Banks, billers, or even thieves, can take advantage of this willful ignorance, so force yourself to review your online finances regularly. 21. You shall not include the name "Binance", names of any banks, payment service providers or any other wordings that may be misleading or sensitive in your username. Binance reserves the right to suspend or terminate your access to Binance P2P if it is identified that you used a payment method with an account owner name that is not identical to the name appearing on your Binance Account. In case the offender is a Binance verified user, we will block withdrawals and services for the Binance Account of such user, however, Binance is not liable in any way whatsoever (including but not limited to, liability in contract, tort including negligence, misrepresentation, restitution or otherwise) for any losses, damages, loss of profits, loss of sales or business, loss of agreements or contracts, loss of anticipated savings, loss of or damage to goodwill and indirect or consequential loss that may result from these risks. 30.1 Our Liability. Our liability, and the liability of the Binance Affiliates, to you or any third parties in any circumstance is limited to the actual amount of loss or damage which is caused directly and is reasonably foreseeable by our breach of these terms, and shall in no event exceed the amount of fees paid by you to Binance in the 12 months preceding the event giving rise to the Loss.
The waiting period shall start upon the release of the Digital Assets to you. 29. All terms and references used in these P2P Terms and which are defined and construed in the Binance Terms of Use (the "Terms of Use"), but are not defined or construed in these P2P Terms, shall have the same meaning and construction in these P2P Terms. 2. Binance Account Tier - Users with account balances in BNB and 30 days accumulated trading volume above certain thresholds are given VIP tiers with additional fee discounts and perks. In case the account holder information of the Buyer that you see on the payment method through which the Fiat Currency transfer was made is inconsistent with the user’s verified identity information appearing on Binance P2P, you should not release the Digital Assets and make a refund of any Fiat Currency that you may have received. To release such Digital Assets, you should click through the following website "Confirm release" after you fully receive the Fiat Currency payment from the Buyer. "Buyer" means a user trading on Binance P2P to purchase Digital Assets, either as an Advertiser or a Taker. The worldwide average purchase fee at bitcoin ATMs is 8.4% of the purchase amount and 5.4% for sales at ATMs.
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"Advertisement" means an offer published on Binance P2P that includes the amount of Digital Assets that the user would like to trade, the price for such Digital Assets, the payment method that the user would like to use when trading, the Order Limit, the Payment Window and other applicable terms and conditions for the offer as determined by the user publishing the offer. 13. By trading on Binance P2P, the Buyer agrees to bear any Transfer Fees that may be charged by the respective payment service provider for the payment method selected by the parties for the Fiat Currency transfer to be made in consideration of the Digital Assets, unless the Seller has explicitly agreed to bear such additional fees or costs. While governments worldwide rally about regulations on digital assets, constant efforts are being made to advance the Central Bank Digital Currencies (CBDC) projects in different countries. While some observers saw the clampdown as an attack on crypto by targeting the world’s biggest exchange, others said changes to how Binance operates are long overdue. We are not responsible or liable for any loss or damage of any sort incurred as a result of any such dealings and you understand that your usage of the Third Party Content, and your interactions with third parties’, is solely at your own risk.
17. As Binance is not a party to the Digital Assets trade between the Buyer and the Seller, Binance has neither the right nor the obligation to resolve any disputes between the Buyer and the Seller and is not liable for any loss you may incur in connection with a completed payment. You understand and agree that the appeal mechanism offered by Binance is not a representation, undertaking, or guarantee from Binance in any way whatsoever to resolve the disputes between the parties and has the sole purpose of offering a mediation channel to the users. 18. However, in case of a conflict during a trade on Binance P2P that the parties cannot solve by directly contacting each other through the Chat Service made available by Binance, Binance offers both parties the opportunity to file an appeal. However, we are under no obligation to notify you if and when such suspension will be lifted. 24. You acknowledge that our decision to take certain actions, including limiting, suspending, or terminating your access to Binance P2P may be based on confidential criteria that are essential to our risk management and security protocols, including but not limited to circumstances in which we are unable to provide you with information about the reasons for such limitation, suspension or termination, whilst an investigation is ongoing (by us and/or a third party such as the police).