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How to Buy Cryptocurrency via P2P Trading on Binance Lite

How to Buy Cryptocurrency via P2P Trading on Binance Lite

2021-03-24 12:38
Tutorial video
You can buy cryptocurrency via P2P trading with over 600+ payment methods on Binance Lite.
The Binance Lite mode offers a clearer and easier way for you to buy and sell cryptocurrencies using fiat currencies. You can switch between the Lite and Pro versions by tapping the [Profile] icon at the top left corner of your screen. Then, toggle the button next to [Binance Lite] to enable or disable it.
Before buying any crypto, please make sure you have enabled at least one Two-Factor Authentication (2FA) method and completed Identity Verification for your account.

How to buy crypto via P2P trading on Binance Lite?

1. Log in to your Binance App and tap the [Trade] icon at the bottom of the screen. Tap [Buy].
2. Select the crypto you want to buy.
3. Enter the amount you want to purchase. You may also tap on the fiat currency next to the purchase amount to select another currency. Tap [Buy] to create an order.
4. You will see the amount of crypto you can get based on the current market price and the available payment methods for the fiat currency you chose. Select your preferred payment method and tap [Confirm].
Please note that if you don’t confirm the order within 45 seconds, the quote will expire. You can tap [Refresh Price] to get a new quote.
5. The system will automatically match your order with the best available order on the P2P market. Please make payment according to the payment method you chose within the time period specified by the seller. Always confirm the order details before tapping [Make Payment].
6. You will see the seller’s payment information. Please make payment as instructed. Once you’ve transferred the payment, tap [Transferred, notify seller].
Please make sure to transfer funds from your own account that matches your verified name on Binance.
7. The order status will change to [Releasing]. The seller will release crypto after confirming your payment. Please wait patiently.
8. Once the seller confirms and releases your crypto, you will be redirected back to the App homepage. Tap on the [Portfolio] icon to view your purchased crypto.
  • If you cannot receive the crypto 15 minutes after tapping [Transferred, notify seller], you can contact the seller directly by tapping the [Chat] icon on the top. You may also tap [Appeal] to contact Customer Support agents for assistance.
  • Please note that you cannot place more than 2 ongoing orders at the same time. You must complete the existing order before placing a new order.