Purchasing USDT (Tether) through Binance's P2P (peer-to-peer) platform is an accessible option for beginners. This method allows you to buy USDT directly from other users, often using local payment methods. Here’s a step-by-step guide to help you navigate the process.
Step 1: Create a Binance Account
1. Visit the Binance Website: Go to binance.com.
2. Register: Click on “Register” to create an account. Enter your email and create a secure password.
3. Verify Your Email: Check your inbox for a verification email from Binance and click the link provided.
4. Enable Two-Factor Authentication (2FA): For additional security, set up 2FA using an app like Google Authenticator.
Step 2: Complete Identity Verification
Before using the P2P platform, you’ll need to verify your identity.
1. Access Verification: Go to your account settings and select "Identity Verification."
2. Fill Out Your Information: Provide the necessary personal details, including your name and address.
3. Upload Identification: Submit documents like a passport or driver's license, along with a selfie if required.
4. Wait for Approval: Verification can take from a few minutes to a few hours.
Step 3: Access the P2P Marketplace
1. Navigate to P2P Trading: On the Binance homepage, find the "Trade" section and select "P2P."
2. Choose "Buy": In the P2P marketplace, click on the “Buy” tab to view available offers for USDT.
Step 4: Select an Offer
1. Filter by Payment Method: Use the filters to select your preferred payment method (bank transfer, cash, etc.) and currency.
2. Review Offers: Browse the list of sellers, checking their prices, limits, and completion rates.
3. Select an Offer: Click on an offer that suits your needs.
Step 5: Initiate the Purchase
1. Enter the Amount: Specify how much USDT you want to buy.
2. Read the Terms: Review the seller’s terms and conditions, including payment methods and instructions.
3. Click "Buy USDT": This will take you to the order confirmation page.
Step 6: Complete the Payment
1. Follow Payment Instructions: Use the seller’s provided payment method to complete the payment.
2. Mark as Paid: After making the payment, return to Binance and click “Transfer” to notify the seller that you’ve completed the payment.
3. Wait for Seller Confirmation: The seller will confirm the payment, and your USDT will be released to your Binance wallet.
Step 7: Secure Your USDT
Once you receive your USDT, consider moving it to a secure wallet.
1. Transfer to a Wallet: For long-term storage, transfer your USDT to a hardware or software wallet.
2. Keep Your Account Secure: Ensure you maintain strong security measures on your Binance account.
Conclusion
Buying USDT via the Binance P2P platform is a user-friendly process that gives you flexibility with payment methods. By following this guide, you can confidently navigate the P2P marketplace. Always remember to verify sellers and exercise caution when making transactions. Happy trading!