Peer-to-peer (P2P) trading is a foundational step for anyone entering the Crypto market, but newcomers often face challenges. This guide will walk you through P2P trading on Binance safely and efficiently, while sharing key insights to optimize your experience.
1. What Is P2P Trading on Binance?
P2P trading allows users to buy/sell cryptocurrencies directly without intermediaries. Binance acts as a secure escrow platform, ensuring transparency and safety compared to third-party exchanges.
Key Features:
- 100+ supported fiat currencies (VND, USD, EUR, etc.).
- Zero trading fees for P2P transactions.
- Diverse payment methods: Bank transfers, e-wallets, credit cards.
- Escrow protection: Funds are held by Binance until both parties confirm.
👉 Why Binance P2P dominates the market
2. Why Choose Binance for P2P?
Advantages:
- High liquidity: Largest P2P volume globally.
- Secure escrow: Prevents fraud during disputes.
- 24/7 support: Dedicated team for conflict resolution.
- Regulatory compliance: Licensed in 40+ countries.
3. Step-by-Step P2P Trading Guide
3.1 Buying USDT
- Link your bank account in Binance > Payment Methods.
- Navigate to P2P > Select VND > Choose USDT.
Pick a seller with:
- ≥98% completion rate.
- ≥95% positive reviews.
- Confirm payment details exactly as provided by Binance.
- Click "Transferred, notify seller" only after payment.
3.2 Selling USDT
- Set up payment methods (e.g., bank account).
- Select Sell USDT > Enter amount.
- Verify buyer’s payment before releasing coins.
4. Pro Tips for Safe P2P Trading
4.1 Verify Counterparties
Check seller/buyer profiles for:
- KYC verification.
- Trade history and ratings.
4.2 Avoid Off-Platform Payments
- Never pay via Telegram/Zalo.
- Use Binance’s in-app chat for communication.
4.3 Double-Check Payment Info
- Match account numbers exactly.
- Copy-paste Binance-provided details to avoid errors.
4.4 Wait for Funds Clearance
- Confirm money is in your account before releasing assets.
4.5 Compare Market Rates
- Use Binance’s price comparison tool to avoid overpaying.
5. FAQs
Q1: Is P2P trading safe on Binance?
A: Yes, with escrow protection and verified users. Always trade with high-rated counterparts.
Q2: What if the seller doesn’t release coins?
A: Contact Binance support immediately with transaction proof.
Q3: How long do P2P transactions take?
A: Typically 5–30 minutes after payment confirmation.
6. Conclusion
Binance P2P offers high liquidity, security, and convenience. Follow these tips to trade confidently. For more crypto guides, visit 5 Phút Crypto.
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