How to Use Binance P2P to Sell Crypto and Withdraw Money Safely

Cryptocurrency is all about financial freedom — but when it comes time to convert your crypto into real-world cash, you need a method that’s fast, secure, and cost-effective. One of the best solutions? Binance P2P.

In this guide, we’ll show you step-by-step how to use Binance P2P to sell your crypto directly to other users and safely withdraw money to your bank account, UPI, or preferred payment method.

What is Binance P2P?

Binance P2P (Peer-to-Peer) is a marketplace where you can buy and sell cryptocurrencies directly with other users — without any middlemen holding your money. Binance simply acts as an escrow: it locks the seller’s crypto until the buyer pays, ensuring a secure transaction for both parties.

Why use Binance P2P?

• Zero trading fees for buyers and sellers.
• Multiple payment options: bank transfer, UPI, Paytm, PayPal, Revolut, and more.
• Competitive prices compared to direct exchange sales.
• Local currency support in over 100 countries.

Step-by-Step: How to Sell Crypto Using Binance P2P

Step 1: Create and Verify Your Binance Account

• If you don’t already have a Binance account, sign up at binance.com.
• Complete KYC verification: submit ID and a selfie to unlock P2P trading features.
• Enable 2FA (Google Authenticator or SMS) for added security.

Step 2: Transfer Crypto to P2P Wallet

• In your Binance account, go to Wallet > Funding Wallet.
• If your crypto is in “Spot Wallet,” click Transfer and move your crypto (e.g., USDT, BTC) to “Funding Wallet.”
• Only crypto in your Funding Wallet can be used for P2P trades.

Step 3: Navigate to the P2P Trading Page

• On the Binance homepage, click “Trade” and then “P2P”.
• Select “Sell” tab.
• Choose the crypto you want to sell (USDT, BTC, ETH, etc.).
• Filter buyers based on your preferred payment method and currency (INR, USD, EUR, etc.).

Step 4: Select a Buyer

• Check the buyer’s profile:
  • High completion rate (>90%)
  • Good number of trades (100+ preferred)
  • Verified badge (optional but recommended)
• Choose a buyer offering a good price and compatible payment method.

Step 5: Create a Sell Order

• Enter the amount of crypto you want to sell.
• Confirm payment method details (e.g., your bank account number or UPI ID).
• Click “Sell”.

Step 6: Wait for Buyer to Pay

• The buyer now sends money directly to your bank account/UPI/other method.
• Important: Do not release crypto until you have confirmed receipt of the money in your account.

Step 7: Release Crypto

• Once you receive payment:
  • Double-check the amount and sender details.
  • Click “Payment Received”.
  • Confirm and Release Crypto from escrow.

Congratulations! You’ve successfully sold your crypto and received fiat money safely.

Tips for Selling Safely on Binance P2P

• Only chat inside Binance P2P app: Never agree to external chats or calls.
• Confirm payment fully cleared: Don’t rely only on SMS or email — check your bank account balance yourself.
• Avoid suspicious buyers: If someone pressures you or asks to cancel after payment, report them.
• Enable security alerts: Turn on SMS/email alerts for account activity.
• Stick to verified buyers with good reputations whenever possible.

Common Payment Methods on Binance P2P

Note: Always verify payment completion yourself — avoid scams where “fake receipts” are sent.

Why Use Binance P2P Over Direct Exchange Withdrawals?

• Faster Access: Bank withdrawals from exchanges can take 1–5 days; P2P sales are often completed within minutes.
• More Payment Options: Choose how you want to get paid.
• Better Rates: Sometimes you can sell at a slightly better rate compared to direct fiat withdrawals.
• Ideal for countries with crypto restrictions: If your bank blocks exchange withdrawals, P2P offers a workaround.

Final Thoughts

Binance P2P is one of the most powerful tools for crypto investors looking for flexible and secure cashout options. By following proper safety practices and selecting reputable buyers, you can convert your crypto into fiat money quickly and confidently.

Always double-check payments, follow Binance’s in-app process, and trust the escrow system — and you’ll master P2P trading in no time.

Disclaimer: Crypto trading and P2P transactions involve risks. Always verify payments personally and use secure methods.