Sellers on Binance P2P have a more difficult task as they are the ones who receive the funds. Despite the challenges, there are several steps to follow to sell USDT easily:

Provided you already have a KYC-verified account, you can start selling by looking at the advertisements or offers on the P2P page under “Trade.”

To do so, you first need to have a sufficient quantity of USDT in your wallet. Or, if you own any other cryptocurrency, you can quickly convert it to USDT on Binance without any additional charge.

Also, before you plan to sell on a P2P exchange like Binance, check all the access points associated with your wallets are functional.

Setting up the sell order and other steps

Access the P2P platform: Navigate to the Binance P2P section under the “Trade” menu on your Binance dashboard.

Create a sell order: Click the “Sell” tab and select USDT as the cryptocurrency you want to sell. Specify the amount of USDT, set your price per unit, and choose the payment methods you accept. If you want to get matched with Binance’s best price, place an express order, and you will be matched with the right buyer.

Note: A safe practice for sellers is to check for the buyers manually, as once matched, you, the seller, cannot cancel the order.

  1. Publish the order: Review your order details and publish it if you are advertising. Your order will be listed on the P2P platform and visible to potential buyers. If not, you can simply pick a buyer and trade per their preferences.

  2. Communicate: Once you find the right buyer, ensure that a clear line of communication is established using the chatbox. This helps monitor disputes and get them resolved if something goes wrong.

  3. Confirmation: If the buyer mentions that the payment has been released, check your bank account and verify the screenshot they shared. Also, check if the account paying you is the same one you are interacting with. If there is a third-party payment, immediately file a dispute and do not send over the crypto, as it might be a chargeback scam or similar.

Releasing crypto

Once you are satisfied with everything, release the crypto from Binance’s escrow to the buyer’s account. Remember setting up a passkey earlier? This can help you transfer the assets in one click without having to feed in the multiple confirmation codes. However, never simply believe the screenshot. Confirm that you have received the amount in your account before releasing the crypto.