Buying and selling USDT (Tether) on Binance P2P (peer-to-peer) involves trading directly with other users on the platform. Here’s a step-by-step guide on how to buy and sell USDT using Binance P2P:
Buying USDT on Binance P2P:
- Login to Binance: Sign in to your Binance account. If you don’t have one, you’ll need to create an account and complete the necessary verification steps.
- Access P2P Trading: Navigate to the “Trade” tab on the top menu bar and select “P2P Trading” from the dropdown menu.
- Choose USDT: Select USDT as the cryptocurrency you want to buy. You’ll see a list of available offers from other users selling USDT.
- Choose a Seller: Review the list of sellers offering USDT and choose one based on factors like price, payment method, and seller rating. Click on the “Buy” button next to the desired offer.
- Initiate Trade: Enter the amount of USDT you want to buy and review the terms and instructions provided by the seller. Click on “Buy USDT” to initiate the trade.
- Make Payment: Follow the payment instructions provided by the seller to transfer the agreed-upon amount using the selected payment method (e.g., bank transfer, mobile payment, or online payment platform).
- Confirm Payment: After making the payment, click on the “I have paid” button to confirm the transaction. The seller will verify the payment and release the USDT to your Binance account once confirmed.
- Complete Transaction: Once the seller confirms receipt of the payment, the USDT will be credited to your Binance wallet, and the trade will be completed. You can view your USDT balance in your Binance account.
Selling USDT on Binance P2P:
- Login to Binance: Sign in to your Binance account and navigate to the “Trade” tab. Select “P2P Trading” from the dropdown menu.
- Choose USDT: Select USDT as the cryptocurrency you want to sell. You’ll see a list of available offers from users looking to buy USDT.
- Choose a Buyer: Review the list of buyers interested in purchasing USDT and choose one based on factors like price, payment method, and buyer rating. Click on the “Sell” button next to the desired offer.
- Initiate Trade: Enter the amount of USDT you want to sell and review the terms and instructions provided by the buyer. Click on “Sell USDT” to initiate the trade.
- Transfer USDT: Transfer the agreed-upon amount of USDT from your Binance wallet to the buyer’s designated wallet address.
- Confirm Payment: After transferring the USDT, click on the “I have transferred” button to confirm the transaction. The buyer will verify receipt of the USDT and release the payment to your selected payment method.
- Receive Payment: Once the buyer confirms receipt of the USDT, the payment will be credited to your selected payment method, and the trade will be completed.
- Complete Transaction: Ensure that the payment has been received, and the trade has been successfully completed before confirming the transaction as complete
