In the ever-evolving world of cryptocurrencies, Binance has emerged as a leading platform for buying and selling digital assets. Binance P2P (peer-to-peer) offers a convenient and secure way to transact with other users directly. Whether you're a seasoned trader or a beginner, this comprehensive guide will walk you through the step-by-step process of buying and selling cryptocurrencies through Binance P2P using the mobile app. So let's dive in!
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BUYING CRYPTO THROUGH BINANCE P2P:
1. Download and Log In to the Binance Mobile App:
To begin, ensure you have the Binance mobile app installed on your device. Log in to your account and navigate to the homepage. From there, select "Wallet," then "Funding," and finally, "P2P."
2. Select Your Desired Cryptocurrency and Enter the Amount:
Choose the cryptocurrency you wish to purchase and enter the desired amount. Next, click on "Buy with 0 Fee." This will activate the Express mode, connecting you with a buyer or seller instantly.
3. Confirm Your Purchase:
Upon entering the transaction details, a pop-up message will appear. Confirm your purchase by selecting "Confirm Purchase" from the pop-up.
4. View Seller's Account Details and Make Payment:
To proceed with the transaction, click on "Make payment." This will display the account details of the seller. Transfer the required funds to the provided account and click on "Transferred, notify seller."
5. Await Seller's Confirmation:
The seller will verify your payment and release the cryptocurrency to you. Typically, this process takes only a few minutes.
6. Receive Order Completion Notification:
Once the seller confirms the payment, you will receive a notification stating that your order has been completed successfully.
7. Optional Communication with the Seller:
If necessary, you can communicate with the seller by utilizing the Chat button provided. Keep in mind that the purchased crypto will be sent to your P2P wallet, but you can transfer it to your spot wallet if you prefer.
8. Alternative Approach: P2P Mode and Ad Selection:
Alternatively, you can switch to the "P2P" mode and choose a suitable ad to initiate the purchase of your preferred cryptocurrency.
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SELLING CRYPTO THROUGH BINANCE P2P:
1. Transfer Cryptocurrency to Your P2P Wallet:
Start by transferring the cryptocurrency you intend to sell from your Spot wallet to your P2P wallet.
2. Access the P2P Page and Select "Sell":
Once the transfer is complete, navigate to the "P2P" page and click on "Sell."
3. Choose Cryptocurrency, Payment Method, and Amount:
Select the specific cryptocurrency you wish to sell, your preferred payment method, and the desired amount. Click on "Sell with 0 Fee." Please note that the minimum amount for selling is 20 USDT.
4. Confirm Receipt of Payment:
When you receive the payment from the buyer, click on "Payment received" and then "Confirm" to proceed with the transaction.
5. Receive Confirmation of Order Completion:
Following the confirmation step, you will receive a notification verifying the successful completion of your order.
Congratulations! You have now learned how to buy and sell cryptocurrencies through Binance P2P using the mobile app. As you embark on your trading journey, don't hesitate to reach out for support by clicking the "Appeal" button should you encounter any issues during the trading process. Enjoy the seamless and secure experience of trading on Binance P2P, and feel free to ask any further questions. Happy trading!
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