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how to sell in binance p2p

How does Binance P2P sell work?

Binance P2P is a peer-to-peer marketplace where you can directly trade crypto with other Binance users. Binance P2P facilitates crypto transactions in your preferred payment method, local currency and price.

How do I sell my spot to P2P?

But, if you have assets in the Spot wallet, you need to transfer that asset to the Funding wallet in order to make P2P trade….

  1. Hover to Wallet. …
  2. Click Overview. …
  3. Click Transfer. …
  4. Select the Coin and Enter the amount. …
  5. Check the Transfer history.

Jan 16, 2022

How do I post a sale on P2P Binance?

How to Post Block-Trade Ads on Binance P2P (App)

  1. Log in to your Binance App and tap [Trade] – [P2P]. …
  2. Tap [Ads] [Post Ad]. …
  3. Select the ad type (buy or sell), crypto asset, and the fiat currency for the ad. …
  4. Set the total trading amount, order limit, and add up to 5 payment methods for your ad.

Can you only sell P2P on Binance?

Binance Lite allows users to sell cryptocurrency via P2P trading with over 150 payment methods. Using P2P trading, you can easily sell crypto to other Binance users. To begin, open your Binance mobile app and log in. For this guide, we'll use the Binance Lite mode.

Can you get scammed on Binance P2P?

Once you start communicating with the counterparty outside of Binance P2P, we cannot protect you or assist you with any issues that might arise due to this communication. The increasing popularity of cryptocurrencies attracts scammers that develop new and original ways to steal your assets and data.

Is P2P trading profitable?

As with all trading, there is a risk attached and thus no guarantee that it will be profitable. However, high market volatility, liquidity and added control over price settings mean that, if executed effectively, P2P trading could be a potentially profitable enterprise.

Is P2P better than spot trading?

The main difference and advantage of P2P trading from the Spot market are that you can agree to buy crypto at a lower price, and sell it at a higher price, respectively.

How do you sell cryptocurrency on Binance P2P Web?

Step by 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. …
  2. (1) Enter the quantity you want to sell, (2) select a payment method, and click “Sell USDT” to place an order.
  3. The transaction will now display “Pending Payment”.

Jun 22, 2022

How do I sell on Binance spot?

Tap on [Trade] at the top of the Binance homepage. Then, select from [Advanced] or [Classic]. Go to the page buy BNB and then have the amount and price entered for your order. After that, complete the transaction by pressing [Buy BNB].

How do I know if P2P is sold online?

1. Check if your counterparty is online. When you start a trade on Binance P2P, the most important thing to do first is to check the terms of the advertiser. Once these terms meet your needs, you can proceed to open the trade and say hello in the chat, to check if your trading counterpart is online.

How long does Binance P2P take?

Note that every transaction on Binance P2P has a payment window (usually goes from 15 minutes up to 3 hours depending on the time the merchant has set up).

Why are P2P prices so high?

In general, P2P exchange comes with very high spreads because of the limited volume. P2P exchange is for people finding it hard to purchase crypto in the traditional way (bank transfers, credit card). Also, if you have money in an odd ewallet it might be worth it.

Can you get scammed in P2P Binance?

To protect users' interests, Binance P2P launched a [Report] button on the Binance App for users to report scammers and malicious activities on the platform. If you suspect a P2P order is a scam, you can tap [Report] in the chatbox to report it directly. You will need to provide relevant information about this order.

How do I sell my Binance coins?

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.

How do I sell a trade 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.

How do you use buy and sell in Binance?

How to sell cryptocurrencies on Binance Lite?

  1. Log in to your Binance account. Tap on the trading button, then tap [Sell].
  2. Choose the cryptocurrency you want to sell and enter the amount. Tap [Sell].
  3. Select how you want to receive the fiat currency. We offer different fiat channels for users in different countries.

Apr 12, 2021

How do I sell my P2P Binance 2022?

Step by 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. …
  2. (1) Enter the quantity you want to sell, (2) select a payment method, and click “Sell USDT” to place an order.
  3. The transaction will now display “Pending Payment”.

Aug 13, 2022

How do I withdraw money from Binance?

How to Withdraw Fiat Currency from Binance

  1. Log into your account.
  2. Select Withdraw.
  3. Click on the Fiat tab.
  4. Pick the fiat currency.
  5. Enter the details that the page requires.
  6. Check the transaction details.
  7. Enter your verification code.

Jun 16, 2022

How do I turn crypto into cash?

The process is the same as currency exchanges in the airport of a foreign country. You deposit your bitcoin into the exchange. Once the exchange has received your bitcoin, you can request a withdrawal in the currency of your choice. The withdrawal will be paid into your bank account.

How do I cash out USDT?

Tether withdrawal

  1. Navigate to your Wallet and click the Withdraw button.
  2. Select Tether wallet in the “Withdraw from” field.
  3. Select withdrawal address or add a new withdrawal address. …
  4. Enter the amount of Tether you wish to withdraw.
  5. Click Review withdraw button.
  6. A confirmation screen will pop up.