Main Takeaways
Laser-focused on constantly improving users’ trading experience and safety, Binance P2P is one of the crypto industry’s most secure P2P platforms.
Binance P2P has three trading zones for users to explore: P2P, Express, and Block Trade.
Learn how the three trading zones are different and how they fulfill users’ various needs.
Discover the world of Binance P2P by zooming in on its three trading zones: P2P, Express, and Block Trade. Whether you want to trade large amounts of crypto or place orders directly, Binance P2P has a zone for you.
Binance P2P is a peer-to-peer trading platform within the Binance ecosystem. The service’s top priorities are maximizing user safety and providing the most seamless trading experience possible. Binance P2P achieves these core objectives by introducing multiple safeguards – for example, an escrow service designed to hold crypto funds until both parties confirm having upheld their end of the transaction – and maintaining a responsive and professional customer service. This makes Binance P2P a convenient gateway to digital assets and a great place for newcomers to start their crypto journey.
What is a Trading Zone?
The first step in exploring Binance P2P is understanding the three trading zones that it offers: P2P, Express, and Block Trade Zones. Read on to learn more about each zone and what user needs they are designed to serve.
The P2P Zone
The P2P Zone is Binance P2P’s core offering. Within the P2P zone, traders can access the full range of buyers’ and sellers’ ads for all supported payment methods and cryptocurrencies. You can even compare prices across all available offers to make it easier to choose a counterparty for a peer-to-peer trade.
The P2P Zone also streamlines trading by offering over 700 payment methods and 100 fiat currencies to trade with, and users have more control over who they buy from or sell to.
Advantages of the P2P Zone
The most significant advantage to using the P2P Zone is access to the full range of ads. Thanks to this feature, you are most likely to find what you’re looking for, no matter the payment method you want to use. If you want to get a bird’s-eye view of the P2P market, the P2P Zone should be your first stop.
Limitations of the P2P Zone
Because the P2P Zone displays all available ads, some of the offers you see will be from new P2P merchants or those who haven’t gone through additional verification checks as experienced sellers.
Who should use the P2P Zone?
For new users who are still exploring the Binance P2P platform and getting used to its features, P2P Zone is a great place to start. You can sample the full breadth of the market and begin to explore deeper when you want.
The P2P Zone is simple to use and accessible through Binance’s website or app. To learn more about using the Binance P2P Zone, check out the following articles:
The Express Zone
The P2P Express mode allows you to place an order immediately by entering the fiat amount you want to buy or sell. While on the P2P Zone homepage you’ll see a list of ads from which you can select manually, the Express zone displays a simple order page that directly matches you with a suitable, verified merchant. This flow provides a more streamlined experience but limits your ability to fully control who you transact with.
Advantages of the Express Zone
The Express Zone’s ultimate benefit is its speed. It enables you to trade with unmatched speed and convenience, executing transactions with just a few taps on your mobile device. Furthermore, the counterparty in any Express Zone trade will always be an experienced merchant, giving you extra peace of mind.
Limitations of the Express Zone
Unlike the P2P Zone, in the Express Zone you won’t be able to see the widest possible range of ads and offers. This makes comparing prices more challenging and potentially narrows the choice of digital assets to trade and available payment options.
Who should use the Express Zone?
If you’re looking for quick, easy, and hassle-free crypto transactions, Binance P2P’s Express zone might be the one for you. For newcomers, the added safety of dealing with verified merchants also takes some of the pressure off.
Make sure to check our guide on How to Buy and Sell Cryptocurrency via P2P Express Zone on Binance App for more detailed instructions.
The Block Trade Zone
Block trades are large trades made directly between two parties. P2P users engage in block trades for the convenience of quickly buying or selling large amounts of cryptocurrency at a given price. These trades can also help you avoid price slippage you might experience on a traditional order-book exchange.
Only block merchants can post ads in the Block Trade Zone, and these can be identified by their purple diamond badges. We’re always looking for experienced and reliable block trade merchants at Binance P2P, and the steps to becoming one are quite straightforward for those who trade large amounts of crypto.
If you have a high average order volume, can pay a one-time security deposit, and clear a due diligence check performed by our risk and merchant management team, you should definitely consider the opportunity! As a verified block trade merchant, you’ll also get exclusive benefits, VIP discounts, and access to pro-level trading tools.
Advantages of the Block Trade Zone
If you want to get the best prices on large trades, the Block Trade Zone is the place to go. Block trade merchants enjoy lower fees than regular merchants, which means that their prices can be more competitive, and takers could enjoy better deals from such traders.
Limitations of the Block Trade Zone
The number of verified block trade merchants is much lower than that of regular sellers. Because of this, liquidity that the Block Trade Zone offers tends to be lower than in other zones. You may sometimes struggle to find someone who can fill your order immediately, and your payment options could be limited.
Who should use the Block Trade Zone?
For P2P users looking to make large orders, the Block Trade Zone can easily filter out unsuitable offers. You’ll also get competitive prices and experienced counterparties, which is a priority for many bulk traders.
Note that as of October 2022, the P2P Block Trade Zone is available in INR, HKD, NGN, VND, PHP, and IDR markets.
To learn more about the details of our Binance P2P Block Trade Zone, check out our Binance P2P Block Trade guide.
Start Trading on Binance P2P
Now that you’re familiar with the three trading zones available on Binance P2P, why not apply this new knowledge next time you’re looking to trade? With Binance P2P, the peer-to-peer trading experience is smoother, simpler, and safer than ever.
For more support and information, please refer to the following articles:
