Mastering P2P Trading with Binance Australia

2023-12-22

Main Takeaways

  • Learn about Binance P2P and why you may consider this option to trade in Australia

  • Be introduced to the merchant program and benefits of participating in this

  • Learn how to use Binance P2P Automated Payment Methods for speed, security & efficiency 

  • Discover the local payment methods offered on Binance P2P in Australia

  • Get the latest on P2P Updates for Australia

G’day Binancians! Check out our insightful 'P2P Mastery Webinar’, a must-watch video for anyone interested in mastering P2P (Peer-to-Peer) trading on Binance in Australia. 

Click here to watch the P2P Mastery Webinar now on the Binance Australia YouTube Channel.

What is Binance P2P?

P2P crypto trading refers to buying and selling cryptocurrencies directly between users, without a third party or intermediary. When you buy or sell cryptocurrencies using a traditional exchange, you don't get to transact directly with the counterparty. Instead, you use charts and market order aggregators to gauge the current market and bitcoin price and determine the optimal time to buy, sell, or hold your crypto. When you are ready to buy or sell, the exchange facilitates the transaction on your behalf.

P2P trading gives you more control over who buys your cryptocurrencies and who you buy from, the pricing and settlement time. For Australian users, we offer a multitude of local payment options, including PayID, OSKO, Revolut, and Bank Transfer. These options ensure a seamless and accessible trading experience.

For more information, see Intro to Peer-to-Peer Trading: What is P2P Trading and How Does a Local Bitcoin Exchange Work? 

Introduction to the P2P Merchant Program

For more active users, Binance presents the unique P2P Merchant Program. Participants in this program can join our global network of traders and reap the benefits that come with that status.

P2P ads from verified merchant accounts can be identified by a distinct yellow badge next to their nicknames. This badge assures other users that they're dealing with trusted members of our community.

How to become a Merchant in Australia

  1. Log in to Binance and scroll to the bottom 

  2. Then click on “P2P Merchant Application” under Business category. 

  3. Once you’ve met all the requirements, click [Apply now] to submit your application. 

  4. Our team will reach out to you within 14 days with an update on your application.

Automated Payment Methods: Speed, Security & Efficiency 

One standout feature we covered during the webinar is the Automated Payment Methods. This feature facilitates the instant release of cryptocurrency once the exact payment amount is confirmed to have been transferred from buyer to seller. The system promotes the speed, security, and efficiency of transactions. 

Trade with Local Payment Methods

Our focus at Binance is always about making crypto trading as convenient as possible for users. Binance P2P offers a wide range of local payment options in Australia including PayID and Osko payments.

Latest P2P Updates for Australia

The new Know Your Customer (KYC) buffer zone further ensures the safety of your transactions and bolsters our platform's security. We've also added PayID as a local payment method for Binance P2P in Australia.

Summary

The P2P Mastery Webinar aims to equip you with everything you need to make the most out of the Binance P2P platform. Let us know your questions and feedback in the comments!

Click here to watch the P2P Mastery Webinar now on the Binance Australia YouTube Channel.

Disclaimer: This information is of a general nature only and should not be regarded as specific to any particular situation. This should not be taken as financial advice to buy, trade, or sell cryptocurrency or use any specific exchange. This is not intended for use as investment, financial or legal advice as each individual's need will vary.