Binance is one of the most popular cryptocurrency exchanges in the world, and it allows you to easily buy and sell cryptocurrencies through the peer-to-peer (P2P) trading feature 🏦💰. In this article, we will learn how to use different payment methods on Binance when making P2P transactions step by step.


🔍 What is P2P trading on Binance?


Peer-to-peer (P2P) trading is a method that allows users to buy and sell cryptocurrencies directly with each other 🤝, using local payment methods such as bank transfers or e-wallets.

💡 Important: Binance provides an escrow system 🔒 to protect the rights of both parties until the transaction is completed.



🛠️ How to set up a payment method on Binance


Before you start P2P transactions, you need to add a payment method to your account. Here's how:


1️⃣ Log in to your Binance account



  • Open the Binance app 📱 or go to the website 💻.


  • Enter your email and password 🔑.


2️⃣ Go to payment settings



  • Click on “Wallet” 🏦 then choose “P2P”.


  • Click on “Payment Settings” ⚙️.


3️⃣ Add a new payment method



  • Choose the payment method that suits you, such as:

    ✅ Bank transfer 🏦

    ✅ E-wallets like PayPal or Skrill 💳

    ✅ Local payment services 🌍


  • Enter the required account information and then click "Confirm" ✅.



💰 How to pay when making a P2P transaction


🔹 When buying cryptocurrencies using P2P, follow these steps:


1️⃣ Choose currency and seller



  • Go to the P2P section in the Binance app 📲.


  • Select the cryptocurrency you want to buy (such as USDT or BTC) 🪙.


  • Choose a suitable seller based on price and available payment methods.


2️⃣ Place an order



  • Click on "Buy" 🛒, then enter the required quantity.


  • Review the order details, then click “Submit Order” ✅.


3️⃣ Make a manual payment



  • You will see the seller's payment information such as bank account 🏦 or e-wallet 💳.


  • Make a payment outside of Binance using the specified method.


  • After payment, click on "Payment completed, Notify seller" 📩.


4️⃣ Waiting for seller confirmation



  • Once the seller verifies the payment, he will release the cryptocurrencies to your wallet ✅.


  • Verify receipt of coins before completing the transaction 🔍.



⚠️ Tips to ensure the security of P2P transactions on Binance


🔹 Use a trusted payment method ✅ to ensure a successful transaction.

🔹 Do not send money before checking the request and information ⚠️.

🔹 Use chat within Binance only 💬 to avoid scams.

🔹 If you encounter an issue, use the Appeal 🚨 option to resolve the issue with Binance Support.



✅ Conclusion


Binance P2P platform offers great flexibility to buy and sell cryptocurrencies using various payment methods safely and easily 🔥. To ensure a successful experience, make sure to choose a reliable seller, use a suitable payment method, and follow the platform's guidelines to protect your funds.


💡 Ready to get started? Go ahead and start trading cryptocurrencies with ease! 🚀#Peer-to-Peer #wallet #soulwhispers #USDT