P2P (Peer-to-Peer) trading is a way to buy or sell cryptocurrencies directly with other people, without needing a middleman like a bank or centralized exchange to handle the transaction.
✅ Why Use P2P Trading?
🔄 Flexible Payment Options
You can pay with:
Bank transfers
M-Pesa (in Kenya)
PayPal
Mobile wallets
Cash (in person)
📱 How Binance P2P Works – Step-by-Step
🟡 Step 1: Create and Verify Your Binance Account
Sign up on Binance.com and complete KYC verification to unlock P2P.
🟡 Step 2: Go to P2P Trading
In the app or website:
Go to "Trade" > "P2P"
Choose to Buy or Sell
🟡 Step 3: Select an Offer
You’ll see a list of verified merchants or users offering crypto (USDT, BTC, BNB, ETH, etc.).
Use filters to sort by:
Amount
Payment method
Rating
🟡 Step 4: Place an Order
Click "Buy" (or "Sell") → Enter amount → Confirm.
🟡 Step 5: Make Payment
If you’re buying:
Send money using the seller’s payment instructions.
Click "Transferred, notify seller".
If you're selling:
Wait for the buyer to pay and click "Payment Received" only after confirming funds.
🟡 Step 6: Binance Releases the Crypto
Once the payment is confirmed, Binance automatically releases the crypto from escrow.
🛡️ Tips for Safe P2P Trading
1. Only trade with high-rated users (check stars and number of trades).
2. Never release crypto before payment is confirmed.
3. Use Binance chat to communicate — avoid taking conversations off-platform.
4. Record everything — keep screenshots of transactions and chats.
🪙 Which Coins Can I Trade on Binance P2P?
USDT (Tether)
BTC (Bitcoin)
BNB (Binance Coin)
ETH (Ethereum)
DAI
And many more