This is the simplest way explaining P2P and how you can use it on your crypto trading journey.
Most people think they have to deal with complicated charts to buy cryptocurrencies but it turns out not. There are simpler ways to trade crypto. Here's P2P, peer-to-peer trading!
What's P2P trading?
P2P trading is a type of trading in which people sell or buy crypto directly from one another.
How does it work ?
Users trade crypto on the exchange or in the marketplace. They post advertisements with a specific price range and even location. So you can receive the best trading price, pay in various ways which is really convenient for you.
P2P trading on Binance
When it comes to P2P trading, binance is one of the most reliable exchange companies. Here are one by one steps for beginners!
Step 1: Log in!
Open the Binance app and sign in. If you don’t have an account, it’s very easy to create one. And make sure you pass KYC which is really important.
Step 2: P2P Trading
Click on “Trade” and then “P2P.” Choose the cryptocurrency you want to buy whether Bitcoin, Ethereum, or USDT as you like!
Step 3: Choose Your Seller!
You’ll see a list of sellers with their prices, payment methods, and limits. Pick the one that is the most suitable for you. Note: Check their ratings for a good experience!
Step 4: Make the Purchase!
Click “Buy” next to your chosen seller, enter the amount you want, and confirm the payment method.
Step 5: Pay and Notify!
Transfer the money using the seller’s payment instructions. Once done, click “Transferred, Notify Seller.” This step is important.
Step 6: Receive Your Crypto!
Once the seller confirms payment, you will get your cryptos! It goes straight to your Binance P2P wallet. You can move it to your spot wallet or keep it there.
But What If Something Goes Wrong?
Don’t worry! Binance has your back!
Chat with the Seller: You can start a chat directly within the transaction to solve minor issues.
Raise an Appeal: If things aren’t going as planned, hit “Appeal.” Binance’s support team will help resolve the issue.
Contact Customer Support: If you need more help, just click on “Help & Support” in the app, and start a live chat or submit a ticket.
I hope this content helps you a lot. Thank you and wish you to have a great trading journey! ❤️
https://p2p.binance.com/en
