The Cheapest Way To Buy Bitcoin Locally
Main Takeaways
Nowadays, there are many options to buy crypto, including credit/debit cards, P2P, Spot trading, and more.
On some crypto platforms, you may encounter high transaction fees, confusing processes, and even scammers.
We created the Binance P2P marketplace to provide first-time and veteran users alike with a safe, convenient, and inexpensive option to buy and sell crypto.
You have your payment card out, ready to buy cryptocurrency. Or maybe you don’t have a card, but you have cash, Venmo, or Apple Pay. You did some research, but you’re still confused. How do you choose where to buy crypto with so many options?
What’s more, you may encounter the following problems:
High transaction and withdrawal fees.
Malicious actors trying to scam you.
The complicated process of buying and storing your crypto in an easy and safe manner.
We created the Binance P2P exchange to address these pain points for P2P traders with a safe, convenient, and inexpensive option to buy and sell cryptocurrency. With access to a wide range of verified P2P ads from all around the world, there’s always the best trade waiting for you.
Are you curious about Binance’s P2P marketplace and want to dive straight in? View the P2P crypto marketplace.
What Is Binance P2P?
On the Binance P2P marketplace, you will find verified users and merchants who are offering to buy or sell cryptocurrency in a peer-to-peer manner.
You can buy or sell crypto using your local fiat currency and pay or receive money through regional banks, such as Barclays, Gazprombank, Raiffeisenbank, or Revolut. We also support Apple Pay, Paypal, WeChat, Venmo, and much more. Cash transactions are also available.
Buy bitcoin right away! Go to the Binance P2P Bitcoin Exchange.
Setting Up Your Binance P2P Account
To create your Binance account, you will need an email address, phone number, and some personal documents, such as a driver's license, passport, or national ID.
Then you need to enable two-factor authentication (2FA). This is an extra layer of security. In case someone gets access to your password, they can’t log in without your 2FA code.
And finally, you need to verify your identity by uploading your ID. This know-your-customer (KYC) process is mandatory by law.
To use Binance P2P, you will need to add at least one payment method (there are over 150 options). It takes two steps to add your payment methods, whether on Binance App or Binance.com.
Step 1: On the app homepage, click on “P2P Trading” to enter the P2P trading page. Enter the “Profile” tab on the bottom right.
Step 2: Click on “Payment Methods”, and “Add a new payment method”.
Once you have completed the steps above, you can start trading.
Trading Crypto on Binance P2P in 3 Steps
You can complete your first purchase in 3 simple steps:
Visit Binance’s P2P marketplace and select an ad you like.
Initiate the trade with the user, review the offer, and send the payment.
Send the fiat currency to the seller. Once they receive your payment, they will release the crypto, which will arrive in your wallet.
Look around the marketplace when picking the best ad. Click on the vendor’s username for more information. What’s great about the marketplace is that you can shop around for the best price since different vendors offer different rates.
How Does Binance P2P Exchange Ensure Your Safety?
Binance uses an escrow system and a moderation team to ensure that your trade goes smoothly. When you’re buying coins, the person who’s selling has their coins locked in escrow. Once the person receives your funds, they will acknowledge the payment and release the tokens from the locked escrow to your wallet.
Should any problems arise, you can dispute the trade. Binance P2P Customer Support agent will contact you and resolve the dispute.
The escrow system ensures safety and fairness for both parties, with the Binance Support team working as your safety net would any issues arise.
What Makes Binance P2P Different From Other Exchanges?
Unlike other marketplaces that charge you listing fees, we don’t have any. There are no hidden fees. Binance provides this service for free, including 24/7 customer support. This is our way of boosting crypto adoption and providing the masses with access to borderless money.
Binance, the Easiest and Cheapest Way to Buy Crypto Peer-to-Peer
The Binance P2P marketplace makes it simple, fast, and cheap for you to buy or sell crypto. And the best part? There are no fees. $0. Zero.
Start your first trade on Binance P2P. Click below!
