Binance exchange announced on January 20 that it is adding a service to buy and sell directly from Vietnam Dong (VND) with BTC, USDT, ETH and BNB coins in VND via the Binance P2P platform on the session. the latest version of the Binance iOS and Android mobile apps.

What is Binance P2P?

Binance P2P is a peer-to-peer trading platform. This platform helps users of Binance to buy and sell cryptocurrencies with fiat currencies directly on the exchange.

VND is the second currency available on Binance’s P2P exchange, after the Chinese Yuan (CNY). Additionally, Changpeng Zhao (CZ) reiterates Binance’s ambitious plans to expand fiat-to-crypto access on Binance to users in more than 180 countries to achieve its mission of freedom of monetization. surname.

Instructions to buy and sell Bitcoin in VND on Binance exchange

Just like other exchanges. If you do not have an account at the Binance exchange, you can register here.

You can download the latest version of the Binance iOS and Android mobile apps here. When registering, you enter your referral ID: 29171587

If you already have an account on Binance, you must meet the following requirements.

  • SMS verification enabled account
  • Account has done KYC successfully

It is also very important for you to be able to buy Bitcoin on the Binance exchange with VND is that you have to complete the account verification, sign the agreement and install the Fiat.

You can click on the banner as shown

What is Binance P2P?  Instructions to buy and sell Bitcoin in VND at Binance P2P

or you can go to the trading toolbar below and select cash transaction

What is Binance P2P?  Instructions to buy and sell Bitcoin in VND at Binance P2P

Next, select the “…” icon on the top right of the screen. Then select the guide as shown.

What is Binance P2P?  Instructions to buy and sell Bitcoin in VND at Binance P2P

Select “Sign the agreement”

What is Binance P2P?  Instructions to buy and sell Bitcoin in VND at Binance P2P

Read and scroll down and click “I have read and agree to the terms of use”. When you finish signing, the result will be as shown below.

What is Binance P2P?  Instructions to buy and sell Bitcoin in VND at Binance P2P

Continue to select “I have read and agree…) Once you have signed you will receive

What is Binance P2P?  Instructions to buy and sell Bitcoin in VND at Binance P2P

Buy Bitcoin on Binance P2P exchange

Step 1: Add Payment Method.

You access and “account” and then select “Fiat settings”.

What is Binance P2P?  Instructions to buy and sell Bitcoin in VND at Binance P2P

Please choose your bank payment method.

What is Binance P2P?  Instructions to buy and sell Bitcoin in VND at Binance P2P

Then, enter the required information as shown in the picture and click “Confirm”.

What is Binance P2P?  Instructions to buy and sell Bitcoin in VND at Binance P2P

Finally, you enter the 2FA code to confirm or you can also choose to receive by SMS.

What is Binance P2P?  Instructions to buy and sell Bitcoin in VND at Binance P2P

Step 2: Select the coin and enter the amount you want to buy or sell.

Go to Transactions and select cash.

What is Binance P2P?  Instructions to buy and sell Bitcoin in VND at Binance P2P

At the card “Buying” Please select the coin you want to buy. Then look at the prices in the coin bowl ads and choose the price you want and press the “Buy” button. Usually the best prices will be prioritized for you to choose but will depend on the seller’s limit.

What is Binance P2P?  Instructions to buy and sell Bitcoin in VND at Binance P2P

Note, there are 2 tags “Buy fiat” and “Buy crypto“. With a fiat card, you enter the amount of VND you want to buy. Also, with a crypto card, enter the amount of coins you need to buy.

What is Binance P2P?  Instructions to buy and sell Bitcoin in VND at Binance P2P

Step 3: Transfer money in VND and confirm payment.

Within 15 minutes you need to make payment according to the information provided. Once the money is transferred, click the “Mark as paid” button.

Sell ​​Bitcoin on Binance exchange to VND

Step 1: Transfer coins to fiat wallets for sale.

Click “Funds” -> “Transfer” to switch from “Floor Wallet” to “Cash Wallet”.

What is Binance P2P?  Instructions to buy and sell Bitcoin in VND at Binance P2P

Next, you choose the coin you want to transfer to your Fiat wallet for sale and enter the amount. Finally, click the “Confirm” button.

Next, you enter the 2FA authentication code.

What is Binance P2P?  Instructions to buy and sell Bitcoin in VND at Binance P2P

Step 2: Sell ​​coins that you transferred to a fiat wallet.

You click “Go to transaction” to complete the transfer to the fiat wallet and proceed to buy and sell coins.

What is Binance P2P?  Instructions to buy and sell Bitcoin in VND at Binance P2P

This step is the same as the buying step I introduced above.

What is Binance P2P?  Instructions to buy and sell Bitcoin in VND at Binance P2P

But this step you need to note, you should wait for the buyer to transfer the money first to the account before you confirm to open the coin for sale.

Important notes when buying and selling P2P

  • The seller only unlocks the coin after receiving the money.
  • You have the right to appeal if you have not received the money the buyer has confirmed to pay you.
  • Buyers when transferring money absolutely do not write in the notes section with content related to coins and cryptocurrencies. If you put the coin in the transaction, the bank will have the ability to block the payment or freeze your account.
  • It is not recommended to cancel transactions more than 3 times in a day. If you do, you will be banned from trading for the rest of the day.

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