P2P on Binance: Appeal Process (Actual Experience)

It has almost been 5 months since I started trading with Binance. I don't usually use P2P, I use coins.ph instead to cash in. I recently decided to cash out. Since in coins.ph there will be conversion fee, I decided to cash out thru P2P by posting a Sell Order. Since I've decided to do P2P, I've read details on the how to do it and the things I should avoid and be careful about.

Someone bought me around Php3,000.00 worth of USDT (59.12 USDT). The buyer marked the order paid or he clicked "Transferred, Next" so it will appear to me the release crypto button.

He choose Paymaya but I did not receive confirmation from my Paymaya account. To double check, I opened my account to check the transaction. Unluckily, I did not receive any payment and the buyer, I keep on chatting he is not replying.

So, I make an appeal to not release the crypto automatically, since as per Binance policy, they will release the crypto in 2 working days.

"If the buyer paid, but the seller did not receive the payment, Binance customer service agents will contact the seller to release the crypto within 2 working days. If the crypto hasn't been released within the prescribed time, Binance customer service agents will forcibly release the crypto. If the crypto cannot be released normally, the seller needs to contact customer service to communicate, if she/he hasn't contacted, it will be considered as payment was received."

Source: P2P Handling Rules, Binance Appeal Process

My SeedIn Review

During ECQ caused by COVID19, we are all stuck at home to keep safe from the spread of the virus. For more than 6 months of almost no regular work, I am stumbled back to the thought of "earning from home" and "let my money work for me" thoughts.

So, apart from learning how to invest in stocks, crypto, and the likes, I wanted to invest into something with less risk of losing money, something other than stocks! Other than Mutual funds and UITF's, I have came across this crowdfunding app called SeedIn.

What is SeedIn?

SeedIn is Southeast Asia's leading business financing platform where local businesses seeking short term-term financing connect with business entities seeking short term investments. (source: SeedIn FAQ). 

To simplify, SeedIn is an app where local businesses (SME, etc.) who seeks additional capital for their business can borrow money from SeedIn investors, other than the banks or other financial institutions who offers the same. The difference is that, SeedIn takes their fund from investing public.

To illustrate:

The interest gained from the borrowed amount is credited to the investor's account on a monthly basis, either balloon payment or equal repayment. SeedIn though have taxes, and risk management fee of 10% of the interest gained.

My Account

I have opened an account with SeedIn last Feb. 29, 2021 and deposited a small amount yet to see if it's actually earning.

LuckyCash - Earn Free Cash Review

Part 1

January 13, 2017

Lately, I have been addicted to clash of clans (COC) for my past time spending almost all my free time to play it. A thought triggered that instead of just playing COC, what if I'll used my free time to earn some penny by using my phone.

There are lots and lots of apps in play store about earn free cash, coins, gift certificates, and the likes. It was so tiring to choose from them all until I came accross LuckyCash - Earn Free Cash. Well, I read the reviews and it's rating as of the writing is 4.9. That's something right?