FAQs
Payment Methods
- Crypto deposit: For users who already own cryptocurrencies supported by Binance, you may transfer these to the Binance compatible wallets.
- Bank Deposit: Binance supports bank deposits for the world's fiat currencies.
- Credit/Debit Card: Visa and Mastercard.
What is P2P trading? 1. Place-to-place trading, where you buy and sell on various platforms to get the best rates. 2. Place-to-place trading, where you buy and sell directly with another person without going through a middleman.
How to use Binance P2P in India? ›
HOW TO USE BINANCE P2P
- To get started with Binance P2P, follow these simple steps👇
- The first step is to register on Binance if you haven't already. ...
- After registering, navigate to the P2P trading section on the Binance website. ...
- Choose the cryptocurrency that you want to buy or sell and select the trading pair.
How to Buy Bitcoin (BTC) in India
- A. Buy Bitcoin with Debit / Credit Card. If you are a new user, this is the easiest option to purchase Bitcoin. ...
- B. Buy Bitcoin with Google Pay or Apple Pay. Navigate to buy Bitcoin with USD page on Binance. ...
- C. Third Party Payment.
As the regulatory landscape for cryptocurrency evolves, traders must adapt to ensure a seamless and compliant trading experience. The ban on Binance P2P in India has prompted many to explore alternative platforms, and CoinDhan P2P stands out as a trustworthy solution.
Why is Binance P2P restricted? ›
If we find that a user repeatedly opens transactions without completing payment, has a history of making inappropriate appeals, or requests price changes from the seller, the account may be suspended or even permanently banned from Binance P2P.
How to make $100 a day on Binance? ›
🤑🤑Making $100 Daily on Binance Made Easy! 🤑🤑
- Step 1: Get Started on Binance. ...
- Step 2: Choose the Right Coins. ...
- Step 3: Develop a Trading Strategy. ...
- Step 4: Start with a Small Investment. ...
- Step 5: Practice Risk Management. ...
- Step 6: Stay Informed and Adapt. ...
- Step 7: Learn from Experience. ...
- Step 8: Patience and Persistence.
No. While you can create a Binance account without KYC, you cannot access the vast majority of the products available on Binance, including buying, selling, and trading crypto.
What is the minimum amount to sell on Binance P2P? ›
You can sell from a minimum of 0.01 BTC to a maximum of 5 BTC (200 BTC for merchants) per trade.
Can I withdraw an INR from Binance? ›
The traditional way to withdraw INR from Binance is through the peer-to-peer (P2P) method. While this method is functional, it can be cumbersome, especially for beginners. 2. Limited Withdrawal Methods: Binance may offer limited withdrawal methods for INR, restricting users' flexibility.
Yes, Indians can legally use Binance, a cryptocurrency exchange. In April 2018, the Reserve Bank of India (RBI) issued a circular prohibiting banks from dealing with cryptocurrency exchanges.
How do I use Binance P2P in the US? ›
First, choose from all the available offers in the marketplace. Second, place an order to buy your crypto, and pay the seller based on the preferred payment methods. Lastly, get your crypto from the seller after you complete the fiat transaction and confirm your payment on Binance P2P.
How to transfer money from Binance to Indian account? ›
Initiate withdrawal from Binance
Choose Bitcoin from the list of cryptocurrencies, and when the popup appears, click on Send via Crypto Network. On the next screen, paste the Mudrex wallet address that you copied in Step 1, choose the same network that you chose in Step 1, and enter the crypto withdrawal amount.
How to transfer money to Binance India? ›
Log in to your Binance account and go to [Buy Crypto] - [Fiat Center].
- Under [Deposit], choose [Bank Card].
- Select the currency you want to deposit and [Bank Card] as your payment method. ...
- Enter the amount to deposit and you'll see the amount you can receive after deducting the transaction fee (if any).
After that, you will need to apply for access to the Binance Options platform. Once your application is approved, you will be able to deposit funds into your account and start trading options. There is no minimum deposit required to start trading options on Binance.
Is third party payment allowed in Binance P2P? ›
3️⃣ To comply with regulatory requirements & AML policies, third-party payments are strictly prohibited on #Binance P2P. We prioritize a safe, secure, and compliant trading environment.
Which wallet for P2P Binance? ›
Originally, when users started P2P trading on Binance, they had access to a P2P Wallet. Now, Binance has migrated P2P Wallets to Funding Wallets. Crypto purchased from P2P trading will be transferred to your Funding Wallet. To sell crypto via P2P trading, you need to transfer your funds to Funding Wallet first.
Is PayPal on Binance P2P? ›
In conclusion, while Binance does not support PayPal due to compliance and regulatory considerations, alternatives like Bybit provide a viable pathway for using PayPal in cryptocurrency transactions.
