We all know Binance is one of the best exchange in the world and there is a button called P2P Trade and there one can trade in their own local currency. I don't know how to do that so I'm asking for help from everyone. I hope you can explain me in detail.
I am explaining to you very simply.First of all if you want to trade P2P you must Binance or Kucoin exchange there should be exchanges and even they should be verified so you can feel free to convert your dollars or different crypto currencies to your own local currency by going to the p2p option.
Hopefully you will understand better if you follow these steps.I mention them for your understanding.
If you want to trade Binance P2P then you must verify your exchange because without verification it is not possible to trade P2P.
1. First you go to your Binance exchange then there you will see something like this.
2. After this page is opened you will see wallet written below click on it.
3. After clicking on the option to write the wallet, you will see the option to write the deposit.
4. Clicking on the deposit button will open a page like this and a search button will appear.You just type the name of the currency you want to convert into your own money in the search button and then select that currency.
I am giving an example, because if you want to deposit USDT then you have to select any network either BSC or Ethereum network.It goes without saying that the coins you deposit will have their own network and you must selecte that network before depositing.
5. If your deposit is successful, you need to transfer them to Funding Wallet.You can do it like this.
After clicking on the transfer button, your page will show like this and you will enter the currency you want to transfer here and click on the confirm button.
6. Then you need to come back to your exchange's home page and you will see there is a button called P2P Trading and you click on that.
7. P2P After clicking on, a page like this will show in front of you You will then click on the Sell button.After clicking you will see something like this.If you click on the page that I have marked on the page that you see, it will show the currency of different countries, from there you can select the currency of the country in which you live.
8. After selecting your own country and currency you will come to this page and you will see it says select your payment method and click there to add your own account.Then you will see it written below sell with zero fee after clicking there when the buyer you sell to will pay you.Then you check it well and then release it.This way you can trade P2P on your Binance Exchange.
I have discussed it in detail like this for ease of understanding.
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@OP, If you really want to make use of Binance, then I think you should adhere to these instructions dropped by cryptoWODL. They're a detailed explanation of the process you need to pass in order to complete a successful trade on Binance P2P. If there is any process that you have already passed, you don't need to repeat it, as sometimes you might have already made some deposit or passed through the KYC process.
One thing I will like you to take note of is that when taking and executing trades on P2P, always be security cautious, as there are always some people who might appear to be good traders with a reputation, but deep down they are scammers, so always take note and confirm your payment is on your designated account before you release your coin to the buyer.
