how to trade with p2p on binance

On Binance's P2P trading platform, users can directly trade crypto assets with other individuals without intermediaries, offering convenience and access to diverse payment options.

Oct 27, 2024 at 11:37 pm

How to Trade with Peer-to-Peer (P2P) on Binance

1. Select Binance P2P Platform:

• Access the Binance P2P trading platform.

2. Create a P2P Trader Account:

• If you don't have an existing Binance account, sign up for one.
• Complete the account verification process to enable P2P trading.

3. Select Trading Pair and Payment Method:

• Determine the crypto asset you wish to trade and select a suitable currency for payment.
• Browse available P2P traders and filter based on payment methods and exchange rates.

4. Place an Order:

• On the P2P trader's order page, specify the trade amount and review the payment instructions.
• Choose the desired payment method and follow the instructions carefully.

5. Initiate Payment:

• Transfer the agreed-upon amount to the trader's bank account or via an alternative payment method.
• Upload proof of payment and submit it to the P2P trader.

6. Release Crypto Asset:

• Once the Binance system verifies the payment, the trader will release the crypto asset to your Binance P2P wallet.

7. Dispute Resolution:

• If any issues arise during the trade, you can initiate a dispute on the Binance P2P platform.
• The Binance team will mediate and assist in resolving the dispute.

Benefits of Binance P2P Trading:

• Convenience: Trade crypto peer-to-peer without intermediaries.
• Diverse Payment Options: Support multiple local payment methods for seamless transactions.
• Competitive Rates: Access real-time market rates and negotiate directly with traders.
• Strong Security: Binance ensures a secure trading environment with anti-fraud measures and dispute resolution mechanisms.
• High Liquidity: Offers a wide range of crypto assets and ample trading volume.