Hello steemians welcome to another steemit academy post and this one is about p2p trades so without waisting your time let me begin.

# (1) Explain how you set up your exchange niche in P2P Market(Binance or Huobi)- Market Maker/Advertiser?

For the purposes of this exchange I will be utilizing my binance account.
The outlines of how to set up a market promoter is showcased below.

after you open the binance account, tap on P2P Trading as appeared above

source

Click on the 3 dots then a drop menu will appear then select advertisement mode as shown above.

Then select the ads button and then select post ad option as shown above.

This is the page which you need to change somethings like fiat from USD to NGN if you are in Nigeria.

Enter the total amount of coin you have to sell then add your payment level as shown above.

in this page fill in your terms and condition then your check all the necessary stuffs and after you click post your add will be added.

(2) Explain how you buy/sell USDT in the P2P Market of Binance or Huobi for fiat? (Screenshot needed)

The exchanging center opens and after that you'll see the list of individuals who have made their advertisements to offer USDT.
you then select your installment choice and after that tap the purchase USD button.

#####The seller i am buying from.

A menu opens for you to insert the sum you need to buy(minimum of N30000)

Before the USDT is discharged you've got to pay the cash to the market advertizer before the funds are discharged; after making the installment you'll be able at that point to press on the ''transferred, next''; In my case I bought an sum of N30000 and some time recently the USDT was discharged to me I had to create payment to the market advertizer.
After payment is confirmed by the promoter, he discharged the USDT into my wallet, so this is usually how to purchase USDT on binance utilizing the peer to peer market.

(3) How does escrow protection help a buyer and seller?

An escrow could be a money related and lawful understanding outlined to ensure Buyers and Sellers in a exchange. For a expense, a free third party holds payment until everybody fulfills their duties within the exchange.
In binance, their escrow holds the crypto until the advertise sponsor gets his full payment before the cypto is discharged to the buyer.
binance's escrow also makes beyond any doubt the buyer gets his crypto after payment; in case the advertise promoter doesn't discharge the crypto in full, the escrow makes beyond any doubt the buyers fiat is refunded.

(4) What are the different payment methods (fiat options) available in Binance or Huobi? (Choose any one exchange to demonstrate) Have you ever used any of the fiat payment methods to trade your USDT? Examples/Screenshot?

There are a wide run of payment strategies on binance, from bank exchange to BBVA and a entire part of payment methods.
I utilize the Naira NGN as my fiat alternative to make exchanges on binance; considering my geological area I utilize the banks.

1). press on the avatar symbol within the top left corner on the binance app.

2).Then press on ''payment methods'' within the coming about list.

3). press on the P2P payment method

4). Click on all payment option

5). A list of payment option will show up like in the image below you just have to find the one you like.

What is the minimum amount you can trade in the P2P Market(USDT) of Binance or Huobi? (Choose any one exchange to demonstrate)

In Binance P2P because i use Banks i have traded from N5000 to N500000.

Conclusion

I personally prefer the normal binance method of getting your crrypto to cash but after the ban on crypto in Nigeria i have been using P2P.