WITHDRAW FROM BINANCE VIA P2P:
DETAILED INSTRUCTION

Binance P2P platform provides the opportunity to make trades among users.The platform can be used for buying cryptocurrency or for withdrawal money to a bank card. Let’s talk more about how to withdraw money from Binance to a bank card via P2P.

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Transfer your funds to P2P wallet.

In order to withdraw money from Binance to the card via P2P, we should transfer funds from spot to the P2P wallet. In order to do this, follow the P2P wallet, select the currency we need and click "Transfer". You can sell USDT, BTC, USD, BNB, THE, DAY, RUB etc via P2P. As an example, we will withdraw USDT.
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In the window that opens, specify “From and To” we transfer the funds, specify the amount and click on the "Confirm" button.
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Done! The funds have been received to the P2P wallet, we can start withdrawing.

P2P withdrawal method

In order to select P2P we should hover the cursor over "Buy crypto" or "Trade" in the menu and click on the P2P tab. On the platform we select "Sell", specify the currency that we would like to sell, and the currency we would like to receive, then choose the payment method.
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In this case, we sell USDT for rubles. Picking out a suitable ad for us. Pay attention to the minimum/maximum limit of the order and what amount is available in the seller's ad.

We pay special attention to the buyer's rating - how many orders have been executed, how many percent of orders over the past month have been done. We also check user verification, confirmation by SMS and e-mail. In order to do this, we need to click on a nickname of the buyer.
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We have chosen the buyer. Then we should click on "Sell" in the offer feed. In the pop-up window, enter the selling amount. Pay attention to how much money we receive (in our case we sell 1 USDT for 73,22 rubles). We also have to read Terms and conditions.
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We must set up a payment method for the selling. The payment method must match the buyer's payment method. Click on "Payment method" and enter card details. For example, if you have Tinkoff bank, you need to look for a buyer who is ready to transfer funds to the card of this bank.

Note: Binance Exchange does not charge a fee for the P2P platform.

We will be redirected to the order page. We're waiting for the buyer to send us the money. We're checking for funds in our account. Be sure to ask the buyer to confirm the transaction in a side chat. This will help avoid fraud.
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We received confirmation of the release and saved screenshots. Click the Confirm release button. Done!

Important! Trading on Binance P2P involves high risks:

  1. Never confirm release until receiving funds. Don't transfer money even after you receive Proof of Payment checks if your account hasn't been credited.
  2. If you are asked by the support team to confirm your transfer before you receive money in your account. Then you have faced fraud.
  3. If you buy cryptocurrency on Binance, transfer funds only according to the details indicated in the order window. Never transfer money using other banking details.
  4. Always save a check/screenshot confirming the release. If you have problems, support can ask for the release confirmation.

If the buyer has marked the order as paid, but no money has arrived in your account, open an appeal in the order window. Binance Support will review your appeal. If you confirm that no money has arrived in your account, the order will be cancelled and the assets will be returned to your account.

Conclusion

This method is relevant for crypto and fiat selling. Before trading on the P2P, study the mechanics of the platform. Follow the safety rules. For the first time, start with a small amount to get your first skills of using that platform.

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