This post is a guide on how to buy and sell cryptocurrency on the biggest crypto headquarters Binance via Peer to Peer (P2P).

Binance Definition.

Binance is the biggest name when it comes to exchange of virtual currencies  like Bitcoin, Ethereum, Dodgecoin, and NFT's.

It was found in Hong Kong, 2017 but due to the strict rules by the Chinese government on cryptocurrency, they moved their headquarters to Malta EU.

Binance is available for both mobile and web, you can simply download the mobile app here  if you don't want to use the website .

P2P (Peer to Peer) trade Definition

As the name implies the word P2P means Peer to Peer in trade and the function is decentralized with no intermediary like banks getting directing involved.

It show that the transaction is between the buyer and seller only on the given platform.

Binance offers a platform for buying and selling cryptocurrency e.g Bitcoin, Dodgecoin, Ethereum and NFT's.

They screen, rank, rate, and show reviews of the people who trade on the platform.

Binance Escrow service 

Escrow service is the kind of service that holds the buyers money and sellers cryptocurrency till both parties come to an agreement on payment before the transaction is approved via Binance the Binance Escrow secured trading feature.

How to Buy and Sale Cryptocurrency on Binance via P2P.

Buying cryptocurrency on Binance via Peer to Peer (P2P) is very easy as follows:

BUY

1. First login to your Binance  account.

2. Navigate to P2P button and click on it.

3. Click on "Buy" and choose the "Express" option on the top left corner if you want to trade quicker.

4. Select the the cryptocurrency you want to buy and add amount of money into box provided and confirm.

5. Next transaction is moved to Escrow, you can view sellers bio, rank, transaction timing and reviews.

6. Send payment proof to seller via  Binance users chat and he/she credits you with the amount of coins you paid for within a stipulated time also.

Selling cryptocurrency on Binance via Peer to Peer (P2P)

SALE

1 First login to your Binance  account.

2. Navigate to P2P button and click on it.

3. Click on "sell" button and choose the "Express" option 

4. Select the the cryptocurrency you want to sell and choose the bank account you want to receive money with.

3. Next transaction is moved to Escrow and timing as well.

4. Move to the chat section and chat the buyer.

5. Verify to Binance once you have received your bank alert and the coin is released to the buyer.

Note: P2P is approved via Escrow if both the seller and has confirmed the payment.

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