Step 1: Fast P2P transaction is actually a traditional P2P transaction, but Binance has chosen the best seller and price for you. For traditional P2P trading, you can select your desired price and the seller you want to deal with. First, click the P2P button in the upper left corner of the screen. On the next screen, you will see various sellers' information. Here are some tips to choose a trusted seller in addition to competitive prices:
Only select business-class sellers with a diamond icon next to their name.
Choose sellers who have completed many trades in the past.
Opt for sellers with a high transaction completion rate (at least 99% is optimal).
Look for sellers who receive a lot of good feedback.
You can click on the sellerâs name to find out more information. On the next screen, enter the amount of money or crypto you want to buy and proceed to the payment page.
Step 2: For the payment part, you will have 15 minutes to transfer money to the seller before the transaction is canceled. This process is similar to the payment in fast P2P transactions; please refer to the instructions above to do it correctly. Here are two important notes:
Click the Transferred button after completing the bank transfer.
Take a screenshot of the payment transfer screen to send to Binance in case of dispute.
Now you can complete your crypto purchase via the Binance P2P channel. Binance is the worldâs leading exchange today, and P2P transactions are free. When buying crypto, you will need to transfer money first, but rest assured that Binance will lock the sellerâs amount of crypto, so as long as you complete the transfer and have proof of the transfer, you will receive the amount of crypto you ordered.