How do I sell on P2P Binance app?

Tap “Sell” on the top of the P2P trading page, select a coin (taking USDT as an example here), then select an advertisement and tap the [Sell] button. (1) Enter the quantity you want to sell, (2) select a payment method, then tap (3) [Sell USDT] to place an order. The transaction will now display “Pending Payment”.

How do I sell cryptocurrency on Binance?

How to Sell Cryptocurrencies to Fiat Currency and Directly Transfer to Credit/Debit Card
  1. Log in to your Binance account and click [Buy Crypto] – [Debit/Credit Card].
  2. Click [Sell].
  3. Select your payment method.
  4. Check the payment details and confirm your order within 10 seconds, click [Confirm] to proceed.

Is it safe to sell P2P on Binance?

The Binance P2P platform has enforced several safeguards to protect users and their funds. These rigorous safety measures include a crypto escrow mechanism, swift security updates, and 24/7 customer service support.

How do you do a P2P Binance trade?

Take advantage of crypto arbitrage

The first step, find cryptocurrencies available on both Binance Spot and the P2P market. Next, go through each currency till you find a profitable price difference. Once you’ve found a suitable price difference, the final step is straightforward—buy low and sell high.

How do I sell on P2P Binance app? – Related Questions

How do I withdraw from P2P Binance?

In order to withdraw money from Binance to the card via P2P, we should transfer funds from spot to the P2P wallet. In order to do this, follow the P2P wallet, select the currency we need and click “Transfer”. You can sell USDT, BTC, USD, BNB, THE, DAY, RUB etc via P2P. As an example, we will withdraw USDT.

See also  Is investing in stocks a good idea?

How does P2P work in Binance?

Launched in 2019, Binance P2P was created to enable P2P currency exchange transactions with local currencies. The service is a peer-to-peer marketplace that allows you to directly trade cryptocurrencies with other Binance users using your preferred local currency, price, and payment method.

How do I transfer money from P2P to spot?

Can I use P2P on Binance without verification?

All Binance users must complete Identity Verification to access Binance products and service offerings, including P2P trading. You can access the Identity Verification from [User Center] – [Identification].

How do P2P traders make money?

5 Ways to Make Money With P2P Trading
  1. Crypto Arbitrage Trading. Arbitrage trading is a profit-making trading strategy that exploits the price difference of the same cryptocurrency on different exchanges.
  2. Arbitrage With Fiat.
  3. Buy and Sell Ads.
  4. Earn Advertising Commissions.
  5. Earn Merchant Incentives.

What is P2P trading?

Peer-to-peer (P2P) trading refers to decentralized exchange markets that allow users to buy and sell cryptocurrencies directly with one another. The trading method differs from centralized exchanges because it is less vulnerable, and no middle agent controls your funds during a trade.

How do I sell crypto P2P?

Using P2P trading, you can easily sell crypto to other Binance users.
  1. To begin, open your Binance mobile app and log in.
  2. Before selling any crypto, make sure you have completed our SMS Authentication and KYC Identity Verification processes.
  3. Select [Sell].
  4. Select the crypto you would like to sell.

How do I get my money from Binance?

What happens if seller does not release Binance?

How does Binance P2P escrow service help buyers? If the buyer made the payment but the seller did not release the cryptocurrency, the buyer can open an appeal to notify Binance’s customer service that the counterparty did not release the crypto.

How do I notify seller in Binance?

You have to follow the instructions provided on the order details page and make a transfer to the seller’s account with the indicated payment method. After that, please click [Transferred, notify seller].

What is P2P wallet?

Peer-to-peer payments, or P2P payments, let you send money directly to another person. P2P payment systems — also known as money transfer apps, like Venmo, PayPal and Cash App — allow users to send and receive money from their mobile devices through a linked bank account or card. Federal Reserve Bank of St.

When can I appeal a P2P Binance?

You can file an appeal with the reason “I received payment from the buyer but the amount is not correct” and attach proof of payment. Once the appeal is open, the counterparty has 10 minutes to talk to you again via chat and come to an agreement. If they reach an agreement, you can cancel the appeal directly.

What happens if I cancel a P2P order on Binance?

1. Order canceled: If the order’s time limit exceeded and was automatically canceled by the system, but the buyer still completed the payment offline, or after the buyer completed the payment, the order was canceled by mistake, Binance customer service agents will contact the seller for a refund on a best effort basis.

See also  What is a good market cap for crypto?

Can I cancel a P2P order?

Unless otherwise specified by the platform, no one is supposed to ask Customer Support agents to cancel the order without the Buyer’s consent.

Can you cancel a P2P sell order on Binance?

Click the Cancel button next to the order you would like to cancel– or, if you want to cancel all open orders, click the Cancel all open orders button above your listed orders (A date range of a maximum of 90 days will need to be selected to view your open orders and order history).

How long do open orders last on Binance?

In general, limit orders can last up to 90 days.

Leave a Comment