Main conclusions

  • Binance P2P allows users to buy, sell and trade cryptocurrencies using their preferred payment methods.

  • In addition to regular trading, our P2P platform features an ad listing feature that allows users to specify their preferred prices and payment methods when buying and selling cryptocurrencies.

In this guide, we'll cover everything you need to know about advertising on P2P, from setting up your ads to using different strategies to generate extra income.

Binance P2P Announcements: The Best Deal is in Your Hands

Binance P2P is the leading peer-to-peer platform where you can buy, sell and trade cryptocurrencies directly with other users. Users can select and designate trading conditions in the ad. The speed, ease, and flexibility of setting up an ad on Binance P2P allows them to determine with whom and how they trade. Please note: Setting up your ad incorrectly may result in poor results or even no deals at all. To achieve high rates, you need to understand how the different settings work and what ad strategies you can use on Binance P2P.

Some terms of use of the P2P service have recently been updated. Before we begin, please make sure you meet the following requirements to post an ad on P2P:

  • You have been registered on Binance for more than 30 days.

  • You have passed verification and activated SMS authentication.

  • You have completed at least 20 P2P orders.

  • The percentage of completed P2P orders on your account within 30 days is at least 80%.

  • You have completed successful P2P transactions with at least 10 unique counterparties.

You can find more information about our new P2P ad requirements in this guide.

How to post an ad on Binance P2P?

Let's post your first ad! Select the P2P trading tab on the main page of the Binance app, switch to announcements mode and click on the “+” in the top right corner. Now follow 3 simple steps to set up your ad:

1. Setting the ad category and price.

First of all, select the ad type (“Buy” or “Sell”), then select the cryptocurrency asset and fiat currency, then select either the “Floating” or “Fixed” price.

  • The fixed price consists of the BTC price and the profit you want to make. If the price of BTC is $50,000 and you plan to make a 5% profit ($2,500), then you should set the fixed price at $52,500.

  • In turn, the floating price will change depending on the market price, updating every minute. For example, if the BTC price is $50,000 and you want to pay the market price, you can set the floating price margin to 100% (pricing formula: 50,000 x 100% = $50,000). However, if you want to buy the asset at a lower price, you can set the floating price margin in your ad to 99.97% (pricing formula: 50,000 x 99.97% = $49,985).

2. Setting the total trading volume and payment method.

Then enter your total trading volume, order limit, and add up to three payment methods. Set the length of the payment window for buyers to complete the payment before canceling the order.

  • Total trading volume is the amount of your portfolio that you are willing to use for trading.

  • The order limit determines the minimum and maximum amount required for each trade.

  • Binance P2P supports over 700 payment methods. Most likely, you will find one that suits your needs.

Let's take Michael as an example. Let's say he wants to sell 5,000 USDT. This figure will be its total trading volume. Now he can set a minimum limit of $50 and a maximum of $1000. This means that users can buy $70 worth of USDT from Michael, but not $20 worth of USDT (since that is below Michael's minimum limit).

Tip: If you don't want to compete on price, you can compete on the limit you offer. For example, if all USDT/USD trades are currently $0.99 and you don't want to lower the price in your ad to $0.93, you can play around with the minimum and maximum order amount to create a more competitive offer. So, if the majority of users have posted ads with a limit of at least $50 and no more than $1,000, you can set an even lower minimum amount of $20 and a maximum amount of $1,500.

3. Provide additional information in your ad

This last step is optional, but it can make your ad more user-friendly.

  • In the Terms section, provide up-to-date information about what your counterparties can expect.

  • You can include additional instructions in the "automatic message" that will be sent to the chat after the counterparty places an order.

  • Filter potential counterparties by setting specific requirements. But don't make them too rigid, otherwise your ad won't be seen by enough people.

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

4 Strategies for Generating Income with P2P Ads

1. The art of arbitration

Arbitrage is the simple process of buying cryptocurrency at a lower price and then selling it at a higher price somewhere else. Many traders use this method because of its ease and effectiveness. There are two different ways to make money from arbitrage using Binance P2P:

  • Binance Spot Market: Find the price discrepancy between the Bianance spot market and the P2P market and buy the asset in the market with a lower price, then sell it in the market where the price is higher. If you've never traded on the Binance spot market, check out this guide.

  • Trading across different regions: Cryptocurrency can sell for much higher prices in certain regions, meaning you may find favorable cryptocurrency price spreads between markets in different countries.

2. Difference in prices for fiat currencies

In addition to trading cryptocurrencies, users can also profit from price differentials on our P2P fiat marketplace, which supports over 70 different fiat currencies. This type of strategy involves finding and exploiting price discrepancies in different fiat pairs, buying currencies at low prices and selling at high prices.

Providing over 700 different payment methods, Binance P2P offers many ways to exchange cryptocurrencies to your preferred local currency or vice versa. You'll find that many users often pay more for certain payment methods, which may be less common. Use this fact to your advantage: find sellers through ads offering crypto at a competitive price, and then create your own ads to sell the same cryptocurrency, but through a less accessible payment method and at a higher price.

4. HODLING assets and their subsequent sale with zero commission

Users who avoid trading can always walk and then sell via P2P with zero commission. Once your asset appreciates in value and you are ready to sell, visit Binance P2P and post an ad with your preferred payment method, currency, and price.

Getting Started on Binance P2P

Now you have all the tools to post ads on Binance P2P and earn extra income. All that remains is to create an account on Binance and go through verification. If you are interested in becoming a P2P merchant, apply here. We will review your personal and business details before assigning you Verified Merchant status. You can learn more about our P2P offering by reading this short article or by referring to our P2P articles below:

  • (Blog) Everything You Need to Know About Bitcoin and Cryptocurrency Trading on Binance P2P

  • (Blog) Binance P2P: Pro Tips for Safe Bitcoin Trading

  • (Blog) Binance P2P: 11 Tips to Protect Yourself from Scammers

  • (Blog) 5 Tips to Find the Best Deal When Buying Bitcoin on Binance P2P

  • (FAQ) How to buy and sell cryptocurrency on Binance P2P

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.