P2P transactions on phones will have 2 parts: buying cryptocurrency and selling cryptocurrency. In this article, Financial Investment Academy will guide you in very simple and detailed buying and selling operations.
1. Guide to P2P Transactions on Phones – How to Buy Cryptocurrencies
To be able to buy crypto on P2P, you need to complete KYC and add a payment method to your account settings.
I have a KCY tutorial, you can watch it here [Hướng dẫn bảo mật tài khoản – bảo mật 2FA và KYC]
After you have KYC, then proceed to add a form of payment and buy the cryptocurrency you want. Follow the steps below:
Step 1: Sign in to your account and add a form of payment.
Step 2: Add a form of payment here (I have already added it here, so the word “Added”) will be displayed. You can add multiple accounts if you have one.
Step 3: Return to the main interface, select the section “Transaction”.
Step 4: Choose the form of P2P transaction.
P2P trading on Binance only supports coins like USDT, BTC, BUSD, BNB, ETH AND EOS Just, for example, if you want to buy SXP coins, you have to go to the market to see what currencies SXP is being supported to buy, then you buy that coin to use it to buy SXP (Here I will use USDT to buy SXP). so now choose to buy USDT; If the Crypto you want to buy is BNB, choose BNB). Now I will guide you to buy USDT.
Step 4: Select “Buying”, select the USDT currency and choose the ad that suits your needs, then click on “Buying”.
Step 5: Enter the amount you used to buy USDT, see the payment method and transfer to the merchant.
Check it again and then click “Transfer”.
Step 6: After the transfer is complete, click on “Paid, next”.
At this point, you have to wait for the seller to confirm that you have received the money and unlock it for you, when the seller confirms the unlock, USDT will automatically be transferred to your P2P wallet.
=> Your USDT purchase was successful.
But to buy Crypto SXP, you need to transfer USDT from fiat wallet to spot wallet, click on “Go to exchange wallet”.
Step 7: Enter USDT you want to transfer, then click “Transfer”.
That’s it, you can now trade for Crypto SXP (or other Crypto you want to buy). [Hướng dẫn giao dịch mua Crypto trên Binance bằng thiết bị điện thoại]
2. Guide to P2P Transactions on Phones – How to Sell Cryptocurrencies
To be able to sell crypto, you first need transfer crypto from exchange wallet to fiat wallet.
Step 1: Log in to your account, in the Wallet section select “Wallet Overview” choose next “Immediate Delivery”.
Step 2: In the wallet “Immediate Delivery” choose “transfer”.
Step 3: Select the coin you want to sell, then enter the amount you want to transfer (I want to sell 100 USDT, so I will choose to transfer USDT and enter the amount to sell as 100). Finally choose “Transfer” it is done.
In the section on buying cryptocurrencies on P2P, I said that P2P transactions on Binance only support buying and selling coins like USDT, BTC, BUSD, BNB, ETH AND EOS. If you want to sell BNB instead of choosing USDT as our guide example, you choose BNB coin and the steps are similar.
My P2P wallet already has 100 USDT.
Step 4: Go back to select the part “Transaction”, select continue transaction “P2P”.
Step 5: Select “Sell”, copper “USDT” and choose the ad that suits your needs and then choose “Sell”.
Step 6: Enter the quantity USDT want to sell, choose continue “Sell USDT”.
Step 7: Check to see if your bank account has received the money, if it is, then “Unlock Confirmation” for the exchange to transfer USDT to buyers. Exchange completed.
Note that only click “Unlock Confirmation” only when you have received the money, do not unlock until you have received the money or lose the USDT.
In case the buyer does not transfer money to you at the end of 15 minutes, the transaction will be automatically canceled and the USDT will be automatically transferred to your P2P wallet.
> Instructions for P2P transactions on computers
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