If you’ve ever wondered how to buy or sell crypto directly with another person—without
going through a central order book Binance P2P (Peer-to-Peer) is your answer. It’s a
powerful tool that connects buyers and sellers in over 100 countries, allowing fast, safe, and
flexible crypto trades using local currency and payment methods.
Let’s break it down so even a beginner can start using it today.
What Is Binance P2P?
Binance P2P is a platform within Binance that lets users trade crypto directly with each other.
Binance acts as the trusted escrow—meaning it holds the crypto safely until the buyer
confirms payment. It supports multiple cryptocurrencies, including USDT, BTC, BUSD, ETH,
BNB, and more, and offers dozens of local payment options.
It’s especially useful in regions where bank access or crypto-friendly platforms are limited.
Key Benefits of Binance P2P
● Zero Trading Fees: You pay no fees to buy or sell.
● Multiple Payment Options: Choose from bank transfers, e-wallets, cash, and more.
● Global Access: Supports over 70+ fiat currencies.
● Escrow Protection: Binance ensures safe and secure transactions.
● Verified Advertisers: Trade with trusted users who’ve passed Binance’s checks.
How to Use Binance P2P (Step-by-Step)
Step 1: Open Binance App or Website
Log in and go to the P2P section on the home screen.
Step 2: Select “Buy” or “Sell”
Choose the crypto you want to trade—e.g., USDT.
Step 3: Filter Your Preferred Offer
Set your payment method, currency, and amount range. You’ll see a list of verified users.
Step 4: Place Your Order
Tap “Buy” (or “Sell”), enter the amount, and click “Order.” Make sure to read the seller’s
terms.
Step 5: Make Payment (for Buyers)
Pay using the selected method and mark it as paid. Binance will notify the seller to confirm.
Step 6: Release or Receive Crypto
Once the payment is confirmed, Binance releases the crypto. If you’re selling, make sure to
confirm before releasing.
Done! You’ve just made a peer-to-peer crypto trade.
Important Safety Tips
● Always use Binance’s in-app chat. Avoid communicating outside the platform.
● Never release crypto before confirming payment.
● Use only verified payment channels you trust.
● Report any suspicious behavior immediately to Binance support.
Why Use P2P Instead of Spot?
P2P offers more flexibility. It’s perfect if you want to:
● Buy crypto with cash
● Sell directly to a local buyer
● Avoid traditional banking delays
● Trade outside market hours
For many, it’s also a gateway to crypto adoption in underbanked or restricted regions.
Coming Up Next:
Episode #8 – How to Deposit and Withdraw Money on Binance
We'll guide you through moving your funds in and out of binance with ease, including local bank transfer , crypto deposits, and more .