Becoming a P2P trader on Binance is a good way to earn through buying and selling crypto directly with other users. Here’s a step-by-step guide for you in simple words:
---
1. Create and Verify Your Binance Account
Sign up on Binance (if you don’t have an account).
Complete KYC verification (ID, photo, etc.).
Enable 2FA (Google Authenticator or SMS) for security.
---
2. Set Up Payment Methods
Go to P2P > Payment Settings and add your payment options (e.g., bank transfer, Easypaisa, JazzCash, PayPal, etc.).
Make sure the name on your bank/wallet matches your Binance account name.
---
3. Understand How P2P Works
Buy: You pay sellers in fiat (PKR, USD, etc.), and Binance releases crypto to your wallet.
Sell: Buyers send you money, and once you confirm receipt, Binance releases crypto to them.
Binance acts as escrow, so funds are safe until both sides confirm.
---
4. Start as a Normal Trader
At first, you can only take offers from existing merchants.
Practice by buying and selling small amounts to understand the process.
This helps build trading history & positive feedback.
---
5. Apply to Become a Merchant (Official P2P Trader)
If you want to create your own ads and trade larger amounts:
1. Go to P2P > Become a Merchant.
2. Fill out the application (Binance may ask for your trading history, capital proof, and ID verification again).
3. Binance reviews and approves you as a merchant if you meet the requirements.
---
6. Tips for Success as a P2P Trader
Start small, then scale up.
Offer multiple payment methods to attract more buyers.
Keep your prices competitive.
Always trade within Binance chat & escrow (never deal outside).
Stay active—fast replies = better reputation.
---
🔥 Once approved as a Binance P2P Merchant, you can create ads, set your own prices, and earn profit upto $500 daily from the difference between buy/sell rates.