If you're new to the world of crypto or unaware of Binance's exclusive features—one of the world’s top crypto exchanges—you’re missing out! Ready to start your trading journey but need funds to deposit into your Binance account?
Let’s learn how to deposit into your Binance account using P2P!
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What is P2P?
P2P stands for "peer-to-peer." On Binance, P2P trading allows users to buy and sell crypto directly with each other, without intermediaries. This method gives you more control over your transactions, making deposits into your account quick and easy.
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Steps to Deposit via P2P Trading
Step 1: Create Your Binance Account
If you’re new to Binance, create an account and verify your identity.
If you already have a verified account, open the Binance app. The homepage will appear.
Step 2: Click on “Deposit”
On the homepage, locate and click on the “Deposit” button in the top right corner.
Step 3: Go to P2P Trading
If your account has no assets, you can buy them via P2P. Click on P2P Trading.
Step 4: Choose “Buy” and Select Your Currency
A page will open where you’ll click “Buy”.
Choose the crypto you want to buy (e.g., USDT). For this example, we’ll select BTC.
Step 5: Enter Your Desired Amount
For convenience, click on the “Amount” field and enter the value of the currency you want to buy (e.g., 100,000 PKR).
Step 6: Select Payment Method
Click on “Payment” and choose your preferred payment method (e.g., Bank Transfer).
At this stage, Binance will display sellers who match your requirements.
Step 7: Choose a Seller
Review the list of sellers and select one that meets your needs.
Step 8: Read Seller’s Terms
Carefully read the seller’s terms before placing an order.
Step 9: Place Your Order
If the seller’s terms work for you:
Enter the amount you wish to buy.
Choose your payment method.
Click “Buy” to place your order.
Make the payment according to the seller’s terms and within the time limit. Share proof of payment (e.g., a screenshot).
Once payment is complete, click “Transfer” to notify the seller.
Step 10: Receive Your Crypto
After confirming your payment, the seller will release the crypto.
Check your Funding Wallet for the purchased assets.
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Congratulations on completing your first P2P transaction on Binance!
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