How to Sell Crypto on Binance P2P via Web and Mobile App

Sell Crypto on Binance P2P (Web)

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 (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.



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.

Frequently Asked Questions (FAQ)

What is P2P?

‘Peer-to-peer’ (P2P) trading is a form of trading where a buyer and seller directly exchange their crypto and fiat assets with the help of an online marketplace and escrow services.

What is the release?

When a buyer has paid the seller, and the seller has confirmed that the payment is received, the seller has to confirm and release the crypto to the buyer.

I want to sell my crypto via P2P trading. Which Wallet should I use?

To sell your crypto via P2P trading, you need to transfer your funds to Funding Wallet first. The sell orders will be deducted from your Funding Wallet directly.


How to transfer?

1. Open your Binance App, and tap [Wallets] - [Overview] - [Transfer].

You can also log in to your Binance account on Binance website, and tap [Wallets] - [Overview] - [Transfer].

2. Choose [Funding] as the destination wallet, the type of crypto you want to transfer, and enter the amount. Then, tap [Confirm Transfer].

3. To check your transfer history, tab on the [History] icon on the top right.



What is the appeal?

When there is a dispute between buyer and seller, and a user would like the platform to arbitrate, users can file an appeal. The crypto involved in the trade will stay locked during the process.


How to cancel an appeal?

After filing an appeal, the user who started the appeal can cancel the appeal if the agreement is reached between the parties and arbitration is no longer needed. The order will return to the state where it is waiting for confirmation from the seller to release the crypto. The crypto will stay locked until the seller has confirmed the receipt of payment.


What is In order?

An order is a promised trade that the buyer and seller has agreed upon. Binance P2P facilitates the trade by providing an escrow service, meaning locking the assets until both sides agree to release as promised.


What is a Fixed Price Advertisement?

Price of fixed price Ads is fixed and does not move with the market price of the crypto.


What is the difference between Offer listing and Express mode?

The "Express" mode automatically matches a buy/seller for you, while in "Offer Listing" you can select your own buyer/seller.