binanceph

Here's a step-by-step guide on how to use P2P (peer-to-peer) trading on Binance, whether you're buying or selling crypto directly with other users. This guide assumes you're using the Binance app, but it’s quite similar on desktop as well.

🔒 Before You Start:

1. Verify Your Identity (KYC): Binance requires identity verification to use P2P.

2. Enable 2FA: For added security, enable two-factor authentication.

3. Add Payment Methods: Go to P2P > Payment Settings and add bank accounts or e-wallets.

🔄 How Binance P2P Works:

Buyers and sellers post ads with their price and preferred payment method.

Binance escrows the crypto during the transaction to protect both parties.

✅ To Buy Crypto via P2P:

Step 1: Go to P2P
Open Binance App
Tap Trade > P2P (top menu)

Step 2: Choose the Crypto
Select the coin you want (e.g., USDT, BTC, BNB, ETH)

Step 3: Filter Offers
Tap the filter icon to set:
Payment method (e.g., Bank Transfer, GCash)
Currency (e.g., PHP, NGN, USD)
Amount range

Step 4: Choose a Seller
Look at:
Price
Available amount
Completion rate and number of orders

Step 5: Place the Order
Tap Buy
Enter how much crypto you want to buy or the fiat amount
Tap Buy again

Step 6: Make Payment
Follow instructions to send the payment outside Binance (e.g., via bank app)
Tap Transferred, notify seller once done

Step 7: Wait for Release
Seller confirms they’ve received payment, then releases the crypto.
You’ll see the crypto in your Funding Wallet.

💰 To Sell Crypto via P2P:

Step 1: Transfer Crypto to Funding Wallet
Go to Wallets > Funding
Tap Transfer and move crypto from Spot to Funding

Step 2: Go to P2P > Sell
Choose the crypto you want to sell (e.g., USDT)

Step 3: Choose a Buyer
Filter based on your desired payment method and amount

Step 4: Place the Order
Tap Sell, enter the amount
Confirm your payment method is correct
Tap Sell

Step 5: Wait for Buyer’s Payment
The buyer sends the payment to your account
DO NOT release the crypto until you’ve confirmed the money is received

Step 6: Release Crypto
Once confirmed, tap Release Crypto
Binance transfers the crypto from escrow to the buyer

🛑 Safety Tips:
Only release crypto after confirming receipt in your bank.
Communicate politely in the Binance chat if issues arise.
Avoid off-platform trades or requests.

🧩 Optional: Post Your Own Ads

Go to P2P > Ads and tap Post Ad
You can set your own:
Price
Limits
Availability schedule
Payment methods

This is useful if you want more control or better rates.

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