How to Buy USDT Using P2P Trading on Binance: A Step-by-Step Guide

What Is P2P Trading on Binance?

Peer-to-peer (P2P) trading on Binance allows users to buy and sell cryptocurrencies like USDT directly with other users, bypassing traditional exchanges. This method offers flexibility in payment options, competitive pricing, and faster transactions. Binance acts as an escrow service, ensuring security for both buyers and sellers during trades.

Why Use Binance P2P to Buy USDT?

• Competitive Rates: Sellers set their own prices, often offering better deals than spot markets.
• Multiple Payment Methods: Choose from bank transfers, e-wallets, cash payments, and more.
• Zero Fees: Binance doesn’t charge fees for P2P trades.
• Secure Escrow: Funds are held securely until the transaction is confirmed.

Step 1: Create and Verify Your Binance Account

1. Sign up on Binance using your email or phone number.
2. Complete identity verification (KYC) by submitting a government-issued ID and a selfie.
3. Enable two-factor authentication (2FA) for added security.

Step 2: Access the Binance P2P Trading Platform

1. Log into your Binance account.
2. Click Trade > P2P Trading from the top menu.
3. Select Buy USDT from the options.

Step 3: Choose a Seller and Payment Method

1. Filter sellers by payment method (e.g., PayPal, Wise, bank transfer).
2. Check seller ratings, completion rates, and trade limits.
3. Select a seller with favorable terms and click Buy USDT.

Step 4: Complete the Transaction

1. Enter the amount of USDT you want to buy or the fiat currency you’ll spend.
2. Confirm the order details and click Confirm.
3. Send payment to the seller’s account using their provided details.
4. Click Transferred, Notify Seller and wait for them to release USDT to your Binance wallet.

Tips for Safe P2P Trading on Binance

• Always communicate and pay within Binance’s platform to avoid scams.
• Double-check payment details before sending funds.
• Use sellers with 95%+ completion rates and 50+ completed trades.
• Dispute transactions immediately if issues arise.

FAQ: Buying USDT via Binance P2P

How long does a P2P transaction take?

Most trades complete within 15–30 minutes after payment confirmation.

Are there fees for P2P trading?

Binance doesn’t charge fees, but sellers may include costs in their rates.

What payment methods are supported?

Options vary by region but often include bank transfer, PayPal, Skrill, Paytm, and cash deposits.

Is P2P trading safe?

Yes, Binance’s escrow system protects buyers. Only trade with reputable sellers.

Can I cancel a P2P order?

Orders can be canceled if the seller hasn’t confirmed payment. Contact support for disputes.