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The Cheapest Way To Buy Bitcoin Locally (It’s Safe and Easy)


Main Takeaways

  • Nowadays, there are so many, almost too many, options to buy crypto, including credit/debit card, P2P, Spot trading, etc.

  • On some crypto platforms, you may encounter high transaction fees, confusing processes and, even worse, malicious scammers.

  • We created the Binance P2P marketplace to provide first-time and veteran users alike with a safe, convenient, and inexpensive option to buy and sell crypto.

You have your payment card out, ready to buy cryptocurrency. Or maybe you don’t have a card, but you have cash, or Venmo, Apple Pay. You did some research but you’re more confused than when you started. How do you choose where to buy crypto when there are so many options? 

What’s more, you may encounter the following problems: 

  1. High transaction and withdrawal fees 

  2. Malicious actors trying to scam you

  3. The complicated process of buying and storing your crypto in an easy and safe manner before, during, and after the transaction

We created Binance P2P exchange to address these pain points for P2P traders with a safe, convenient, and inexpensive option to buy and sell cryptocurrency. With access to a wide range of verified P2P ads from all around the world, there’s always the best trade waiting for you. 

Are you curious about Binance’s P2P marketplace and want to dive straight in? View the P2P crypto marketplace.

What is Binance P2P?

On Binance P2P marketplace, you will find only verified users and merchants who are offering to buy or sell cryptocurrency in a peer-to-peer manner. 

You can buy or sell crypto using your local fiat currency and pay or receive money through regional banks such as Barclays, Gazprombank, Raiffeisenbank, or Revolut. We also support Apple Pay, Paypal, WeChat, Venmo and much more. If you can use it to transfer money, we support it. Cash transactions are also available. 

Buy bitcoin right away! Skip reading and go to Binance P2P Bitcoin Exchange.

Setting up your Binance P2P account  

To create your Binance account, you will need an email address, phone number, and some personal identification such as a driver license, passport, or national ID. 

Then you need to enable two-factor authentication (2FA). This is a layer of security, in case someone has your password but they can’t log on without going through your 2FA. 

And finally, you need to verify your identity by uploading your ID. This know-your-customer (KYC) process is mandatory by law. 

You need to add at least one payment method, you can choose your favorite, on Binance P2P we have over 150. It takes two steps to add your payment methods, whether on Binance App or

  • Step 1: On the app homepage, click on “P2P Trading” to enter the P2P trading page. Enter the “Profile” tab on the bottom right.

  • Step 2: Click on “Payment Methods”, and “Add a new payment method”.

Once you have completed the steps above, you can start trading. 

3 steps to trading crypto on Binance P2P exchange. As easy as 1-2-3.

You can complete your first purchase in 3 simple steps: 

  1. Visit Binance’s P2P marketplace and select an ad you like

  2. Initiate the trade with the user, review the offer, and send the payment 

  3. Send the fiat currency to the seller. Once they receive your payment, they will release the crypto which will arrive in your wallet.

Look around the marketplace when picking the best ad. Click on the vendor’s username and look at their “30d completion rate” and “avg release time”. The reasons being, you want a person who has completed a high number of trades and fast release time. What’s great about the marketplace is that you can shop around for the best price, since different vendors offer different rates.

How does Binance P2P exchange ensure your safety? 

Binance uses an escrow system and moderation team to ensure that your trade goes smoothly. When you’re buying coins, the person who’s selling has his coins locked in escrow. Once the person received your funds, he will acknowledge the payment and release the tokens from the locked escrow to your wallet. 

Should any problems arise, you can dispute the trade. Binance P2P Customer Support agent will contact you and resolve the dispute. 

The escrow system ensures safety and fairness for both parties, with the Binance Support team working as your safety net would any issues arise.

What makes Binance P2P different from other exchanges? 

Unlike other marketplaces that charge you for listing fee, we don’t have any. There are no hidden fees, there is no “catch”. 

We provide this service for free, including 24/7 customer support. This is our way of boosting crypto adoption and providing the masses with access to borderless money. 

Binance, the easiest and cheapest way to buy crypto peer-to-peer

Whether you’re in Japan, Germany, Uganda, or Brazil and want to trade crypto peer to peer,  Binance has your back. 

Binance P2P marketplace makes it simple, fast and cheap for you to buy or sell crypto. And the best part? There are no fees. $0. Zero. 

Start your first trade on Binance P2P, click below!