P2P (peer-to-peer) trading is a way to directly buy or sell cryptocurrency from other users through the platform.
Let's take Binance as an example
Go to the P2P section
📌Open the Binance app.
📌In the menu, select "Trade" and go to the "P2P" section.
📌❗️ Complete basic verification if you haven't done so yet.
Choose an action: buy or sell
📌On the main P2P page, choose "Buy" or "Sell".
📌Specify the cryptocurrency (e.g., USDT, BTC, ETH).
📌$Choose a convenient payment method (e.g., bank transfer, e-wallet).
📌 Find a suitable listing
❗️Pay attention to the parameters:
❗️Available transaction amount.
❗️User rating.
❗️Number of completed transactions.
📌Click on the listing to review the details.
Complete the transaction
If you are buying cryptocurrency:
📌 Click "Buy".
📌Enter the amount or quantity of cryptocurrency.
📌Click "Confirm" to reserve the transaction.
📌Transfer money to the seller using the provided details.
📌After payment, click "Paid/Confirm".
If you are selling cryptocurrency:
📌Click "Sell".
📌Specify the amount of cryptocurrency you want to sell.
📌 Wait for payment from the buyer to your account.
📌 Make sure the money has arrived and click "Confirm Transfer".
Complete the transaction
📌Make sure you received the money or cryptocurrency.
📌 If something goes wrong, use the "Dispute Transaction" feature.
💡 Example of buying USDT:
1. Go to P2P, select "Buy USDT".
2. Specify the required amount (e.g., $50).
3. Find a seller with a suitable limit and good rating.
4. Click "Buy", transfer the money, and confirm the payment.
5. After the transaction is completed, USDT will appear in your P2P wallet.
💡💡💡
📌Use only verified listings.
📌Make sure the money has arrived in the account before confirming the transaction.
📌Do not agree to communicate outside of Binance for safety.
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