If you’re new to peer-to-peer (P2P) trading, check out our primer on how P2P crypto exchanges work. Simply put, platforms like Binance P2P allow buyers and sellers to transact directly with one another without any intermediaries. As a result of this process it can be relatively low risk compared the traditional approach where an intermediary or third party has been involved for some time when purchasing goods/services from each other.
Step 1: Open your P2P wallet, select Transfer between accounts and Send.
Step 2: Enter the recipients email address. Use the email address associated with the recipients Binance account.
Step 3: Select the amount and the cryptocurrency you wish to send (no minimum amount required. The maximum you can send in one transaction is 10 BTC). You can choose between USDT, BTC, BUSD, BNB, ETH and DAI. You can also add an optional note to describe why you’re sending the crypto funds.
Step 4: Enter your verification code to complete the transaction. You’re all set!