Understanding Binance P2P Trading

1️⃣ What is Binance P2P Trade?
Binance P2P is a service within the Binance exchange that allows users to cash in or out using their local bank accounts by trading directly with other Binance users (either individuals or verified merchants). The platform ensures security through Binance's Escrow service.
💡 Note: Local banks have no official partnership with Binance—transactions are strictly peer-to-peer.

2️⃣ How does it work?

🔹 Buying Crypto (Cash In / On-Ramp)

Users looking to buy crypto (e.g., USDT, USDC, BNB, BTC) select an ad from the P2P marketplace and create a buy order.Once the seller confirms, buyers can view the payment details and complete the transaction from their own bank account.After making the payment, users must click "Transferred, Notify Seller" and upload proof of payment.The seller then releases the crypto once the payment is verified (name and amount must match the Binance account).

🔹 Selling Crypto (Cash Out / Off-Ramp)

Sellers choose an ad in the P2P portal, and buyers will send payment to the seller's provided bank account.Once the seller confirms receipt of the correct payment, they must release the crypto to the buyer.

3️⃣ What if there's an issue?
🔸 If you paid but the seller hasn’t released the crypto, or the buyer marked the order as paid but you didn’t receive funds, try these steps:
✅ Chat with the seller/buyer via the P2P order chat box.
✅ If they don’t respond and the order expires, file an appeal to request assistance from Binance Customer Support.

4️⃣ Important Reminders:
⚠ Only use your own bank account (name must match your Binance account).
⚠ Never attempt fraudulent activity (e.g., fake payments)—it can lead to account suspension or a permanent ban from Binance.
⚠ Do not release crypto if you haven’t received the correct payment.
⚠ Avoid trading outside the Binance platform to stay secure.

🔎 DOYR (Do Your Own Research)! Stay safe & happy trading!

🚀 #BinanceP2P

💰 #CryptoTrading


📢 #DYOR

$BNB