Quick Guide to Buying Cryptocurrencies on Binance P2P
Binance P2P (peer-to-peer) trading is a safe and flexible way to buy and sell cryptocurrencies directly with other users, without the need for intermediaries. Here I explain step by step how to do it.
1. What is Binance P2P?
Binance P2P is a platform where users can exchange cryptocurrencies directly with each other using different payment methods, such as bank transfers, digital wallets, or cash.
Advantages of P2P:
- No transaction fees.
- Wide variety of payment methods.
- Guaranteed security with the escrow system.
2. How to Buy Cryptocurrencies on P2P
Step 1: Access Binance P2P
1. Log into your Binance account.
2. Go to the main menu and select P2P Trading or in the app, select "P2P" in the "Trading" tab.
Step 2: Find a Seller
1. Choose the cryptocurrency you want to buy (BTC, USDT, BNB, ETH, etc.).
2. Select your local currency and preferred payment method.
3. Filter the results by available amount or seller rating.
Step 3: Make the Purchase
1. Click on "Buy".
2. Enter the amount you want to buy or the quantity of cryptos.
3. Review the seller’s terms and confirm the transaction.
4. Make the payment according to the seller's instructions and mark the order as paid.
Step 4: Receive Your Cryptocurrencies
1. Once the seller confirms the payment, Binance will automatically release the cryptocurrencies to your P2P wallet.
2. Check your wallet to ensure you have received the cryptos.
