How to Buy USDT on Binance P2P

Binance, one of the world’s leading cryptocurrency exchanges, has significantly simplified the process of buying and selling digital assets directly with local currencies. Through its P2P (peer-to-peer) trading platform, you can now easily buy USDT using Naira (₦). This is a step-by-step guide to ensure a smooth transaction.

Watch Video on how to buy

1. Setting Up Your Binance Account:

If you’re a first-timer on Binance, start here. Otherwise, skip to step 2.

2. Access the P2P Platform:

  • On the Binance homepage, hover over the ‘Buy Crypto’ tab.
  • Select ‘P2P Trading’ from the dropdown menu.

3. Choose Your Trading Pair:

  • Once on the P2P platform, select ‘USDT’ as the cryptocurrency you want to buy.
  • In the ‘Currency’ section, select ‘NGN’ to show offers in Naira.

4. Selecting the Right Offer:

  • Various sellers will display their rates, payment methods, and limits.
  • Look for offers with good rates, but remember to also consider the seller’s reputation. Sellers with a high completion rate and good reviews are generally more trustworthy.
  • Check the payment methods the seller accepts to ensure it’s convenient for you.

5. Initiating the Trade:

  • Once you’ve selected an offer, enter the amount of USDT you wish to purchase.
  • Click on the ‘Buy USDT’ button.
  • The system will show the payment details. Make sure you adhere strictly to the seller’s payment instructions.

6. Making Payment:

  • Transfer the equivalent Naira amount to the seller using the provided payment details.
  • After making the payment, click ‘Transferred, Next’ on Binance.
  • Important: Always ensure you’ve truly made the payment before confirming on Binance.

7. Receiving Your USDT:

  • Once the seller confirms receipt of your payment, Binance will release the USDT to your wallet.
  • You can then check your P2P wallet to confirm the receipt of your USDT.

8. Safety Tips:

  • Never make payments outside the Binance platform.
  • Always check the seller’s rating and reviews.
  • If in doubt, use Binance’s chat feature to communicate with the seller.
  • Avoid sharing personal details during transactions.

Binance P2P has streamlined the process of acquiring digital assets for Nigerians by integrating the local currency, Naira. By following this guide, even a beginner can confidently purchase USDT with ease. Remember, the crypto world is full of opportunities, but always be cautious and prioritize safety. Happy trading!

Use this link to create a binance account

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