Binance Lite allows users to sell cryptocurrency via P2P trading with over 150 payment methods. Using P2P trading, you can easily sell crypto to other Binance users.
To begin, open your Binance mobile app and log in. For this guide, we’ll use the Binance Lite mode. You can switch to our Binance Lite or Pro version by clicking the account icon in the top left corner and then using the Binance Lite toggle button.
Before selling any crypto, make sure you have completed our SMS Authentication and KYC Identity Verification processes. On the homepage, select the [Trade] tab at the bottom of the screen.
Select the crypto you would like to sell. For example, if you wish to sell BTC, simply select [BTC] on the [Choose Crypto] page.
Select the fiat currency you wish to receive your payment in. In this example, we will use [VND] and sell our BTC for 500,000 VND. Tap the [Sell] button to move to the next stage.
Select your chosen payment method from either P2P Trading - Bank Transfer or other Fiat Channels. In our example, we will use P2P Trading and select [Bank Transfer] before tapping [Confirm].
Note: Click [Add new cards] to add new payment methods.
You have now generated a [Sell BTC] order. Your order’s status will change to [Pending payment]. Please check your mobile banking account and confirm your receipt of the buyer’s funds
After confirming you’ve received the buyer’s funds, tap [Confirm Receipt]. Binance will automatically release your crypto to the buyer.
You’ve now successfully sold your BTC!