What Is Binance P2P?
P2P (peer-to-peer) trading lets you buy and sell crypto directly with other users using local payment methods — bank transfer, mobile payment, cash, etc.
How P2P Works
- Buyer places an order for USDT/BTC/etc
- Seller receives notification
- Buyer sends payment via local method
- Seller confirms receipt
- Binance releases crypto from escrow to buyer
Binance holds the crypto in escrow during the trade, protecting both parties.
Step-by-Step: Buying on P2P
Step 1: Go to P2P
Navigate to Trade → P2P
Step 2: Select Your Options
- Choose Buy
- Select crypto (USDT recommended)
- Select your local currency
- Choose payment method
Step 3: Pick a Seller
- Look for sellers with high completion rates (>95%)
- Check for the Verified Merchant badge
- Compare prices across sellers
Step 4: Place Order
Enter the amount you want to buy and confirm.
Step 5: Make Payment
Transfer funds using the seller’s specified payment method. Follow their exact instructions.
Step 6: Confirm Payment
Click “I’ve Paid” after sending the money. Wait for the seller to verify and release crypto.
P2P Safety Tips
- Only trade with verified merchants
- Never release payment outside the platform
- Don’t share personal info beyond what’s needed
- Keep proof of payment (screenshot)
- Complete within the time limit or the order cancels
- Never accept overpayment — it’s a common scam
P2P Fees
Binance charges zero fees on P2P trading. The prices you see already include the seller’s markup.
When to Use P2P
- Your country doesn’t support direct bank deposits on Binance
- You want to buy with local currency
- Bank transfers to exchanges are blocked
- You prefer paying with mobile money or cash
Before you create an account
A final signup check, before any first trade
Binance must display SmallDrift, RATE20, and the 20% fee discount in its signup flow. If it does not, do not assume the offer will be applied after account creation.
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