Make Crypto Trades In Person With Binance P2P’s Cash Zone
Binance P2P is one of the market’s most popular and secure peer-to-peer (P2P) crypto trading platforms.
Through the Cash Zone, users can buy and sell crypto from dedicated cash merchants with physically registered stores in their area.
Binance P2P recently launched a new trading zone — the Cash Zone. Check it out!
Featuring industry-leading security and highly competitive liquidity, Binance P2P is one of the most popular peer-to-peer (P2P) crypto trading platforms in the industry. Users can trade their crypto for over 100 local currencies and choose from over 700 payment options.
To make the crypto trading experience even more varied and accessible to a wider range of users, we’ve expanded our trading zone with the Cash Zone, which further complements our existing offerings.
The Cash Zone
The Cash Zone is Binance P2P’s newest trading zone. Users can choose from a range of buy and sell cash ads and visit a Cash Merchant's physical store to conduct face-to-face trades using fiat currency.
Only verified cash merchants can post ads in the Cash Zone. Binance P2P is always looking for experienced Cash Merchants to join our platform, and if you already have a brick-and-mortar crypto trading store, becoming one is a straightforward process.
As a cash merchant, you’ll receive exclusive ad posting options, access to advanced ad management tools, increased brand awareness, and exclusive rewards.
Advantages of the Cash Zone
Users can easily locate a cash merchant near them on the cash ad page, visit the merchant's physical store, and trade crypto in person using cash as a payment method.
For users in specific regions, buying or selling their digital assets in the Cash Zone completely eliminates the long waiting times that can occur during bank transfers.
Who should use the Cash Zone?
If you’re looking for a quick, hassle-free, and secure way to exchange crypto for cash in your region or abroad, Binance P2P’s Cash Zone might be the answer. The Cash Zone is a suitable option, especially for users in unbanked regions or who have limited access to financial services.
What’s more, the Cash Zone is a great way for merchants with existing physical stores to expand their customer base via ad listings on our P2P marketplace.
Please note that as of February 2023, the Cash Zone is only available in the TRY, HKD, TWD, KES, GHS, CLP, PEN, and UYU markets.
How to Sell Crypto Using the Cash Zone
Log into the Binance app and tap [P2P Trading], then tap [P2P].
You’ll be prompted to select your trading zone; tap [Cash].
Choose the cryptocurrency you want to buy or sell. Next, locate ads near you by entering your location in the search bar or the amount you wish to transact. Pick the ad that suits your needs the best and tap [Sell].
Enter the amount of crypto you want to sell and tap [Sell].
You’ll be redirected to a page with the merchant’s address. Talk to the merchant via the chat box to confirm the meet-up details and go to their store within the payment window. Remember to bring your personal ID documents so the merchant can verify your identity.
Once there, let the merchant scan the QR code. If the time expires before you arrive at the shop, you will need a new QR code. Drag the screen to refresh the page and a new QR code will be generated.
After you confirm the correct cash amount, tap [Payment Received] to release the crypto.
If the merchant is not in the store and you meet the staff instead of the account owner, the staff must take a photo of the QR code and send it to the merchant, so they can scan the code and mark the order as paid.
The staff can also scan your QR code to see the order information as it appears in image 9. However, they can’t mark the order as paid.
For a more detailed step-by-step guide, check out our tutorial on How to Sell Cryptocurrency Via P2P Cash Trade Zone on Binance App. Alternatively, if you’re looking to buy crypto using the Cash Zone, check out our in-depth guide on How to Buy Crypto Via P2P Cash Trade Zone on Binance App.
When Should I File an Appeal?
While Binance P2P may be a hassle-free way for users to buy and sell crypto, transactions don't always go smoothly. Below, we've outlined instances when a cash merchant is eligible to open an appeal so our customer service team can help solve the issue.
Change in meet-up location
In the event the counterparty insists on trading at a different address from the one listed on the order page, this can be reported to our customer support team via the Binance chat.
If the buyer doesn't show up within the payment window but still marks the order as "paid" or claims to have transferred the funds, you can open an appeal.
Withheld or inconsistent ID information
A merchant can file an appeal or contact customer support if their counterparty refuses to provide their ID card, passport, or driver's license as identification proof. Similarly, a merchant can also open an appeal if the counterparty's verified Binance account name doesn't match the name printed on their ID document.
To learn more about opening appeals as a cash merchant, check out our Binance P2P “Cash Trade” Appeal Handling Rules article.
Get Started With Binance P2P
Now that you’ve learned all you need to know about Binance P2P’s Cash Zone, why not try applying your new knowledge to your next crypto trade? With Binance P2P, the peer-to-peer crypto trading experience has never been this straightforward, convenient, or secure.
(Blog) A Comprehensive Guide on Becoming a Binance P2P Cash Merchant
(Blog) Binance P2P: Travel and Save Money on Currency Conversions
(FAQ) How to Buy Crypto Via P2P Cash Trade Zone on Binance App
(FAQ) How to Sell Cryptocurrency Via P2P Cash Trade Zone on Binance App
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.