How to Buy Through P2P Binance: A Step-by-Step Guide for Secure Transactions

What Is P2P Trading on Binance?

Peer-to-peer (P2P) trading on Binance allows users to buy and sell cryptocurrencies directly with each other, bypassing traditional exchanges. This method offers flexibility in payment options, competitive pricing, and faster transactions. Binance acts as an escrow service, ensuring security for both buyers and sellers. Whether you’re using local currency or exploring alternative payment methods, P2P trading simplifies crypto purchases.

Step-by-Step Guide to Buying Crypto via Binance P2P

1. Create and Verify Your Binance Account

1. Visit the Binance website or download the app.
2. Sign up using your email or phone number.
3. Complete Identity Verification (KYC) under Account > Verification.

2. Access the P2P Trading Platform

1. Log into your Binance account.
2. Navigate to Trade > P2P Trading.
3. Select Buy Crypto > Local Currency to view available offers.

3. Choose a Seller and Place an Order

1. Filter sellers by payment method, price, or limit.
2. Review seller reputation (completion rate and reviews).
3. Enter the amount you want to buy and click Buy.

4. Complete the Payment

1. Follow the seller’s payment instructions (e.g., bank transfer, e-wallet).
2. Upload proof of payment (screenshot or receipt).
3. Mark the transaction as Paid.

5. Receive Your Crypto

1. The seller releases the crypto from Binance escrow after confirming your payment.
2. Check your Binance Wallet or P2P order history to confirm receipt.

Tips for Safe P2P Trading on Binance

• Always communicate through Binance’s chat to avoid scams.
• Verify seller reputation (aim for 95%+ completion rate).
• Double-check payment details before sending funds.
• Use Binance’s escrow service—never transact outside the platform.
• Report suspicious activity to Binance Support immediately.

FAQ: Buying Crypto via Binance P2P

Is P2P Trading on Binance Safe?

Yes, Binance holds crypto in escrow until both parties confirm the transaction. Always trade with verified users and follow platform guidelines.

What Payment Methods Are Supported?

Options include bank transfers, PayPal, Skrill, Payoneer, and regional platforms like GCash or Momo. Sellers list accepted methods in their ads.

Are There Fees for P2P Trading?

Binance charges zero fees for P2P trades. However, payment providers may apply transaction fees.

How Long Do Transactions Take?

Most trades complete within 15–60 minutes, depending on the seller’s response time and payment method.

What If the Seller Doesn’t Release Crypto?

Open a dispute via the P2P order page. Binance’s support team will review the case and release funds to the rightful party.