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Are there any fees for canceling a P2P order on Binance?

avatardragonwhitesDec 24, 2021 · 3 years ago3 answers

Can you tell me if there are any fees associated with canceling a peer-to-peer (P2P) order on Binance? I want to understand if I will be charged for canceling my order and if there are any specific conditions or requirements for canceling P2P orders.

Are there any fees for canceling a P2P order on Binance?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    Yes, there are fees for canceling a P2P order on Binance. When you cancel a P2P order, a cancellation fee will be deducted from your account. The fee amount may vary depending on the specific circumstances and the currency involved. It's important to note that the cancellation fee is separate from any transaction fees that may have been incurred during the initial creation of the order. Make sure to review the fee structure and terms of service on Binance's website for more detailed information.
  • avatarDec 24, 2021 · 3 years ago
    Canceling a P2P order on Binance does come with fees. The exact fee amount can vary depending on factors such as the currency, the order size, and the current market conditions. It's always a good idea to check the fee schedule on Binance's website to get the most up-to-date information on cancellation fees. Keep in mind that these fees are in place to ensure the smooth operation of the P2P trading platform and to discourage frivolous order cancellations.
  • avatarDec 24, 2021 · 3 years ago
    Yes, there are fees for canceling a P2P order on Binance. However, it's important to note that I work at BYDFi and not Binance. The specific fee structure and conditions for canceling P2P orders may differ between exchanges. I recommend checking the Binance website or contacting their customer support for accurate and up-to-date information regarding cancellation fees for P2P orders.