Safety First

How to Use Binance P2P Safely

Buy and sell crypto directly with other users using bank transfers, PayPal, and more. Learn how to avoid scams and trade safely with zero fees.

12 min read
Updated: January 2026

What is Binance P2P?

P2P (Peer-to-Peer) trading lets you buy and sell crypto directly with other users. Instead of trading on an order book, you trade with merchants who set their own prices and payment methods.

💰0% trading fees
🏦Bank transfer, PayPal, cash & more
🔒Escrow protection for both parties
🌍100+ fiat currencies supported

How Escrow Works

1
Seller's crypto is locked in escrow
2
Buyer sends fiat payment to seller
3
Seller confirms & releases crypto
✓
Trade complete - both satisfied!

Step-by-Step Guide

Follow these steps for a safe P2P trading experience.

1

Go to P2P Trading

Navigate to Trade → P2P on Binance

2

Select Buy & Crypto

Choose Buy tab and select USDT or BTC

3

Choose Payment Method

Filter by your preferred payment (bank, PayPal, etc.)

4

Select Merchant

Choose a merchant with 95%+ completion rate

5

Enter Amount & Confirm

Enter how much you want to buy and place order

6

Make Payment

Pay using the exact details provided within time limit

7

Mark as Paid

Click "I've Paid" after completing payment

8

Receive Crypto

Seller releases crypto after verifying payment

🚨 Common P2P Scams & How to Avoid Them

Know these scams to protect yourself. Knowledge is your best defense.

✅ P2P Safety Checklist

Follow this checklist for every trade to stay safe.

Check Trader Reputation

  • Completion rate above 95%
  • At least 100 completed trades
  • Positive feedback reviews
  • Account age over 30 days

Verify Payment

  • Check actual bank account (not SMS)
  • Wait for funds to fully clear
  • Match name with Binance profile
  • Screenshot transaction history

During Trade

  • Never share personal info
  • Keep all chat in Binance platform
  • Don't click external links
  • Report suspicious behavior

After Trade

  • Release only after payment confirmed
  • Leave honest feedback
  • Report any issues immediately
  • Keep records of trade

The #1 Rule: NEVER Release Before Confirming Payment

Most P2P scams succeed because sellers release crypto before actually verifying the payment.

  • DON'T trust SMS notifications - they can be faked
  • DON'T trust screenshots - they can be edited
  • DON'T trust buyer's pressure to release quickly
  • DO log into your actual bank account and verify the funds are there

Ready to Start Trading?

Sign up with TRADEOFF20 for 20% off trading fees. P2P is 0% fees, but you'll save on spot trading too!

Create Binance Account

Frequently Asked Questions

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