How to Add Bank Transfer as a Payment Method on Binance P2P | Binance Blog (2024)
Before you trade, you need to log in to your Binance account, and make sure that you have completed Level 2 identity verification. This will help to create a high level of security for your investment and protect your account on the market. If you are not a Binance user yet, register for free and create one in minutes.
Here’s how you can add Bank Transfer as a payment method:
On the app homepage, click on “P2P Trading” to enter the P2P trading page. Click on the “···” icon in the top right corner and choose “Payment settings.”
Click on “Add a new payment method”, and select “Bank Transfer”.
The Send Cash feature now supports Binance P2P, which allows you to trade cryptocurrencies with other users and receive fiat currencies in your bank account or e-wallet.
A bank transfer lets you move money from one bank account to another. It's usually instant, free and done using mobile or online banking, over the phone or in branch.
To link your bank account to Binance, follow these steps: 1) Log in to your Binance account and click on "Wallet" at the top-right corner of the screen. 2) Under the "Deposit" section, select the fiat currency you wish to deposit (e.g., USD). 3) Choose "Bank Transfer" as the deposit method.
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.
Enter your credit card details. Please note that you can only pay with your own credit/debit cards (that are under your name). 5. Enter your billing address and click Add Card .
To use your bank account for buying crypto with ACH, go to the Deposit page on the CEX.IO website, choose USD, and select ACH. Once you click Proceed, you'll get the payment details needed for a successful wire transfer. Remember that the reference and order numbers are different for each new deposit request.
The payer enters the amount they want to send and the payee's email or phone number. The funds are transferred directly from the payer's bank account, debit card, or credit card to the payee's P2P account, usually within minutes. The platforms use a variety of methods to transfer the funds.
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