Selling your USDT on Binanceâs Peer-to-Peer (P2P) marketplace lets you convert digital assets to fiat directly with other users. Itâs safe, user-friendly, and packed with options. Follow these steps for a seamless and profitable sale! đ
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đč 1. Whatâs Binance P2P?
Binance P2P is a peer-to-peer trading service, allowing direct trades between users. Transactions are secured by an escrow system that protects buyers and sellers until payment is confirmed, giving you peace of mind.
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đž 2. Why Sell USDT on Binance P2P?
Using Binance P2P has significant advantages:
Secure Transactions: Escrow holds assets until payment is verified.
Wide Payment Choices: Choose from various currencies and payment methods.
Price Flexibility: Set your price or pick existing offers.
Low Fees: Typically, minimal to no trading fees!
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đ 3. Step-by-Step Guide to Selling USDT on Binance P2P
Step 1: Sign In to Binance
Log in to your Binance account on the app or website.
New user? Register and complete verification.
Step 2: Go to Binance P2P
On the homepage, tap âTradeâ and choose âP2P.â
This takes you to the P2P trading interface with live offers.
Step 3: Select âSellâ and Choose USDT
Tap the âSellâ tab and select USDT (Tether) from the currency list.
Step 4: Find Your Ideal Buyer
Use filters to narrow down by currency (e.g., USD, EUR) and payment method (e.g., bank transfer, PayPal).
Step 5: Pick a Buyer and Set Up Your Trade
Click âSellâ next to your chosen buyer.
Enter the amount of USDT to sell and review your total.
Step 6: Move USDT to Your P2P Wallet
Ensure your USDT is in your P2P wallet (transfer from spot wallet if needed).
Step 7: Confirm and Initiate the Sale
Click âSell USDTâ to initiate the sale.
Binance will hold your USDT in escrow for protection.
Step 8: Wait for Payment
Buyer sends payment via your specified method.
Once you see the deposit in your bank or app, hit âPayment Received.â
Step 9: Release USDT to Complete the Trade
Confirm payment and select âConfirm Releaseâ to transfer USDT to the buyer.
Binance releases funds from escrow, and the transaction is marked as complete.
Step 10: Leave Feedback
Rate the buyer to help others find reliable traders!
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â 4. Safety Tips for Binance P2P Transactions
Verify Payment: Double-check bank or app before confirming.
Choose Verified Buyers: Look for high ratings and good reviews.
Stay on Binance Chat: Avoid external messaging to reduce fraud risk.
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đĄ 5. FAQs
Can I cancel a P2P trade?
Yes, you can cancel before marking payment received, but avoid frequent cancellations to keep your account in good standing.
How long does payment take?
Payment times vary; Binance provides an estimate based on buyer history.
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đ With these steps, selling USDT on Binance P2P is smooth and secure. The escrow system and ease of navigation make it a trusted way to cash out. Ready to get started? Hit like, share, and follow for more insights like this! đ
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