How to Sell and Buy Crypto on Binance

Jun 18, 2022 2299 0

How to Sell Crypto on Binance P2P?

Sell Crypto on Binance P2P by Web App

Step 1: Select (1) “Buy Crypto” then click (2) “P2P Trading” on the top navigation.

Step 2: Click (1) "Sell" and select the currency you want to buy (USDT is shown as an example). Filter the price and the (2) “Payment” in the drop-down, select an ad, then click (3) "Sell".

Step 3:
Enter the amount (in your fiat currency) or quantity (in crypto) you want to buy and click (2) "Sell".

Step 4: The transaction will now display “Payment to be made by buyer”.

Step 5: After the buyer makes payment, the transaction will now display “To be released”. Please make sure that you’ve actually received payment from the buyer, to the payment app/method you used. After you confirm the receipt of money from the buyer, tap “Confirm release” and “Confirm” to release the crypto to the buyer’s account. Again, If you have not received any money, please DO NOT release crypto to avoid any financial losses.

Step 6: Now the order is completed, the buyer will receive the crypto. You can click [Check my account] to check your Fiat balance.

Note: You can use Chat on the right side to communicate with the buyer in the whole process.

Note:
If you have any issues in the transaction process, you can contact the buyer using the chat window on the top right of the page or you can click "Appeal" and our customer service team will assist you in processing the order.

Tips:
1. Please make sure to log in to your account to confirm the payment is received, this can avoid financial losses caused by wrongly clicking on the release button.

2. The digital assets you are selling have been frozen by the platform. Please confirm the receipt of the payment from the buyer and click “Release” to release the crypto.

3. Please do not agree to any request to release the crypto before confirming the receipt of the payment to avoid financial losses.

4. After receiving the SMS notification, please be sure to log in to your bank account to confirm whether the payment is credited, this will avoid the release of crypto due to Fraud SMS.

Sell Crypto on Binance P2P by Mobile App

You can sell cryptocurrencies with ZERO transaction fees on the Binance P2P platform, instant and secure! See the guide below and start your trade.

Step 1
First, go to the (1) “Wallets” tab, click (2) “P2P” and (3) “Transfer” the cryptos that you want to sell to your P2P Wallet. If you already have the crypto in the P2P wallet, please go to the homepage and tap “P2P Trading” to enter P2P trading.

Step 2
Click “P2P Trading” on the app homepage to open the P2P page on your app. Click [Sell] on the top of the P2P trading page, select a coin (taking USDT as an example here), then select an advertisement and click “Sell”.

Step 3
(1) Enter the quantity you want to sell, (2) select a payment method, and click “Sell USDT” to place an order.

Step 4
The transaction will now display “Pending Payment”. After the buyer makes payment, the transaction will now display “Confirm Receipt”. Please make sure that you’ve actually received payment from the buyer, to the payment app/method you used. After you confirm the receipt of money from the buyer, tap “Payment received” and “Confirm” to release the crypto to the buyer’s account. Again, If you have not received any money, please DO NOT release crypto to avoid any financial losses.

How to Buy Crypto on Binance with Debit/Credit Card?

Buy Crypto with Debit/Credit Card by Web App

1. Input amount and select a payment method.

2.Confirm payment details.

3. Complete your identity verification (3DS Safety Certification).
4. Complete payment.

Buy Crypto with Debit/Credit Card by Mobile App

1. To get started select “Buy with cash” from the home screen

2. Next, select “Credit/Debit Card”

3. Tap “USD” to open the list of supported fiat currencies available

4. Type the name of your fiat currency in the search bar or scroll through the list to select your local fiat currency.

5. Enter the amount of the selected fiat currency you wish to spend and tap “BTC” to select the cryptocurrency you wish to purchase.

6. “Add a new card” or select the card you wish to use for the purchase and then tap “Buy”.

7. Check the amount you wish to spend is correct and then tap “Confirm” at the bottom of the screen.

8. Congratulations, the transaction is complete and the purchased cryptocurrency has been deposited to your Binance Spot Wallet.

How to Buy Crypto on Binance P2P?

Buy Crypto on Binance P2P by Web App

Step 1:
Go to the Binance P2P page, and

If you already have a Binance account, click "Log In" and go to Step 4
If you do not have a Binance account yet, click "Register"

Step 2:
Enter your email on the registration page and set your login password. Read and check the Binance Terms and click "Register".

Step 3:
Complete Level 2 identity verification, enable SMS Verification, and then set your preferred payment method.

Step 4:
Select (1) “Buy Crypto” then click (2) “P2P Trading” on the top navigation.

Step 5:
Click (1) "Buy" and select the currency you want to buy (BTC is shown as an example). Filter the price and the (2) “Payment” in the drop-down, select an ad, then click (3) "Buy".

Step 6:
Enter the amount (in your fiat currency) or quantity (in crypto) you want to buy and click (2) "Buy".

Step 7:
Confirm the payment method and amount (total price) on the Order Details page.
Complete the fiat transaction within the payment time limit. Then click "Transferred, next" and “Confirm”.

Note: You need to transfer the payment directly to the seller through bank transfer, Alipay, WeChat, or another third-party payment platform based on the sellers payment information provided. If you have already transferred payment to the seller, you must not click "Cancel" unless you have already received a refund from the seller in your payment account. If you do not make an actual payment, please do not click "Confirm" to confirm the payment. This is not permitted according to the rules of the transaction. If you encounter any issues during the transaction, you can contact the seller using the chat window.

