Introduction
Peer-to-Peer (P2P) trading on Binance has become one of the most popular ways to buy and sell cryptocurrency directly with other users. Instead of purchasing crypto from the exchange itself, P2P allows buyers and sellers to trade with each other while Binance provides security through its escrow system. This makes it especially useful in countries where direct card purchases may not be available or where users prefer local payment methods.
What is Binance P2P?
Binance P2P is a marketplace where users can trade cryptocurrencies like USDT, BTC, and others directly with verified merchants or individual traders. The platform acts as a middleman to ensure safety.
When a trade starts, Binance locks the seller’s crypto in escrow. Once the buyer confirms payment and the seller verifies it, the crypto is released to the buyer. This system reduces fraud risk.
How Binance P2P Works
1️⃣ Create and Verify Your Account
First, register on Binance and complete KYC (identity verification). This increases your security and trading limits.
2️⃣ Choose Buy or Sell
Go to the P2P section and select:
Buy (if you want crypto)
Sell (if you want to receive money in your bank or wallet)
3️⃣ Select an Offer
You can filter offers based on:
Price
Payment method (Bank transfer, Easypaisa, JazzCash, etc.)
Merchant rating
Order limits
Always check the trader’s completion rate and number of orders before starting.
4️⃣ Start the Trade
Enter the amount and place the order. Binance will hold the crypto in escrow.
5️⃣ Make Payment
Send payment using the seller’s provided details.
⚠️ Always make payment from your own account and avoid third-party transfers.
6️⃣ Confirm Payment
Click “Transferred, Notify Seller.”
After the seller confirms receiving funds, crypto will be released to your wallet.
Advantages of Binance P2P
✔ No direct trading fees (0% fee for most P2P trades)
✔ Multiple local payment methods
✔ Escrow protection
✔ Direct negotiation between buyer and seller
✔ Useful in regions with banking restrictions
Risks and Safety Tips
Although Binance provides escrow, users must stay careful:
🔹 Never communicate outside Binance chat (avoid WhatsApp/Telegram deals).
🔹 Never release crypto before receiving payment.
🔹 Avoid suspiciously high or low prices.
🔹 Record proof of payment in case of dispute.
🔹 Use merchants with high completion rates (90%+ preferred).
If any issue happens, you can file an appeal within the order page.
Who Should Use Binance P2P?
People who want to buy USDT for trading.
Users in countries where direct card purchase is limited.
Traders who want to earn profit by becoming P2P merchants.
Conclusion
Binance P2P is a powerful and flexible way to trade crypto safely with local payment methods. When used carefully, it offers convenience, zero trading fees, and strong security through escrow. However, always follow platform rules and avoid off-platform communication to protect yourself from scams.
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