high-frequency transactions. Real-name authentication system: The real-name authentication system can verify users' identity information, ensuring the authenticity and accuracy of user information.
Risk assessment system: The system can assess users' risks and classify them according to the assessment results, thereby improving the security of transactions.
Transaction monitoring system: The system can monitor users' transaction behavior and intercept and process abnormal transactions in real time.
Data analysis system: The system can analyze transaction data, identify potential risk points and vulnerabilities, and take timely measures to prevent and resolve them. In summary, BingX’s risk control and monitoring system is a very complete system that can comprehensively guarantee the security of users' transactions. At the same time, BingX’s will continue to optimize and improve this system to provide users with a safer and more reliable trading environment."

 

Live Q&A Turnaround

Host@bingX: Thank you @BingXP2P_IR for the detailed answers.😃😃 I am sure we all learned a lot from your experience and wise advice in P2P.😃😃
And that wraps up part 1 of the AMA!🥳🥳
In just a second, the chat will be opened back up
Please submit your questions for the guest!
Everyone has 5 minutes to ask ONLY 1 question (5 min slow mode applied)
And the selected questions will be rewarded $30 bonus each!
As many as 20 questions can be selected by @BingXP2P_IR to answer
Here we go!
(Apply slow mode for 5 minutes & unmute group)
Host@bingX: As we all see, passions are high. Not gonna lie, we are overwhelmed by the enthusiasm from our dear audience. Now, @BingXP2P_IR please take your time sir. You can select As many as 20 questions. @BingXP2P_IR Now, please select "Reply" in user top right corner to answer users' questions accordingly. Thank you ☺️

 

