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3 Ways to Buy Bitcoin & Crypto With Peer-to-Peer (P2P)

2022-02-10

Main Takeaways:

  • Peer-to-peer marketplaces give users more control over how they buy and sell crypto.

  • With Binance P2P, we offer three different ways for users to trade popular cryptocurrencies like bitcoin.

  • Choose from our default P2P trading experience, Express or Block Trade. 

Enjoy different ways to buy bitcoin on Binance P2P, whether you’re a beginner or a crypto expert. 

Peer-to-peer, commonly known as P2P, is a popular avenue for crypto users. Unlike conventional crypto exchanges, P2P marketplaces allow you to buy cryptocurrencies directly with other users using your preferred payment method and local currency. 

If you’re looking for an easy way to get started, Binance P2P offers three different methods depending on your experience level: P2P, Express and Block Trade. As the number one peer-to-peer marketplace, Binance P2P facilitates zero-fee crypto transactions in more than 300 payment methods and 70 local currencies for millions of users worldwide.

For Beginners

Buying or selling crypto can be a bit confusing at first—especially for less experienced users. In this section, you’ll learn more about P2P Express and how it can help you as a beginner P2P trader. 

Please note: If you’re more experienced with P2P or crypto in general, feel free to skip this part and read our section for Intermediate to Advanced Users.

What is P2P Express?

P2P Express is a straightforward channel to help first-timers find the best price and complete trades on Binance P2P. You won’t have to worry about comparing prices, payment methods or your trading counterparty. To place your order, just select your cryptocurrency and enter the corresponding fiat amount you want to buy. Our matching engine will automatically find you the best offer from an experienced merchant, ensuring you have a smooth transaction. 

For Intermediate to Advanced Users

Binance P2P offers more in-depth services like an advanced interface with a full range of ad postings and a section dedicated to bulk crypto transactions. Skip to our P2P Block Trade section if you’re just looking to make a sizable crypto transaction with experienced block traders. 

What is P2P?

The P2P zone provides more detail and control over your transactions. Unlike Express, you’ll have full access to different search filters and all the available ad postings. Compare offers from around the world in more than 300 payment methods and 70 local currencies before you place an order. However, the Binance P2P marketplace isn’t exclusive to buying or selling crypto. You can also use the wide range of ad postings to earn money by leveraging price differences or niche payment methods. Can’t find a suitable offer? Create your own ad according to your needs and enjoy the lowest ad posting fee on the market.

What is P2P Block Trade 

Block trades are large crypto transactions between two trading counterparties. You can start by visiting our Block Trade zone, which filters all ad postings to only verified Block Trade merchants. These merchants can be identified by the purple diamond badge next to their username. The actual transacting process is the same as our default P2P experience. Select an ad posting and follow the steps to complete your trade. 

Please note: To perform a block trade on Binance P2P, you’ll need at least an equivalent value of $50,000 US dollars in funds. 

Which Method Should I Choose

It’s all up to you! That’s the beauty of P2P crypto trading. Beginners can start with our simple P2P Express interface, while more intermediate traders can explore the different possibilities from our full range of ad postings. For expert traders with large account balances, the P2P Block Trade zone is the perfect ramp to quickly convert your local currency into bitcoin or other popular cryptocurrencies.

Get Started on Binance P2P

Create a Binance account, download the mobile app and complete account verification. Once your account is verified you can start buying bitcoin and other crypto your way with zero fees on Binance P2P

For more information on Binance P2P, you can read our helpful resources below: 

Disclaimer: Your use of the Binance P2P services and all information and other content (including that of third parties) included in or accessible from the Binance P2P services is at your sole risk. Our only responsibility is to handle crypto transactions. All payments are final upon completion unless otherwise required by law. Binance P2P platform has neither the rights nor the obligations to resolve any disputes arising from a completed payment. Neither Binance P2P platform nor merchants shall be responsible for your loss in a completed payment.