0%

10 Reasons Why P2P is the Best Way to Buy Local Bitcoin In Your Currency

Jan 1, 1 4 min read
News Article Banner Image

Binance P2P offers more than 300 different payment methods and more than 70 local currencies.

In this article, we’ve provided ten reasons why P2P marketplaces like Binance P2P are the best way to buy crypto.

Peer-to-peer (P2P) marketplaces and traditional crypto exchanges are both platforms that allow users to swap their Bitcoin and other cryptocurrencies for a preferred currency. The two platforms offer similar services in essence, but the trading experiences have fundamental differences. Your traditional crypto exchange uses an automated engine to complete buy and sell transactions; however, P2P marketplaces like Binance P2P enable users to directly trade crypto with one another using their preferred payment method and local currency.

In this article, we’ve provided ten reasons why P2P marketplaces like Binance P2P are the best way to buy crypto, providing more control and precision over your crypto to fiat conversions and vice-versa.

1. Live Trade Chat

Chat with your trading counterparty before you complete any transaction. Clarify payment requirements, follow up with delayed transactions or get to know who you’re trading with. For more information, you can read our helpful tips for using Binance P2P chat.

2. Personalize Your Offers: Ad Posting

Through our ad posting feature, buyers and sellers can personalize their offers according to their preferred price, payment method and local currency. Create strong ad postings and provide suitable trading terms for crypto users around the world.

3. Security: Escrow Service

P2P trading is more convenient than your traditional crypto exchange, but trading with other users also comes with its own set of risks. At Binance P2P, we provide an escrow service that ensures safe and fair trading. Once a buyer completes their order, we handle the seller’s cryptocurrency in a temporary deposit until both parties confirm the transaction is successful.

4. Customer Support

If you encounter a problem with your P2P trading counterparty, you can quickly seek assistance from Binance’s customer support team, who will contact you via email. Our customer service team will come in to mediate between both parties and solve the issue. You can read this article to learn more about the appeal process.

5. Zero Fees

Traditional crypto exchanges serve as intermediaries and will collect a small fee from all crypto transactions. On a P2P marketplace like Binance P2P, you can buy or sell Bitcoin and other popular cryptocurrencies from other users with zero fees.

6. More Ways to Pay

Binance P2P offers more than 300 different payment methods on, including local bank transfer, SEPA Transfer, International transfer, online wallet, cash and more.

7.Local and Global Marketplace

Whereas many other P2P platforms target specific markets, Binance P2P provides a truly global trading experience with support for more than 70 local currencies. Despite our international emphasis, we also strive to meet the needs of local markets via multi-language customer support and support for regional payment providers.

8. External Restrictions

Regulatory restrictions have historically intervened with traditional crypto exchanges. Transactions are facilitated interpersonally on P2P marketplaces, which means users are not affected by these restrictions.

9. Fast Transaction Speeds

P2P transactions can last from 20 minutes to one to three working days, depending on the payment method you use. Typically, online wallet transactions are quick and easy; however, some local banks may take one day to process the transfer, and in the case of International Swift transfers, you may need to wait up to three days.

10. Flexible amount

Start small with $3 worth of crypto or make a large block trade. If you’re looking to make a large crypto order, you can find experienced block traders on Binance P2P to buy or sell your crypto.

Ready To Buy Crypto? Get Started with Binance P2P

Create a Binance.com account or download the Binance crypto trading app, and then verify your account. Once your account is successfully verified, you can start your crypto journey with zero fees on Binance P2P.

Read the following helpful articles for more information:

Popular news

How to Set Up and Use Trust Wallet for Binance Smart Chain
#Bitcoin#Bitcoins#Config+2 more tags

How to Set Up and Use Trust Wallet for Binance Smart Chain

Your Essential Guide To Binance Leveraged Tokens

Your Essential Guide To Binance Leveraged Tokens

How to Sell Your Bitcoin Into Cash on Binance (2021 Update)
#Subscriptions

How to Sell Your Bitcoin Into Cash on Binance (2021 Update)

What is Grid Trading? (A Crypto-Futures Guide)

What is Grid Trading? (A Crypto-Futures Guide)

Start trading with Cryptohopper for free!

Free to use - no credit card required

Let's get started
Cryptohopper appCryptohopper app

Disclaimer: Cryptohopper is not a regulated entity. Cryptocurrency bot trading involves substantial risks, and past performance is not indicative of future results. The profits shown in product screenshots are for illustrative purposes and may be exaggerated. Only engage in bot trading if you possess sufficient knowledge or seek guidance from a qualified financial advisor. Under no circumstances shall Cryptohopper accept any liability to any person or entity for (a) any loss or damage, in whole or in part, caused by, arising out of, or in connection with transactions involving our software or (b) any direct, indirect, special, consequential, or incidental damages. Please note that the content available on the Cryptohopper social trading platform is generated by members of the Cryptohopper community and does not constitute advice or recommendations from Cryptohopper or on its behalf. Profits shown on the Markteplace are not indicative of future results. By using Cryptohopper's services, you acknowledge and accept the inherent risks involved in cryptocurrency trading and agree to hold Cryptohopper harmless from any liabilities or losses incurred. It is essential to review and understand our Terms of Service and Risk Disclosure Policy before using our software or engaging in any trading activities. Please consult legal and financial professionals for personalized advice based on your specific circumstances.

©2017 - 2024 Copyright by Cryptohopper™ - All rights reserved.