INTRODUCTION TO BINANCE P2P:

WHAT IS BINANCE P2P?

P2P marketplaces like Binance p2p enables users to directly trade crypto with one another using their preferred payment method and local currency.

° REASONS WHY P2P IS THE BEST WAY TO BUY YOUR BITCOIN AS A BEGINNER 🔰

-> There are so many advantages of trading on Binance p2p 👇

1) LIVE TRADE CHAT:

Love trade chat helps you to be sure of the transaction you're about making at the moment

NB: Helps in resolving potential transaction issues

2) ZERO FEES: Binance p2p helps you trade with zero fees ,oh yeah sounds great 😃

3) MULTIPLE PAYMENT METHODS:

Binance p2p offers more than 300 different payment methods and more than 70 local currencies.

4) CUSTOMER SUPPORT:

If you encounter a problem with your p2p trading counterparty, you can quickly seek assistance from Binance's customer support team,that will keep you on a safe side.

5) ESCROW SERVICE:

The escrow service ensures safety 🦺 and fair trading on Binance p2p

SO HOW DO BUY USING P2P?

Firstly

1) login into your Binance application,locate the P2P icon

2) The p2p marketplace will open and what you'll need to do is change the current currency into your local currency 💵

XAF is my local currency 💵 so you should change that to your own local currency so you can trade with your local p2p merchants

3) Choose a payment method: you'll need a payment method that corresponds with your local bank app or Mobile money 💰

As you can see these are the payment methods available in my region

4) Input Amount: it's always good 😊 to write in the amount you either want to buy or sell for easy and clear transactions

After filling in the amount, you choose the merchant you want to trade with and click on BUY/SELL

NB: Always look at their numbers of trades,limits and completion rate % to know their legitimacy

5) After clicking on BUY/SELL

an interface like this will pop up, remember the merchant has a limit so fill in the amount you wanna BUY/SELL again either in fiat(local currency) or in Crypto then proceed with the BUY/SELL.

6) Another interface will pop up which is where you'll have to collect the details of the merchant to make payments depending on your agreements

But now you'll have to do a LIVE TRADE CHAT with the merchant to be sure of your transaction with the merchant,he/she might demand for your payment details that's if you're selling so he makes deposit OR give you a payment details so you pay him if you're buying from him.

--> When buying, click on notify buyer to notify them and leave the Binance app to make deposit using your local app then after transferring money to the merchant,come back to the Binance app and click TRANSFERRED AND NOTIFY BUYER

when he confirms the transaction he will release your coins ✅✅✅

--> when selling drop your payment details if you need to but if not you can let them pay automatically to the one at default when you set your payment method earlier

When he makes payments, leave your Binance app and open your local app to confirm payments and if it's confirmed 👍 then click on PAYMENT RECEIVED to release your sold coins to the merchant ✅✅✅

NB: press TRANSFERRED AND NOTIFY BUYER only if you've made payments

- Do not RELEASE coins if you haven't received cash

Thanks for ready STAY SAFE,TRADE SAFE