@Crypto Giggle Gang
One of the safest ways to buy and trade cryptocurrency directly with other users is through Binance P2P (Peer-to-Peer). Binance serves as an escrow to safeguard both buyers and sellers, and there are no trading costs. The step-by-step operation of Binance P2P is explained in this guide.
What Is Binance P2P?
Binance P2P allows users to:
Buy crypto using local payment methods
Sell crypto directly to other users
Trade without market price fluctuation pressure
Avoid third-party risks
Until the transaction is finished, Binance keeps the cryptocurrency in escrow.
Step 1: Create & Verify Binance Account
Before using P2P:
Register on Binance
Complete KYC verification
Enable 2FA security
Add your payment method (bank, UPI, mobile wallet
✅Verification is mandatory for P2P safety.
Step 2: Open Binance P2P Section
Log in to Binance
Go to Trade → P2P
Choose Buy or Sell
Select your local currency
You’ll see a list of verified merchants.
Step 3: How to Buy Crypto on Binance P2P
Buying process:
Choose a seller with high completion rate
Enter the amount you want to buy
Place the order
Send payment using seller’s given method
Click “Transferred, Notify Seller”
Once the seller confirms payment, crypto is released to your wallet.
Step 4: How to Sell Crypto on Binance P2P
Selling process:
Select Sell
Choose crypto and price
Place the order
Wait for buyer payment
Confirm money received
Release crypto
⚠️ Always confirm payment in your bank before releasing crypto.
Step 5: Understanding Escrow Protection
Binance P2P uses escrow:
Crypto is locked when order starts
Seller can’t cancel after payment
Buyer is protected
Disputes are handled by Binance support
This makes P2P safe even for beginners.
Step 6: How to Earn from Binance P2P
You can earn by:
Buying crypto at lower P2P price
Selling at higher market demand
Becoming a P2P merchant
Arbitrage between P2P and spot market
Many users earn daily income using P2P correctly.
Step 7: Tips to Avoid P2P Scams
Trade only inside Binance chat
Never accept outside payments
Don’t release crypto before payment confirmation
Check user ratings & order history
Avoid urgency or pressure messages
Safety first, profit later.
Step 8: Common Mistakes Beginners Make
Releasing crypto too early
Using unverified payment accounts
Trading outside Binance system
Ignoring merchant ratings
Avoid these mistakes to stay safe.
Final Thoughts
Binance P2P is one of the best and safest ways to buy, sell, and earn crypto without trading fees. With proper steps and patience, anyone can use P2P confidently—even beginners.
