If you're reading this from a Latin American country, buying and selling cryptocurrencies is pretty straightforward if you have a bank account. I've seen many people who are afraid to use Binance P2P, and I don't really get why they're so scared... I know there are lots of myths and websites that frighten people with "scams" in crypto trading, but if we follow the right people and learn something new every day, we'll become more confident in our knowledge and can trade without fear of messing up.
Today, I'll share my strategy for buying USDT on Binance P2P, a method designed to ensure safety, speed, and a smooth transaction process:
1) I only choose Verified Traders. These are the ones with a golden checkmark next to their username.
2) I make sure that the release time is 15 minutes or less.
3) I read their terms and conditions (you can find these on each listing).
4) I filter by payment method (the one I'll use to pay for the cryptocurrencies).
5) I filter by the amount in my local currency that I'll be paying.
Once I've found the person who has the amount I need, I press Buy USDT. A Binance screen pops up with personal information where I need to transfer the amount in local currency, using the digital method I chose, and once I make the transfer, I press the button Binance shows to confirm that I've transferred. At this point, depending on the terms and conditions I agreed to from the listing, I might need to attach the transfer receipt.
Then, the seller will verify that I used my personal bank account for the transfer (this is a requirement), and once they've confirmed the money has arrived, they will release the cryptocurrencies I bought, which will arrive in my Binance Funding Wallet. From there, I can find them and use them however I want.
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