Peer-to-peer (P2P) trading allows users to exchange assets directly. Binance P2P serves as a bridge for global cryptocurrency users, facilitating direct exchanges between buyers and sellers. The platform is designed to be user-friendly, offering a range of tools and features that cater to both beginners and experienced traders. Keep reading to learn about the key advantages of Binance P2P and how to get started.
Let’s take a look at some key benefits of Binance P2P:
Escrow service. Safe holding of cryptocurrencies during transactions, mitigating the risk of theft and fraud.
Diverse payment methods. Binance P2P supports over 800 payment methods and 100+ fiat currencies, making it highly accessible.
24/7 customer support. Professional assistance in multiple languages.
Price control. Freedom to choose your seller or set your own price.
It is easy to begin trading on Binance P2P. Here is a list of steps to get started.
Register your account on Binance.
Pass the KYC verification.
Set up your preferred payment methods.
You are ready to buy on Binance P2P.
If you want to sell on Binance P2P, you need to transfer some assets to your Funding Wallet first.
Trading on Binance P2P involves browsing ads and selecting one that matches your needs. Buyers and sellers must agree to the terms set out in the ads. Payments and crypto releases are handled within the platform, which secures transactions through an escrow service.
The platform also offers detailed user guides and lets you manage both payment methods and P2P ads (see image below).
Learn more: What Is Binance P2P and How to Use It?