Step 8:
Once the seller has released the cryptocurrency, the transaction is completed. You can click (2) "Transfer to Spot Wallet” to transfer the digital assets to your Spot Wallet.

You can also click (1) "Check my account" above the button to view the digital asset you just bought.

Note:If you do not receive the cryptocurrency 15 minutes after clicking "Transferred, next”, you can click "Appeal" and Customer Service will assist you in processing the order.

Buy Crypto on Binance P2P by Mobile App

Step 1
Log in to Binance app

If you already have a Binance account, click “Log in” and go to Step 4
If you do not have a Binance account yet, click “Register” on the top left

Step 2
Enter your email on the registration page and set your login password. Read the Binance P2P terms and click on the arrow to register.

Step 3
Enter your email and password, then click on the arrow to Log In.

Step 4
After you log in to the Binance app, click the user icon on the top left to complete identity verification. Then click “Payment Methods” to complete SMS authentication and set your payment methods.

Step 5
Go to the home page, click “P2P Trading”.
On the P2P page, click the (1) “Buy” tab and the crypto you want to buy (2) (taking USDT for example), and then select an ad and click (3) “Buy”.

Step 6
Enter the quantity you want to buy, confirm the sellers payment method(s), and click “Buy USDT”.

Step 7
Transfer the money directly to the seller based on the seller’s payment information provided within the payment time limit, and then click “Transfer the fund”. Tap on the payment method you transferred to, the click “Transferred, next”

Note: Setting payment method on Binance does not mean that the payment will go directly to the sellers account if you click “Transferred , next” . You need to complete the payment directly to the seller through bank transfer, or another third-party payment platform based on the sellers payment information provided.

Please do not click “Transferred , next” if you have not made any transactions. This will violate the P2P User Transaction Policy.

Step 8
The status will be “Releasing”.
Once the seller has released the cryptocurrency, the transaction is completed. You can click "Transfer to Spot Wallet” to transfer the digital assets to your Spot Wallet.

You can click “Wallet” at the bottom and then “Fiat” to check the crypto you bought in your fiat wallet. You can also click “Transfer” and transfer the cryptocurrency to your spot wallet for trading.

Note :
If you do not receive the cryptocurrency 15 minutes after clicking “Transferred, next”, you can contact the seller by clicking the “Phone” or “Chat” icon on the top.

Or you can click "Appeal”, select a “Reason for Appeal”, and “Upload Proof”. Our customer support team will assist you in processing the order.

1. You can only buy or sell BTC, ETH, BNB, USDT, EOS and BUSD on Binance P2P currently. If you would like to trade other cryptos, please trade at the spot market.
2. If you have any questions or complaints, please contact our customer support team.

Frequently Asked Questions

Q1. What certifications do I need to pass before getting started to buy cryptocurrency with a bank card?
Answer: You need identity verification and address verification.

Q2. If I use a bank card to purchase cryptos, what are the supported payment methods?

Answer: Visa card or Master card.

Visa is accepted for cardholders in European Economic Area (EEA) countries, Russia, Ukraine and the UK.

Master card payments are available in the following countries regions:Brazil, Colombia, Czech Republic, France, Germany, Indonesia, Italy, Latvia, Luxembourg, Mexico, Netherlands, Norway, Poland, Russia, Slovakia, Slovenia, Spain, Switzerland, Turkey, UK, Ukraine.

Q3. I was informed that the card issuing country is not supported. What are the card issuing countries currently supported?

Answer: Visa is accepted for cardholders in European Economic Area (EEA) countries, Russia, Ukraine and UK, etc.. Mastercard payments are available in the following countries regions:Brazil, Colombia, Czech Republic, France, Germany, Indonesia, Italy, Latvia, Luxembourg, Mexico, Netherlands, Norway, Poland, Russia, Slovakia, Slovenia, Spain, Switzerland, Turkey, UK, Ukraine, ect..

Q4. How many bank cards can I bind at most?

Answer: You can bind up to 5 bank cards at the same time.

Q5. The error message during my purchase process shows:"Transaction declined by issuing bank. Please contact your bank or try a different bank card." What’s the reason?

Answer: If your bank card does not support this type of transaction, you can try to contact the bank for inquiries or try with another bank card.

Q6. If I did not complete the purchase within the time limit, will the transaction be cancelled?

Answer:Yes, if you do not complete the order within the time limit, it will become invalid and you need to open a new transaction.

Q7. If my purchase fails, can I get back the paid amount?

Answer: In the case if the payment has been deducted, the amount you paid will be returned the same way.

Q8. After the order is completed, where can I see the cryptocurrency I purchased?

Answer: You can click [Wallet]-[Overview] in the upper right corner of the page to check whether the cryptocurrency has arrived.

Q9. When I placed an order, I was told that my daily limit was not enough. How can I increase the limit?

Answer: You can go to the user authentication center to upgrade the account authentication level according to the information on the page, and then you can upgrade to the corresponding level limit.

Q10. Where can I find the records of the cryptos I purchased?

Answer: You can click [Orders]-[Buy Crypto History] in the upper right corner to view the order record, and check the details.