So in this article, I will be showing you how to sell crypto on Binance P2P. Let’s find out everything about your account setup
P2P interface navigation Including how to set up an sell order and make a transaction safely on the Binance peer-to-peer platform it is so simple that even for every beginner will master in no time.
What Is Binance p2p?
Binance P2P (Peer-to-Peer) is a trading platform that connects users for them to transact cryptocurrencies directly with each other.
As a secure escrow, everything in the background goes smoothly to facilitate safe transactions between buyers and sellers.
Because users can set their own prices and offer payments in different modalities, it becomes an open-source middleman that is convenient for everyone involved.
How To Sell Crypto on Binance p2p: Steup-by-Steup Guide
Certainly! Customers focused on selling their crypto asset for cash using Binance P2P should adhere to the below step by step guide:
Sign up in Binance or log into your account: If you are new, create an account first on Binance; else skip this and Login
Navigate to Binance P2P: On the main dashboard, go to “P2P Trading,” or on the side panel of”Buy Crypto”–>” P2P Trading.”
Set Up Your Payment Methods: Navigate to your wallet, and add the payment methods you will be using (bank transfer or online payment platforms).
Select a Currency to Trade: Choose the cryptocurrency you are selling from your wallet
Create a Sell Order: Choose to sell it at a fixed price or current market prices Enter the number of newly acquired cryptocurrency you want to sell. State your terms, forms of payment you will accept and any other specific criteria.
Monitor Your Sell Order: You can monitor the status of your order on the P2P trading interface. Respond quickly to inquiries from potential buyers.
Get Paid and Unlock Crypto: When a buyer accepts the conditions, it will remain pending until he makes his payment by using one of these methods.
Confirm receipt of payment: To proceed with the transaction release funds from escrow that is it!
Complete the Transaction: Make sure the payment was successful before giving away your crypto. Provide the buyer with feedback, making for a more reliable Binance P2P group.
Secure Your Account: Use the capabilities of protection such as two-factor authentication (2FA) on Binance and other exchanges for more serious security.
Handle Disputes (if any): If you run into any problems or conflicts during the transaction, reach out to Binance for help using their customer support system and dispute resolution.
Features
Direct Trading
It allows users to trade directly, without the need for an intermediary.
Various Payment Modes
Seller has full control of payment modes for example bank to bany, online wallet.
User Control
Sellers get to set their prices and terms, which allows them some trading flexibility.
Global
Available in most countries and supports major fiat currencies.
Small Fees
Minimal trading fees compared to the traditional exchanges.
Reliable Feedback System
Includes a system to enable reliable feedback (both ways) between buyers and sellers due to past transactions.
In Final Words
To summarise, selling your cryptocurrency on Binance P2P is a direct way to trade cryptocurrencies – with ease of trading and security for users.
This guide shows how to use the platform from account creation, through creating sell orders and handling transactions (along with disputes)UDGE
With Binance P2P wonderful escrow service, numerous payment gateways and a pricing controlled by the users themselves
it is an excellent platform for anyone who wants to sell crypto effortlessly in a reliable trading environment. You can participate in Binance P2P, and making the most of market opportunities by using these features.
