How to Sell Crypto Via P2P Cash Trade Zone on Binance App?

Last updated: 6 Jan 2025

Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.

Before selling crypto on the P2P Cash Trade Zone, you'll need to transfer the crypto you want to sell to your Funding Account first. For more details, please refer to the step-by-step tutorial on How to Transfer Assets from Spot Account to Funding Account.

1. Log in to your Binance app and go to [Trade] - [P2P]. Tap [P2P] at the top and select [Cash].

2. Go to the [Sell] tab. You’ll see the available cash ads in your region in a map or list view. You can also find the nearest store by enabling location services on your phone.

3. Tap a preferred ad. You’ll see the buyer’s payment time limit and terms (if any) at the bottom.

Enter the amount of crypto you want to sell under [By Crypto], or tap [By Fiat] to enter the amount of fiat you want to receive. Tap [Sell] to confirm the order.

4. Your sell order will be generated. Go to the store within the set time limit along with your ID document (ID card, passport or driver’s license).

Important Note:

• Make sure to go to the store and complete the transaction within the specified time limit.
• The name on your ID document (ID card, passport, or driver’s license) must match the name on your Binance account.

5. Present your ID document and the QR code to the buyer. Once confirmed you’ve received the correct amount in cash, tap [Payment Received] and [Confirm] to release the crypto to the buyer’s account.

Important Note: Always confirm that you’ve received the correct cash payment amount from the buyer before tapping [Payment received] and [Confirm release]. DO NOT release crypto to the buyer if you haven’t received the payment.

6. You’ll be prompted to confirm the crypto release with your passkey or 2FA devices.

7. Your order is complete and you’ve successfully sold your crypto.

Note:

• Only tap [Payment Received] after you’ve received the correct payment in the store.
• If your verified Binance account name does not match the name on your ID document, this violates the Binance P2P transaction rules, and your P2P functions will be suspended.
• If the buyer's store does not exist or you're asked to trade at an unverified address, cancel the order and contact Binance Support for assistance. Once a cash order is marked as complete, you won’t be able to submit an appeal.