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Binance Blog

Binance P2P: How to Create Advertisements to Buy or Sell Crypto

2021-08-17

Main Takeaways

  • Binance P2P allows users to buy, sell, and trade crypto with their favorite payment methods.

  • In addition to regular trading, our P2P platform includes an ad posting feature for users who want to set their own prices and payment methods when buying 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 utilizing different promotions. 

Binance P2P Ads

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 or sell crypto. 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, please ensure 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

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

  • Completed P2P trades with at least ten unique counterparties

You can find more details about our P2P ad posting requirements in this FAQ guide.

How to Post Ads 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. You can follow these three simple steps below to set up your ad. 

1. Set your ad and price type

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

  • The fixed price includes the price of BTC and the profit you want to earn. For example, 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 and 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 required for each trade. 

  • Binance P2P supports more than 700 payment methods, so you will likely find one that corresponds with your needs.

Let’s use Carlos as an example. Say he wants to sell 5,000 USDT through P2P ads. 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).

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. 

  • 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. Do note that the stricter your counterparty conditions, the fewer people your ad will reach.

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

Get Started on Binance P2P

You’re now equipped with all the tools to post ads on Binance P2P. All you need to do now is register for a Binance account and complete KYC identity 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. To learn more about how our P2P platform works, read this article for a quick introduction.

Further Reading

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.