Live Q&A

Guest: Well 😅
I didnt expect this much interest and participation from users
Thanks from all users for giving their precious time and attention here❤️
Most questions answer , written in my previous messages, plz check on them
I will reply some new questions to give more information 😇
Q1: What are the strategies put in place to fight any form of scam, like when a trader lied that he had paid the other person?❗️🔥
What’s the difference between traditional exchanges and P2P marketplaces? Why do you think BingX P2P is a popular way to buy and sell cryptocurrency?🔥❗️
Thanks Guest: Nice question!
Please pay attention here for security
https://t.me/BingXOfficial/1385337
P2P service is new and online service
Fast, without fee and online is the diffrence of it and local exchanges
Our BingX P2P is unique cuz of supporting more than 80% worldwide currencies, unique 24/7 support and merchant/user rewards and special festivals. Q2: @BingXP2P_IR How do P2P transactions work in the cryptocurrency space? Guest: Nice question!
Please pay attention here for how to buy/sell crypto in BingX P2P
https://support.bingx.com/hc/articles/17328796416665
Transcactions are in our BingX internal withdraw so its without fee and fast. Q3: What are your solutions if I buy crypto coin in a huge amount in P2P but then the merchant P2P trader didn't give me my crypto coin? Can I redeem it? Guest: Nice question
Please pay attention here for security
https://t.me/BingXOfficial/1385337
Before to buy crypto, you can check merchant and details about it to choose the best one
And if any problem happened, please contact us in BingX from "apeal"
We will take care of it and able to release crypto if buyer/seller gave us currect and valid documents
When an order made, the assest got freeze so seller can't withdraw it in that moment
And after deal made/canceled , those assest will get free. Q4: Are there any limits or restrictions on the trading volume or frequency of transactions for users on Bing X Crypto Exchange P2P? Guest: Nice question!
We dont have any limits for buying/selling in P2P
But you should pay attention to merchant limits and amount that merchant wanna buy or sell. Q5: Are there any additional benefits or perks available exclusively for P2P merchants on BingX? For example, access to advanced trading tools, priority customer support, or exclusive promotions? Guest: Nice question!
In this moment, our special support and unique rewards and festivals we offer for merchants
Merchants with good resume on BingX P2P, can apply for being ambassador and get special rewards and benefits. Q6: Do you have any ongoing or upcoming reward program events, please let us know in detail &do you have any ambassador program as well as your project? More communities hold events to attract more people. That is also the main thing to attract project investors? Guest: Nice question!
Please check our official website and groups about upcoming events
We gladly accept and willing to cooperate with merchants who are active and has good resume
For more information contact us
Email: C2C@BingX.com
Telegram: @BingXP2P Q7: Is it profitable to be a P2P merchant? Guest: Nice question!
Please pay attention here for profits and how to make money via P2P
https://t.me/BingXOfficial/1385285
You can try to be our merchant and try it yourself))
Its free to try 😉
https://t.me/BingXOfficial/1385297 Q8: Are there any plans for BingX to expand its P2P trading platform to include additional fiat currencies beyond the ones currently available? Can you provide an estimated timeline for the introduction of new currencies?  @BingXP2P_IR Guest: Nice question!
We always try add more currencies and payment methods to our P2P system.
If you have any suggestion for it, contact us. Q9: Nowadays a lot of tokens and blockchain have been hacked, so what security mechanisms and insurance do you have for users?and what kind of big marketing do you plan on doing to make this project bigger than it is now?
Guest: Nice question!
Our P2P system has unique security and operating system
Your funds security is with BingX
And right now, we support some crypto coins which are valid and popular and safe
As USDT and BTC Q10: Are there any limitations or restrictions on the number of ads or trading volumes that P2P merchants can have on BingX? What scalability options are available for merchants who wish to expand their trading operations? @BingXP2P_IR Guest: Nice question!
Right now merchants can have 3 active ads in each currency
We update merchants when new rules we make.
Merchants who have access to to foreigner banks, can work more than one currency
Please pay attention here for merchants tips
https://t.me/BingXOfficial/1385307
Q11: Is there a KYC requirement for the transactions we will make on the Platform? What documents are required for KYC, if any? Finally, what are the transactions we can do without KYC? Guest:
Nice question!
Both merchant and users have to do KYC for security
https://t.me/BingXOfficial/1385323
You can try with ID card and passport
For more information check our website for KYC options
Q12: My question is what plan do u have towards making people in non English speaking country like chana ,to know about this project?They can not read through your webside.As this will bring more investor.Do u have a community for them or are u planing to have a community for them☝️☝️☝️☝️☝️☝️
Guest: Nice question!
Our Website and Application supports many languages
You can try there
And in P2P, we hire ambassadors from each country who are trusted and familiar with English and BingX and local payment systems
Q13: If we are new merchants, do we have to lower the price rate so that it is cheaper than other merchants in order to attract buyers to come to make transactions at our merchants? And is there any benefit from us selling? @BingXP2P_IR
Guest:
Nice question!
Please pay attention here for some tips
https://t.me/BingXOfficial/1385307
New merchants can provide better prices to attract more buyers, and remember if merchant act fast and polite and provide more payment options, you will get permanent buyers even with higher prices 😉
Q14: Currently, how many fiat currencies are supported?
Guest: Nice question!
We support over 80% of fiat currencies of worldwide and we always try to add more currencies and payment methods
If you have any suggest or you can't find your currency or payment methods, please contact us.
Q15: As a P2P merchant, what level of support and guidance can merchants expect from BingX? Are there any ongoing training programs or resources provided to help merchants enhance their trading skills and maximize their earnings?
Guest:
Nice question!
For merchants we have special groups and contents.
And our unique supports for merchants are active on P2P and related to it only. Q16: How does BingX ensure compliance with local regulations and legal requirements in different countries or regions where P2P trading is available? Are there any specific guidelines or restrictions that merchants need to be aware of when operating on the platform?  @BingXP2P_IR
Guest:
Nice question!
We giving support for over 80% fiat currencies and no problem with that
Plus we try our best to make secure trades
Each merchant had to be familiar with their own country regulations and legal requirements to avoid problems
Our ambassadors will help merchants
Q17: Is there any other way to deal with it if we still have usdt in stock which was 15700 and now it is 15000 so that we don't lose money, how can we fix it apart from shoving it down again?
Guest:
Nice question!
Merchant had to pay attention about prices.
If any order made, the assest gets freeze by BingX and after deal done or canceled can withdraw.
We suggest merchants to turnoff their ads when huge price fluctuation happens.
Q18: Is there any fee to pay for using your P2P?
Guest:
Nice question!
Using our P2P service is fee free!
And transcactions of crypto coins also fee free and fast cuz it using BingX internal tansfer
So we can say BingX P2P is totally fee-free 😉
Q19: As a prospective P2P merchant on BingX, what are the specific requirements and qualifications I need to meet in order to successfully apply and become a merchant? Are there any specific criteria related to trading experience or financial stability? @Trader_Rteam @BingXP2P_IR
Guest:
Nice question
Its easy!
Please pay attention here for how to be BingX P2P merchant
https://t.me/BingXOfficial/1385297
And right now we support USDT in our P2P , cuz its stable coin and price of it depends on your country, working in P2P as merchant doesn't need much Crypto trading experience but having financial information will help you alot))
Q19: I'm from Asia, am I eligible to become a BingX P2P seller?
Guest:
Nice question!
We support over 80% Fiat currencies worldwide
You can find your currency and become a merchant or just buy/sell crypto to our merchants

Last Event Promotion and Ending

Host@bingX: vola
Thank you very much @BingXP2P_IR for answering all these questions😊😊
Taking the time to be here with us and giving us more insights on P2P!
We sincerely appreciate it🥳🥳
I hope for your continue success in the P2P bussiness @BingXP2P_IR Now, I’d like to to bring you guys an amazing news.
In order to reward our first time P2P users in the BingX platform.
From 2023-07-18 to 2023-07-21
Users who sign up for the event and complete a P2P trade for the first time during the event (never made a P2P trade prior to this event), with a trade amount of ≥ 20 USDT, will enjoy an additional 10 USDT Bonus.
You have a great opportunity to win🤩
Register through the link: https://bingx.com/en-us/act/task/6865454531/ first time P2P users please register through the link
Limited quantity available; first-come, first-served.
Event Time: 2023-07-18 19:00 (UTC+8) to 2023-07-21 10:00 (UTC+8)
Users who sign up for the event and complete a P2P trade for the first time during the event (never made a P2P trade prior to this event), with a trade amount of ≥ 20 USDT, will enjoy an additional 10 USDT Bonus.
🚀🚀
Again, Thank you very much @BingXP2P_IR for being here today.
And most of all,
thank you guys for the enthusiasm that’s shown through out the AMA.
This wraps up the amazing AMA! The group will be unmuted soon for general discussion Thank you!