Binance P2P Trading: A Complete Guide to Peer-to-Peer Buying & Selling of Crypto

Binance P2P trading allows users to buy and sell cryptocurrencies directly with each other. This peer-to-peer platform connects buyers and sellers so they can trade crypto assets in a fast, easy, and secure way. CScalp explores what Binance P2P trading is, how it works, and highlights important data you need to know.
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What Is Binance P2P Trading?

Binance P2P trading, also known as peer-to-peer trading, allows users to buy and sell cryptocurrencies directly with each other on the Binance platform. Sellers can post trade advertisements, while buyers can browse and select whom to trade with.

How Does Binance P2P Trading Work?

Binance P2P brings buyers and sellers together in one platform. Sellers create trade ads showing the crypto they want to sell and their preferred payment methods. Buyers browse ads and select one to trade with the seller.
Binance P2P trading platform

Create a Binance Account

To use Binance P2P, you first need to create an account on Binance and complete identity verification (KYC).

Steps to Create a Binance Account

  • Navigate to and click “Register”
  • Enter your email and password to create your account
  • Verify your identity by submitting KYC documents
  • Enable 2FA for account security

Once your account is created, you can access Binance P2P trading.

Remember that Binance has a referral program, offering users discounts on trading fees. By registering an account on Binance using a referral link, you can receive fee discounts ranging from 5% to 20% on the Spot market and 10% on Futures.

Registering on Binance through the CScalp referral link provides a maximum discount of 20% for Spot trading and 10% for Futures. To receive the discount, click the button below.

Why Is Binance Account Verification Required?

Binance requires identity verification for all accounts to ensure secure and compliant trading. This protects users against potential fraud and money laundering. KYC process also allows Binance to provide services tailored to your jurisdiction.

What Documents Do I Need for Binance KYC Verification?

To complete KYC verification, you will need to provide the following documents:

  • Government-issued ID: This can be a passport, driver's license, national ID card, or other official identity document.
  • Proof of address: A utility bill, bank statement, or government letter with your full name and address.
  • Selfie photo: A photo of yourself holding your ID. This is used to verify your appearance matches your ID.

How Long Does Binance Verification Take?

The verification process is usually completed within 5–30 minutes. In some cases, manual reviews require 1-2 business days. Binance will notify you once your account is verified.

I'm Verified! How to Start with Binance P2P Trading?

Once your Binance account is verified, you will have full access to trade assets on the cryptocurrency exchange and can start using the Binance P2P platform. Just log into your account, deposit funds, and navigate to the P2P page to create your first trade ad or start buying crypto.

Requiring identity verification ensures every user trades through a verified account, adding an important layer of security when using Binance P2P.
Binance P2P mobile platform

Buying Crypto on Binance P2P

To buy crypto on Binance P2P, follow these steps:

  • Login to your Binance account
  • Go to the Binance P2P trading page
  • Choose the crypto you want to buy
  • Browse seller ads and pick one
  • Enter your trade amount and click “Buy”
  • Make payment to the seller as instructed
  • Wait for the seller to release the crypto
  • Crypto will be deposited to your Binance wallet

Selling Crypto on Binance P2P

To sell your crypto on Binance P2P, follow these steps:

  • Navigate to the Binance P2P trading page
  • Click “Sell” next to the crypto you want to sell
  • Enter the amount and price
  • Choose your preferred payment methods
  • Post your sell advertisement
  • Wait for a buyer to pick your ad
  • Receive payment from the buyer
  • Release crypto to the buyer upon payment
  • Withdraw your funds

Binance P2P Payment Methods

Binance P2P supports over 150 payment methods for buying and selling crypto. Popular methods include:

  • Bank transfer
  • Credit/debit cards
  • Cash deposit
  • Mobile wallets
  • Gift cards
  • Online payment platforms

You can filter ads by payment method to find one that works for you.

Learn more: What Is P2P Payment: Everything You Need to Know
Binance P2P payment methods are represented on a graphical image

Binance P2P Fees

A major benefit of Binance P2P is that there are almost no fees involved when using the platform. For example, paired with USD, there is just a 0.35% Maker Fee, while the Taker Fee is 0%:
Binance P2P Maker and Taker Fees
Binance P2P Maker and Taker Fees

Binance P2P Pros

  • Low trading fees
  • 150+ payment options
  • Great liquidity
  • Fast transaction times
  • Secure trading environment
Binance P2P Pros are represented on a graphical image

How to Stay Safe on Binance P2P

While P2P trading has many benefits, it's important to take precautions.

When Making P2P Transfers, Make Sure To:

  • Verify your trading partner's identity
  • Avoid outside-platform transfers
  • Report suspicious activities
  • Only make trades through Binance P2P

By taking safety measures, you can securely buy and sell crypto P2P on Binance.

Binance Customer Support

If you encounter any issues on Binance P2P, you can get help from Binance's customer support team. They are available to assist with resolving disputes and investigations.

Frequently Asked Questions About Binance P2P

Why Binance P2P Is the Ultimate P2P Crypto Marketplace?

Binance P2P provides a peer-to-peer platform to easily and securely buy and sell cryptocurrencies. With no trading fees and an extensive range of payment methods, Binance P2P offers a convenient on-ramp to the crypto market. Just be sure to take necessary safety precautions when P2P trading on Binance.

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