I just shared my strategy for buying cryptocurrencies and paying with my local currency (via bank transfer) quickly, safely, and in an average time of under 5 minutes using Binance P2P. Now, let me walk you through the process to sell your cryptocurrencies and get the money in your bank account, so you can buy whatever you want at a shopping center in your city.
1. Log in to our Binance P2P profile, go to the user panel, and enter our bank details, since the person buying the cryptocurrencies will transfer local currency to this account. Here's something crucial: the details you enter must be personal. We need to use our own bank account, NOT someone else’s!
2. Next, make sure that in the Binance Funds wallet, we have the amount of USDT we want to sell.
3. Then, go back to Binance P2P, go to the Sell USDT section, filter by the payment method we'll use (where they'll transfer the money), and read about a verified merchant who has a good price. Also, read their terms and conditions. This is very important. Ensure that no advertiser should transfer from a third-party account! Also, choose someone who won’t take too long to pay!
4. When you select a listing, a new screen will pop up, and Binance will ask you to wait for the buyer (the counterparty) to make the bank payment. You must wait...
5. Once you've been paid, DON'T get nervous. First, go to your bank account to VERIFY that the money has arrived. Also check who sent you the money by reading their name and surname. Pay attention, their identity document number is important—some banks show these details and others do not. Try to use banks that show all the details.
6. Once you've verified the person who sent you the money and the amount (it should match the amount you're selling your cryptocurrencies for your local money), then tell Binance that they can release your cryptocurrencies!
7. The system will automatically transfer the cryptos you're selling from your funding wallet to the funding wallet of the other user (your buyer).
8. Done!!!
