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Binance Blog

Binance P2P Launches Ad Posting: Start Your Own Crypto Trading Business

2020-05-08

Main Takeaways

  • Binance P2P is a peer-to-peer (P2P) trading platform where you can directly trade crypto with other users without needing an intermediary. 

  • Users can now create their own ads to buy and sell cryptocurrencies on our P2P platform.

Through the new advertisement posting feature on Binance P2P, users can post trade ads to buy and sell crypto assets using 100 fiat currencies on the Binance mobile app. 

Binance, the global blockchain company behind the world’s largest digital asset exchange by trading volume and users, has launched a new trade advertisement feature on its peer-to-peer (P2P) marketplace. 

The advertisement posting feature furthers Binance P2P’s mission to promote freedom for crypto trading by offering an option for users to set up their own trades. Users can post trade advertisements to buy and sell crypto assets using 100 fiat currencies on the Binance mobile app. 

“At Binance, we strive to increase the freedom of money, and we are delighted to give our global users more freedom of crypto trading through creating their trades.” said Changpeng Zhao (CZ), Binance CEO. “Moreover, users can trade peer-to-peer for free, as we are not charging any fees for providing the P2P Trading platform.” 

Be Your Own Local Crypto Exchange 

Previously, users could only buy and sell cryptocurrencies from the verified merchants on the Binance P2P platform. The merchants' profit from offering trades to the users, with a daily earning varying from a couple of hundred to over $5,000. With the ads posting feature, users have the opportunity to start their own crypto trading business.

“Cryptocurrency exchange is a profitable business, and now you can be a local crypto exchange on the Binance P2P platform. You can make your profit by providing competitive prices or new payment methods for users across the world, meanwhile giving crypto access to beginners. It starts from creating an ad on Binance P2P,” said CZ. 

Since its launch in October 2019, Binance P2P has become a leading P2P cryptocurrency marketplace, with a monthly trading volume of 250 million US dollars. Currently, Binance P2P supports 100 fiat currencies, and the most traded currencies include the Chinese yuan, Vietnamese Dong, Russian Rubles, Indian Rupees, and Malaysian Ringgit.  

Create a Profitable Trade on Binance P2P 

To create a trade on the Binance P2P platform, users need to complete Level 2 identity verification and post an advertisement. Here is how a user posts a P2P trade ad within one minute.

Step 1: Choose the cryptocurrency you want to buy or sell

Click the [...] icon on the P2P trading page and start posting an ad. Select the fiat currencies and cryptocurrencies you want to buy or sell. Binance P2P currently supports BTC, ETH, USDT, BNB and BUSD against 100 fiat currencies. 

Step 2: Set up an ad

Then set the price type, the trading amount, order limit, payment method, and payment time limit for your ad. Additionally, you can add a remark and note and set the counterparty conditions. 

Step 3: Post the ad

The ad is ready to be posted when all the settings are completed. After you pass two-factor authentication (2FA), your ad will be published. You can edit or close your ad, or you can also turn it online or offline.

Download the Binance app and create your advertisement now.

Get Started on Binance P2P

Ready to start trading crypto on Binance P2P? Simply register for a Binance account and complete the identity verification process. If you want to become a P2P merchant, apply here and we’ll verify your identity and business before making you a verified merchant. 

If you want to learn more about our P2P offering, you can read this article for a quick introduction or refer to our other P2P articles below:

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.