How to Deposit Fiat on Binance via P2P Trading

What Is P2P Trading?

P2P (peer-to-peer) trading on Binance allows you to buy cryptocurrency directly from other users using your local currency and payment methods. Binance acts as an escrow service, holding the seller crypto until the buyer confirms payment, ensuring safety for both parties.

Step-by-Step Guide

Step 1: Access P2P Trading

Open the Binance App, tap "P2P Trading" or go to Trade > P2P on the web.

Step 2: Select Cryptocurrency and Payment Method

Choose the cryptocurrency you want to buy (USDT recommended for beginners). Select your preferred payment method from the available options.

Step 3: Choose a Merchant

Look for merchants with high completion rates (98%+), many completed orders, and the green verified badge. Compare prices among merchants to find the best rate.

Step 4: Place the Order

Enter the amount you want to buy, review the merchant terms and conditions, and click Buy. The merchant crypto will be locked in escrow.

Step 5: Make Payment

Follow the merchant payment instructions carefully. Transfer the exact amount to their specified account. Never include crypto-related keywords in payment notes.

Step 6: Confirm Payment

After making the payment, click "I have paid" on Binance. The merchant will verify receipt and release the crypto to your wallet.

Safety Tips

Never release crypto before confirming payment in your bank account. Only communicate through the Binance P2P chat. Never trade outside the Binance platform. Keep screenshots of all transactions. Report suspicious activity immediately.

Conclusion

P2P trading is the most popular way to deposit fiat on Binance. Register for a permanent 20% fee discount on all trades.