The P2P (Peer-to-Peer) trading of Binance is a very popular tool for exchanging cryptocurrencies to local currencies and vice versa easily and securely.
Here you have content that explains the ease of the exchange and how to do it on Binance P2P:
🤝 Ease and Freedom: How to Change #Criptomonedas to Local Currency with Binance P2P
The P2P (Peer-to-Peer) market of Binance simplifies the buying and selling of cryptocurrencies directly with other users, using the local currency of your country (like #VES , USD, COP, ARS, etc.). The platform acts as a secure custodian, ensuring that both parties fulfill the transaction.
🔑 Why is it so Easy and Convenient?
Payment Flexibility: You can use your preferred local payment methods (bank transfers, mobile payments, specific wallets) to receive or send money.
Zero Commissions (generally): Binance does not charge commissions for P2P transactions.
Security (Escrow Service): Binance holds the seller's cryptocurrencies in an escrow until the seller confirms they have received the payment, protecting both parties.
Wide Variety: You have access to numerous merchants and different exchange rates to choose the option that best suits you.
⚙️ Quick Guide to Buy or Sell on Binance P2P
The process is very similar, whether you want to SELL your cryptos (like $USDT ) for VES or BUY cryptos with your VES.
1. 📲 Access the P2P Market
Binance App: Go to the "Trading" tab and select "P2P" at the top.
2. 🔍 Select the Operation and Currency
Choose whether you want to Buy or Sell cryptocurrencies.
Select the cryptocurrency you wish to trade (e.g: $USDT ).
Filter by your local currency (e.g: VES).
Important: Review the ads of merchants. Pay attention to the PRICE, transaction limits, and the payment method they offer.
3. 👤 Choose a Merchant and Create the Order
Pay attention to the statistics: Choose merchants with a high percentage of completed orders (e.g: 90%+) and a good number of trades.
Click on "Buy" or "Sell" in the ad you chose.
Enter the amount of local currency you want to trade or the amount of cryptocurrencies.
Case Study: SELL USDT for VES
If you want to exchange your USDT for VES:
Create Order: Click on "Sell" in the ad you selected. The amount of USDT will automatically move to Binance's escrow.
Wait for Payment: The buyer (who will send you VES) will have a time limit to send the payment to your registered bank/mobile account on Binance.
Verify the Payment: ATTENTION! DO NOT release the cryptocurrencies until you have verified in your bank or mobile account that the correct amount of VES has arrived.
Release the Cryptos: Once the payment is confirmed, click on "Release". The USDT will be transferred to the buyer, and the transaction will be complete.
⚠️ Security Note: Always verify the arrival of funds in your bank or mobile account. Never release cryptocurrencies based solely on a screenshot or payment notification sent to you by the buyer.
🤔🤔 Would you like me to show you the steps to add a payment method, such as your bank account, in Binance #P2P ? 🤔🤔
