How to Use Binance P2P’s Trade Zones for Secure and Hassle-Free Crypto Trading
Main Takeaways
Constantly focused on improving users’ trading experience and safety, Binance P2P is one of the industry’s most secure P2P platforms.
Binance P2P has four Trade Zones for users to explore: P2P, Express, Block Trade, and Cash.
Learn how the four Trade Zones differ and how they fulfill users’ needs.
Discover the world of Binance P2P by zooming in on its four Trade Zones: P2P, Express, Block Trade, and Cash. Whether you want to trade large amounts of crypto or place orders directly, Binance P2P has a trading zone for you.
Binance P2P is a peer-to-peer (P2P) trading platform within the Binance ecosystem. The service’s top priorities are maximizing user safety and providing the most seamless trading experience possible.
Binance P2P achieves these core objectives by introducing multiple safeguards – for example, an escrow service designed to hold crypto funds until both parties confirm having upheld their end of the transaction – and maintaining responsive and professional customer service.
This security and accessibility make Binance P2P a convenient platform for digital assets and a great place for newcomers to start their crypto journey.
What Is a Trade Zone?
A Trade Zone refers to a section of the Binance P2P marketplace where a specific trade type occurs. The first step in exploring Binance P2P is understanding the four Trade Zones it offers – P2P, Express, Block Trade, and Cash. Read on to learn more about each zone and what user needs they are designed to serve.
The P2P Zone
The P2P Zone is Binance P2P’s core offering. Within the P2P Zone, traders can access the full range of buyer and seller ads for all supported payment methods and cryptocurrencies. Users can even compare prices across all available offers to make choosing a counterparty for a P2P trade easier.
The P2P Zone also streamlines trading by offering over 700 payment methods and 100 fiat currencies to trade with, and users have more control over who they buy from or sell to.
Advantages of the P2P Zone
The most significant advantage of using the P2P Zone is access to the full range of ads. Thanks to this feature, users will most likely find what they’re looking for, no matter the preferred payment method. For a bird’s-eye view of the P2P market, the P2P Zone should be your first stop.
Limitations of the P2P Zone
Because the P2P Zone displays all available ads, some of the offers you see will be from new P2P merchants or those who haven’t gone through additional verification checks as experienced sellers.
Who should use the P2P Zone?
For new users who are still exploring the Binance P2P platform and getting used to its features, the P2P Zone is a great place to start. You can sample the full breadth of the market and start exploring deeper when you want.
The P2P Zone is simple to use and accessible through Binance’s website or app. To learn more about using the Binance P2P Zone, check out the following articles:
The Express Zone
The P2P Express Zone allows you to place an order immediately by entering the fiat amount you want to buy or sell. While on the P2P Zone homepage, you’ll see a complete list of ads you can select from manually. However, the Express Zone displays a simple order page that matches users directly with suitable, verified merchants. This flow provides a more streamlined experience but limits your ability to control who you transact with fully.
Advantages of the Express Zone
The Express Zone’s ultimate benefit is speed. It enables users to trade with unmatched speed and convenience, executing transactions in just a few taps on their mobile devices. Furthermore, the counterparty in any Express Zone trade will always be an experienced merchant, giving you extra peace of mind.
Limitations of the Express Zone
Compared to P2P Zone, the Express Zone provides a narrower range of ads and offers. This limitation makes comparing prices more challenging, potentially narrowing the choice of digital assets to trade and available payment options.
Who should use the Express Zone?
If you’re looking for quick, easy, and hassle-free crypto transactions, Binance P2P’s Express Zone might be for you. The added safety of dealing with verified merchants can also help relieve some pressure for newcomers.
For more detailed instructions, check our guide on How to Buy and Sell Cryptocurrency via P2P Express Zone on Binance App.
The Block Trade Zone
Block trades are large trades made directly between two parties. P2P users engage in block trades for the convenience of quickly buying or selling large amounts of cryptocurrency at a given price. These trades can also help you avoid the price slippage you might experience on a traditional order-book exchange.
Only block merchants can post ads in the Block Trade Zone, which can be identified by their purple diamond badges. At Binance P2P, we always look for experienced and reliable block trade merchants and have a streamlined process to becoming one.
If you have a high average order volume, can pay a one-time security deposit, and clear a due diligence check performed by our risk and merchant management team, consider the opportunity! As a verified block trade merchant, you’ll also get exclusive benefits, VIP discounts, and access to pro-level trading tools.
Advantages of the Block Trade Zone
If you want to get the best prices on large trades, the Block Trade Zone is the place to go. Block trade merchants enjoy lower fees than regular merchants, which means their prices can be more competitive, and takers could enjoy better deals from such traders.
Limitations of the Block Trade Zone
The number of verified block trade merchants is much lower than regular sellers. Because of this, the liquidity offered in the Block Trade Zone tends to be lower than others. You may sometimes have trouble finding someone to fill your order immediately, and your payment options could be limited.
Who should use the Block Trade Zone?
For P2P users looking to make large orders, the Block Trade Zone can easily filter out unsuitable offers. You’ll also get competitive prices and experienced counterparties, which is a priority for many bulk traders.
Note that as of May 2023, the P2P Block Trade Zone is available in NGN, PEN, VES, AED, ARS, BRL, COP, MXN, PHP, VND, CNY, and INR markets.
To learn more about the details of our Binance P2P Block Trade Zone, check out our Binance P2P Block Trade guide.
The Cash Zone
The Cash Zone is Binance P2P’s newest Trade Zone. Here, users can choose from a range of cash ads and visit a Cash Merchant’s physical store to conduct face-to-face trades using fiat currency.
Only verified Cash Merchants can post ads in the Cash Zone. Binance P2P is always looking for experienced Cash Merchants to join our platform. Applying is a straightforward process if you already have a physical store that accepts crypto payments.
As a Cash Merchant, you’ll receive exclusive ad posting options, access to advanced ad management tools, increased brand awareness, and exclusive rewards.
Advantages of the Cash Zone
Users can easily locate a Cash Merchant near them on the cash ad page, visit the merchant’s physical store, and trade crypto in person using cash as a payment method.
For users in specific regions, buying or selling digital assets in the Cash Zone eliminates the long waiting times that can occur during bank transfers.
Who should use the Cash Zone?
If you’re looking for a secure way to exchange crypto for cash in your region or abroad, Binance P2P’s Cash Zone might be the answer. The Cash Zone can be a suitable option, especially for users with limited access to financial services.
Moreover, the Cash Zone helps merchants with existing physical stores expand their customer base via ad listings on our P2P marketplace.
Please note that as of February 2023, the Cash Zone is only available in the TRY, HKD, TWD, KES, GHS, CLP, PEN, and UYU markets.
Start Trading on Binance P2P
Now that you’re familiar with the four Trade Zones available on Binance P2P, why not apply this new knowledge next time you’re looking to trade? With Binance P2P, the peer-to-peer trading experience is smoother than ever!
Further Reading
Disclaimer: Your use of the Binance P2P services and all information and other content (including that of third parties) included in or accessible from the Binance P2P services is at your sole risk. Our only responsibility is to handle crypto transactions. All payments are final upon completion unless otherwise required by law. Binance P2P platform has neither the rights nor the obligations to resolve any disputes arising from a completed payment. Neither the Binance P2P platform nor merchants shall be responsible for your loss in a completed payment.