What is the P2P Wallet on Binance?
The P2P (peer-to-peer) wallet is used for direct transactions between individuals, such as buying or selling cryptocurrencies using Brazilian real (BRL) via Pix, without going through traditional financial intermediaries.
When you initiate a buy or sell on P2P, the transaction amount is held 'in escrow' until both parties fulfill their part of the agreement.
After confirmation, the funds are automatically released.
How does it work in practice?
You buy USDT with Pix → The amount goes to the P2P wallet. Then, you transfer it to the Spot wallet to use or withdraw.
Main uses of P2P:
Deposit reais on Binance via Pix. Withdraw crypto by converting it to reais. Buy and sell crypto with real people, safely.
Important:
Always check the reputation of the advertiser (number of orders, completion rate). Use only the Binance chat and never complete trades outside the platform.
Tip:
After using P2P, transfer the assets to the Spot wallet to move or invest.
.
.
.
