how to do p2p on binance

For P2P trading on Binance, you must first create an account and verify your identity by providing official identification and facial recognition documentation.

Nov 04, 2024 at 01:55 pm

How to do P2P on Binance

Step 1: Create a Binance Account

Create a Binance account by visiting their website and clicking "Register". You will need to provide your email address, create a username, and set a password.

Step 2: Verify Your Identity

To enable P2P trading, you must verify your identity by providing a government-issued ID and completing a facial recognition scan.

Step 3: Access the P2P Trading Platform

Go to the "P2P Trading" section on the Binance website or mobile app. You will see a list of available cryptocurrencies and fiat currencies.

Step 4: Choose a Trade Advertisement

Select an advertisement from a trader who offers the desired cryptocurrency and payment method. Click "Buy" or "Sell" to proceed.

Step 5: Enter the Trade Amount

Indicate how much cryptocurrency or fiat currency you want to buy or sell. Review the terms of the advertisement, including payment methods, limits, and any fees.

Step 6: Initiate the Trade

If you agree to the terms, click "Place Order" to initiate the trade. You will be provided with a chat window to communicate with the counterparty.

Step 7: Complete the Payment

Follow the instructions in the chat window to make the payment to or receive the payment from the counterparty. Use the provided payment details and ensure you verify the recipient's identity.

Step 8: Release the Cryptocurrency

Once the payment has been confirmed, the cryptocurrency will be released from escrow and transferred to your Binance P2P wallet.

Step 9: Rate the Counterparty

After the trade is complete, you can rate your counterparty based on their responsiveness, professionalism, and overall experience.