#oP2P on Binance (Peer-to-Peer) is a feature that allows users to buy or sell cryptocurrency assets (such as USDT, BTC, BNB, ETH, etc.) directly from/to other users without intermediaries. Transactions are conducted using local payment methods (bank transfer, e-wallet, etc.), and Binance acts as an escrow intermediary to ensure the security of assets during the transaction process.
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🔍 How Binance P2P Works:
1. The seller locks the cryptocurrency in Binance escrow.
2. The buyer pays directly to the seller's bank account/e-wallet as per instructions.
3. Once payment is confirmed, the seller releases the cryptocurrency assets to the buyer.
4. In case of disputes, Binance can act as a mediator.
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✅ Steps to Use P2P on Binance
🔹 1. Log into the P2P Menu
Open the Binance app.
Click the “P2P” tab on the main page or select the “Trade” menu → “P2P”.
🔹 2. Identity Verification (KYC)
You must have completed identity verification (KYC).
Add personal payment methods (bank account, e-wallet, etc.).
🔹 3. Choose “Buy” or “Sell”
Determine whether you want to buy or sell cryptocurrency (for example: USDT).
Select ads from other users based on price, amount, and payment method.
🔹 4. Perform Transaction
If buying: click “Buy”, enter the amount, and transfer money as instructed.
If selling: click “Sell”, and wait for payment from the buyer.
🔹 5. Confirm & Complete
After the buyer pays (or you receive the funds), click “Confirm” to complete the transaction.
Binance will release the cryptocurrency from escrow to the buyer's wallet.
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⚠️ Security Tips:
Always transfer according to instructions, do not go through third parties.
Do not confirm until the funds have actually arrived.
Use only verified payment methods.
