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How to Create An Ad To Buy Or Sell Crypto on Binance P2P: Go From $0 to $10,000

2021-08-17

Binance P2P allows users to buy, sell and trade crypto with their favorite payment methods. In addition to regular trading, P2P includes an ad posting feature for users who want to set their own prices and payment methods when buying and/or selling crypto. In this guide on P2P ads, we'll walk you through everything you need to know, from setting up your ad to using different strategies to earn additional income. 

Main takeaway:

  • Learn how you can create ads to buy and sell crypto on our peer-to-peer marketplace.

  • We'll also provide helpful strategies to help you earn more money on Binance P2P, including utilizing our global marketplace, finding arbitrage opportunities with Binance Spot and offering high-demand payment methods on your crypto ads.

Binance P2P Ads: The Best Deal is in Your Hands

Binance P2P is a leading peer-to-peer platform that allows you to buy, sell and trade crypto directly with other users. Users can browse and set their own trading terms in the form of an ad. Setting up an ad on Binance P2P is fast, simple and flexible, giving you more control over who you trade with and how you buy and sell crypto. Bear in mind, ads that aren't set up correctly will lead to subpar results or even zero trades. If you want to get the best results, it's essential to understand the different ad settings and strategies you can use on Binance P2P.

Before we get started, we've made some recent updates, so please check below if you meet the following requirements for P2P ads:

  • Registered user for more than 30 days

  • Completed identity verification and SMS authentication

  • Completed a minimum of 20 P2P orders

  • 30-day P2P order completion rate of at least 80%

  • Completed P2P trades with at least 10 unique counterparties

View more details about our new P2P ad posting requirements in this FAQ guide.

How do I create an ad on Binance P2P?

Let's get your first ad posted! Select the P2P trading page on the Binance App homepage, switch to the Advertising Mode, and press the + button on the top right corner. Now follow the 3 simple steps below to set up your ad: 

1. Set your ad and price type

First, choose "Buy" or "Sell" ad type, then select the crypto asset and the fiat currency before choosing "Floating" or "Fixed" pricing.

  • Fixed price includes the price of BTC and the profit you want to earn. If the price of BTC is $50,000 and you would like to earn 5% profit ($2,500), you would set up a fixed price of $52,500. 

  • On the other hand, the floating price will fluctuate with the market price, with pricing that refreshes every minute.  For example, if the price of BTC is at $50,000 and you want to pay the market price, you can set up a floating price margin of 100% (pricing formula: 50,000 x 100% = $50,000). However, if you want to buy the asset at a lower price you can set up an ad with a floating price margin of 99.97% (pricing formula: 50,000 x 99.97% = $49,985)

2. Set trading amount and payment method

Next, enter the total trading amount, order limit and add a maximum of three payment methods. Then, set the payment time limit for buyers to complete the payment before the order gets canceled.

  • The total trading amount is how much you are willing to trade from your portfolio.

  • The order limit refers to the minimum and maximum amount you require for each trade. 

  • Binance P2P supports more than 300 payment methods, so you're likely to find one that corresponds with your needs.

Let’s use Carlos as an example. Say he wants to sell 5,000 USDT. This figure will be his total trading amount. Now, for the limits, he can set up a minimum limit of $50 and a maximum of $1,000, meaning that users can buy $70 worth of USDT from Carlos, but not $20 (because it’s below Carlos’ minimum limit). 

Tip: if you don't want to compete on price, you can compete on the amount you offer. For example, if all USDT/USD trades are currently at $0.99 and you don't want to lower your ad price to $0.93, you can play with the minimum and maximum amount for a more competitive offer. For example, if most users posted a minimum of $50 and a maximum of $1,000, you can set an even lower minimum amount of $20 and a higher maximum amount of $1,500.

3. Provide additional information for your ad 

This last step is optional but can help make your ad more user-friendly.

  • Provide relevant information about what to expect in the "terms" section. 

  • You can include additional instructions in an "auto-reply message" that will be sent to the counterparty after they complete the trade.-

  • Filter who you want to trade with by setting the counterparty conditions.  Don't make your counterparty conditions too strict otherwise; your ad won't reach enough people.

Still have questions? Check out our step-by-step guide for posting Binance P2P ads.

4 Strategies to Earn Income Through Your P2P Ads

1. Learn the art of arbitrage

Arbitrage is the simple act of buying crypto at a lower price and then selling at a higher price elsewhere. Many traders use this method because it's easy to learn and very effective. There are two areas on Binance P2P where you can find arbitrage opportunities:

  • Binance Spot: Find a price discrepancy between the Binance Spot market and the P2P market, then sell on whichever market has the higher price. Read this FAQ guide if you've never traded on the Binance Spot market.-

  • Global Marketplace: Crypto may sell for a much higher price in different regions, which means you can find profitable price spreads on crypto across different locations. 

2. Trade price differences in fiat currencies.

In addition to trading crypto, users can also profit through price spreads on our P2P fiat market, which supports more than 70 different fiat currencies. This type of strategy involves finding price discrepancies in the different fiat trading pairs and then exploiting them by buying low and selling high.  

3. Take Advantage of High-Demand payment methods.

With more than 300 different payment methods, Binance P2P offers many ways for you to exchange your crypto for your preferred local currency, or vice-ver. You’ll find that many users often pay a premium for select payment methods that may be less common. Use this to your advantage and buy from an ad selling crypto at a competitive price, then create an ad and sell the same crypto through a less accessible payment method for a higher price. 

4. HODL your assets and sell with zero fees

For our long-term users who aren’t a fan of trading, you can always HODL and then sell with zero fees through P2P. Once your asset has risen and you're ready to sell, visit Binance P2P and post an ad with your preferred payment method, currency and price.

Get Started on Binance P2P

You're now equipped with all the tools you need to post ads on Binance P2P and make additional income. All you need to do now is register for a Binance account and complete intermediate/advanced verification. If you want to become a P2P merchant, apply here and we’ll verify your identity and business before making you a verified merchant. If you want to learn more about our P2P offering, you can read this article for a quick introduction or refer to our other P2P articles below:

Follow Binance on Twitter or Facebook for more information.