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As one of the most trusted P2P platforms in the industry, Binance P2P is constantly improving its trading features and enhancing user security.
Binance P2P offers four trading zones for users: P2P, Express, Volume Trading, and Cash.
Find out how these trading zones differ and what tasks they are used for.
Dive deeper into Binance P2P by learning about the four trading zones: P2P, Express, Volume Trading, and Cash. Binance P2P trading zones allow you to perform any trading task, be it trading large amounts or placing an order directly.
Binance P2P is a peer-to-peer (P2P) trading platform in the Binance ecosystem. The main advantages of the service are a high level of security and a convenient trading process.
Binance P2P provides fast and professional customer service, implementing solutions such as an escrow service designed to hold cryptocurrency funds until both parties confirm their end of the deal.
This level of security and accessibility makes Binance P2P a user-friendly digital asset platform and helps newbies explore the world of cryptocurrencies.
What is a shopping area
A trading area is an area on the Binance P2P platform where a specific type of trading occurs. The first step in learning about the Binance P2P platform is to review Binance's four trading zones: P2P, Express, Volume Trading, and Cash. Read on to learn more about each zone and what they are designed for.
P2P zone
The P2P Zone is the core product of Binance P2P. In the P2P area, traders have access to a full range of buyer and seller listings for all supported payment methods and cryptocurrencies. Users can also compare prices across all available offers, making it easier to choose a counterparty for P2P trading.
The P2P zone also simplifies the trading process, offering more than 700 payment methods and 100 fiat currencies, as well as giving users a greater choice of counterparties and assets to trade.
Advantages of the P2P zone
The most significant advantage of trading in the P2P zone is access to the full range of advertisements. With this feature, users can find the deals they want, regardless of their preferred payment method. If you are a beginner, learning about the P2P P2P market should start from the P2P zone.
Disadvantages of P2P zone
Since the P2P area displays all available listings, some of them may come from new P2P merchants or those who have not yet undergone additional verification as experienced merchants.
Who is the P2P zone for?
New users who are still learning about the Binance P2P platform and its capabilities should start with the P2P zone. Here you can explore all the market opportunities and, if desired, go deeper.
The P2P zone is easy to use and available on the Binance website and app. For more information on using the P2P zone on Binance, please see the following articles:
How to Buy Cryptocurrency on a P2P Platform on the Binance App
How to Sell Cryptocurrency on a P2P Platform on the Binance App
Express Zone
The Express area of the P2P platform allows you to place orders by specifying the fiat amount to buy or sell. The main page of the P2P zone displays a complete list of trade advertisements that you can manually select. However, the Express zone displays a simple order page where users find eligible verified merchants. This flow provides a more streamlined interaction, but limits the ability to choose the counterparty to the transaction.
Advantages of the Express zone
The main advantage of the Express zone is speed. In it, users can conveniently and quickly make transactions in just a few taps directly from their mobile devices. In addition, all counterparties for any transaction in the Express zone are experienced merchants, which provides additional security.
Disadvantages of the Express zone
Compared to the P2P zone, the Express zone presents a narrower range of advertisements and offers. This limitation makes price comparisons difficult, potentially narrowing the choice of digital assets to trade and available payment options.
Who is the Express zone for?
The Express Zone on Binance P2P is suitable for users who are interested in fast, convenient and effortless cryptocurrency transactions. Working with verified merchants provides an additional level of security and also simplifies trading for beginners.
For more information, check out our guide on How to Buy and Sell Cryptocurrency Using P2P Express Mode on the Binance App.
Zone "Trading in large volumes"
Large volume trading refers to large trades made directly between two parties. In this zone, you can conveniently buy and sell large amounts of cryptocurrency. Such trades will help avoid price slippage in the order book of a traditional exchange.
Only large merchants who display a purple diamond icon on their profile can post ads in the high-volume trading area. Binance P2P invites experienced and reliable large merchants to cooperate, offering a streamlined process for obtaining such status.
If you have a high average order volume, you can pay a one-time security deposit and undergo enhanced due diligence by our risk management and merchant relations team! Once you become a Verified Major Merchant, you'll enjoy exclusive benefits, access to VIP discounts, and professional-grade trading tools.
Advantages of the high volume trading zone
The high volume trading area provides the best prices for large transactions. Large merchants get access to reduced commissions, and at the same time more favorable prices, providing takers with attractive conditions.
Disadvantages of the high volume trading zone
There are significantly fewer verified large merchants than ordinary sellers. Because of this, the liquidity available in the high volume trading zone is generally lower than in other zones. This may make it difficult to find a counterparty to fill your order immediately or to access your desired payment methods.
Who is the high-volume trading area intended for?
The high-volume trading zone allows users of the P2P platform who wish to execute orders for a large amount to easily filter out unsuitable offers. In addition, this zone provides access to favorable prices and experienced counterparties, which is what large merchants are interested in.
Please note that as of May 2023, the high volume trading area is available for the following currencies: NGN, PEN, VES, AED, ARS, BRL, COP, MXN, PHP, VND, CNY and INR.
For more information about the high volume trading area on Binance P2P, check out our guide to high volume trading on Binance P2P.
Cash trading area
The Cash Zone is a new zone on Binance P2P. Users can find the nearest physical cash store and transact in person using fiat currency.
Only verified merchants can publish advertisements in the cash trading area. Binance P2P is looking for experienced cash merchants to join our platform. If you already have a physical store that supports cryptocurrency payments, then applying is easy.
Cash merchants enjoy exclusive advertising options, access to advanced ad management tools, increased brand awareness and special rewards.
Advantages of the cash trading zone
Users just need to find a merchant nearby who sells for cash on the classifieds page, come to the store and exchange cryptocurrency for cash or vice versa.
In some regions, buying and selling digital assets in the cash trading zone reduces wait times to a minimum, which is not the case with bank transfers, which have long transaction times.
Who is the cash trading area intended for?
If you're looking for a secure way to exchange cryptocurrency for cash locally or internationally, Binance P2P Cash Trading Zone can help. The cash trading area may also be suitable for users with limited access to banking and financial services.
Moreover, this zone helps merchants who already have physical stores to expand their customer base through listings on our P2P platform.
Please note that as of February 2023, the cash trading area is only available for the following currencies: TRY, HKD, TWD, KES, GHS, CLP, PEN and UYU.
Start trading on Binance P2P
Now that you've explored the four trading zones available on Binance P2P, try applying this new knowledge the next time you decide to trade. Binance P2P makes peer-to-peer trading more convenient than ever!
Additional Information
(Blog) What you need to know about P2P Express
(Blog) What you need to know about large trade
(Support) How to Use Binance Pay for Domestic Cryptocurrency Transfers on the Binance App
Denial of responsibility. Your use of the Binance P2P services, and all information and other content (including third parties) included or available on Binance P2P, is at your own risk. Our responsibility is limited to processing cryptocurrency transactions. All payments are final upon completion unless otherwise required by law. Binance P2P Platform has neither the right nor the obligation to resolve any disputes arising in connection with a completed payment. Neither the Binance P2P platform nor the merchants are responsible for your losses as a result of your payment.