Main takeaways
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.
In this article, learn why users prefer Binance P2P, how the P2P merchant economy functions and discover basic P2P trading techniques to kickstart your crypto business.
Whether you’re an established trader or a first-time crypto user, anyone can open a trading business on Binance P2P.
Peer-to-peer trading, also known as P2P trading, involves direct cryptocurrency transactions between users without a third party or intermediary. Unlike traditional exchanges, buying and selling crypto on a P2P marketplace does not include charts and market indicators. With P2P trading, you get more authority over who and how you trade.
Keep in mind, the freedom of P2P trading does carry certain risks. While traditional exchanges help broker your crypto orders, P2P trading typically does not involve a third party to ensure your transaction goes smoothly. If you’re looking for a safe and easy-to-use P2P marketplace, Binance P2P is a trusted trading platform for both risk-conscious and everyday crypto traders.
Why Trade Crypto With Binance P2P?
Trusted by millions of users, Binance P2P facilitates crypto transactions in your preferred payment method, local currency and price. Below are three reasons why users prefer Binance P2P for their daily crypto trading.
1. Industry-leading security
To ensure users can safely trade crypto with other users, every trade on Binance P2P goes through our escrow service. Once you match and start dealing with a suitable buyer, your
cryptocurrency is temporarily deposited until you confirm the funds have reached your bank account. If an issue arises during the transaction, you can file an appeal, and our customer service will help resolve the problem.
2. Buy and sell with zero fees
Unlike traditional crypto exchanges, which collect a small fee from every transaction, P2P marketplaces like Binance P2P allow users to transact Bitcoin and other cryptocurrencies with zero fees.
3. Customize your trading
With more than 300 payment methods, including SEPA and bank transfer, and more than 150 local currencies, Binance P2P provides a more customizable trading experience over traditional methods like spot trading.
To learn more about Binance P2P’s different benefits, you can read our helpful article on why P2P is the best way to buy crypto.