Binance P2P: Buy Bitcoin via Cash App
Main Takeaways:
Binance P2P allows users to easily buy Bitcoin using Cash App as a payment method.
Buying bitcoin or other cryptocurrencies with Cash App works similarly to other payment methods you might already be familiar with — and it only takes four easy steps.
If you’re on the hunt for a hassle-free and quick way to buy Bitcoin, try using Cash App as a payment method on Binance P2P.
As technology continues to develop in the fintech space, mobile payment apps like Cash App have become go-to payment options for many people. Cash App users can now take advantage of the low fees and a wide selection of cryptocurrencies on Binance P2P when buying crypto.
Keep on reading to learn how to buy bitcoin with Cash App on Binance P2P in four easy steps.
What Is Cash App?
Cash App is one of the biggest mobile payment apps available only in the UK and US. The app lets users send and receive money, buy goods, pay bills, and more. You can create a free account to instantly send funds to or receive funds from other users in the same country. Once you download the app and register, you can fund your account with a debit card tied to your bank account or do so directly via bank transfer.
Cash App is also a payment option on Binance P2P. To purchase crypto via Cash App on Binance P2P, you have to first fund your Cash App account with the amount of fiat with which you are looking to purchase crypto.
How to Buy Bitcoin With Cash App on Binance P2P
Buying Bitcoin with Cash App on Binance P2P works similarly to other payment methods and only takes four easy steps.
Step 1: On the Binance App Homepage, click [P2P Trading].
Step 2: Click [Buy] and select [BTC] from the top menu bar. Choose either USD or GBP as your preferred fiat currency and Cash App as your payment method from the drop-down menu. Select a seller with the ad that works best for you, then click [Buy].
Step 3: Enter the amount in your fiat currency or quantity in BTC you want to buy and click [Buy BTC].
Step 4: Confirm the payment method and total amount on the [Order Created] page. Then transfer the money directly via Cash App within the payment time limit. Once you’ve made your payment within the time limit, click [Transferred, Notify Seller] on the [Pay The Seller] page.
How to Sell Bitcoin With Cash App on Binance P2P
Step 1: Tap [Sell], then select the crypto you want to sell and the payment method [Cash App]. You will see the available offers on the market. Tap [Sell] next to the offer you prefer.
Step 2: You will see the buyer’s payment method, payment window, and terms (if any) at the bottom. Enter the amount of crypto you want to sell under [By Crypto], or tap [By Fiat] to enter the amount of fiat you want to receive. Tap [Sell] to confirm the order.
Step 3: Your sell order will be generated. Please wait for the buyer to make a payment using your selected payment method. You may tap [Chat] to contact the buyer directly.
Note: You will be notified once the buyer completes the payment. Always confirm that you have received the buyer’s payment in your bank account or wallet before tapping [Payment received] and [Confirm release].
DO NOT release crypto to the buyer if you haven’t received payment. After confirming you have received payment, tap [Payment received] and [Confirm] to release the crypto to the buyer’s account.
Get Started With Binance P2P
Sign up for a Binance account or download the Binance App. Once you’ve verified your identity, you can start buying crypto with low fees on the Binance P2P marketplace.
Further Reading
Intro to Peer-to-Peer Trading: What is P2P Trading and How Does a Local Bitcoin Exchange Work?
How to Create An Ad To Buy Or Sell Crypto on Binance P2P: Go From $0 to $10,000
5 Tips on How to Pick the Best Offer When You Buy Bitcoin on Binance P2P
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.