What is Escrow in P2P? 🔎 And is it safe from an Islamic point of view?
If you use Binance P2P, then "Escrow" is the most important security system that protects both the buyer and the seller.
🔐 Escrow in Simple Words:
When the seller accepts an order to sell their crypto, their crypto is temporarily locked in Binance's secure wallet (escrow).
✔️ The buyer makes the payment first (bank transfer / JazzCash / EasyPaisa etc.)
✔️ The seller confirms receipt of payment
✔️ Then Binance releases the crypto to the buyer from escrow
In this way:
The seller is guaranteed that the crypto will not go without payment
The buyer is guaranteed that they will definitely receive the crypto after making the payment
That is, Binance plays the role of a neutral third party in between.
☪️ Islamic Point of View (Safe Angle)
In Islam, trade is halal when:
Both parties are mutually consenting
The deal is clear (no gharar)
No interest (riba) is involved
P2P escrow system:
Provides transparency
Reduces fraud risk
Gives a clear transaction flow
If you are only buying/selling spot P2P (without interest or futures leverage), then it behaves like a normal asset exchange — where the buyer gives money and the seller transfers the asset.
⚠️ Always ensure:
Do not send payments outside of the app
Only click “Payment sent” when you have actually made the payment
Do not accept screenshots or fake proof
💡 Pro Tip
Choose merchants with a high completion rate
Sellers with 90%+ completion and more orders are safer
Use the dispute option only in genuine cases
🚀 Final Thought:
Escrow is the backbone of P2P — if you understand and use this system, trading can be secure and smooth.
Do you use P2P or are you planning to start now?
Write “P2P Guide” in the comments — I will tell you a step-by-step safe strategy 👇
#BinanceP2P #EscrowSystem #CryptoEducation #P2PTrading