Most people immediately picture centralized exchange and intricate charts when they consider bitcoin trading. A lot of people are not aware that there are less complicated methods of trading bitcoin. Additionally, a lot of people use these techniques every day to make money all over the world. 
Figure 1 Binance P2P 
What’s P2P trading?
P2P stands for peer-to-peer, through which a couple of people sell or buy cryptocurrencies directly. Vendors and buyers sign up on a website called a peer-to-peer platform, marketplace, or exchange in this type of trading. They will eventually be able to publish adverts for buying or selling bitcoins with a defined price range and region. 
The process is quite similar to selling items on eBay, Etsy, or Craigslist in that the vendor and the customer negotiate a price directly with each other. But what makes this situation special is that you are buying and selling cryptocurrencies like Bitcoin or Ethereum. 
Think about the scenario when you want to purchase Bitcoin from a local person. In order to get the best trading price and pay with a method that is practical for both of you,
the P2P exchange can assist you in connecting with the appropriate person, at the appropriate time, and in the appropriate place.
Trading P2P on Binance
When it comes to P2P trading, Binance is a great alternative because it provides access to a variety of withdrawal choices, payment methods, and transaction execution timeframes. In order to access the P2P, margin, or futures trading platforms on Binance, users must successfully complete the Know Your Customer (KYC) procedure. You can still deposit tokens into your account even without the KYC.
How Can P2P Trading Be Used to Buy and Sell Cryptocurrencies?
Before making your first transaction on Binance P2P, you must first register an account there and get through the identity verification process.
A screening process that includes identity and business verification is applied to P2P sellers on Binance. By certifying all Binance P2P users, Binance also provides a secure layer of protection for your transactions. 
After the verification process, make your first transaction with only a few clicks.
Purchasing Cryptocurrency on Binance P2P
For Web Users
Figure 3 Binance purchasing account 
After signing into your Binance account, go to the P2P page. Click “Register” and follow the instructions if you do not already have a Binance account.
Enter your password and email address on the signup page. Register by clicking.
Verify your identity, enable SMS verification, and select your preferred payment method.
From the menu bar, you select “Buy Crypto” from “P2P Trading”
Hover your mouse over the “Buy” button next to the cryptocurrency you want to purchase. Select an advertisement, then click the “Buy [cryptocurrency]” button after filtering the pricing and “Payment” options in the drop-down menu. 
Add the amount of fiat money or the total amount of cryptocurrencies you wish to purchase, then click “Buy [cryptocurrency]”.
Confirm the method of payment and total cost. The payment must be made within the exchange-specified window of time. After making the payment, select “Confirm” and then click “Transferred, next.” 
The transaction is complete after the seller releases the cryptocurrency asset. Click “Transfer to Spot Wallet” to send the digital assets to your spot wallet.
After choosing “Transferred, next,” if 15 minutes have passed and you haven’t gotten your crypto asset, you can click “Appeal” and a customer service representative will assist you in completing the transaction. 
Trading Cryptocurrency on Binance
For web Users
Figure 4 selling on Binance 
Click “Buy Crypto” at the top of the menu bar, followed by “P2P Trading.”
Choose a buyer who is providing the best prices and click “Sell” after selecting the cryptocurrency you desire to sell. After selecting an ad and refining the price and “Payment” options in the drop-down box, click “Sell.” 
Click the “Sell” button after entering the amount you wish to sell in either fiat money or cryptocurrency.
A countdown will appear with the phrase “Payment to be made by the buyer” on the transaction.
The transaction status will change to “To be released” once the buyer has made a payment. Please confirm that the buyer sent you money using the payment app or method you choose. 
Press “Confirm release” and “Confirm” to send the cryptocurrency to the buyer’s account after you have verified the buyer’s payment.
The buyer receives the coins in their wallet.
Is Binance P2P safe?
Even though it is not directly involved in the deal, Binance has a system in place to make sure that nobody manipulates or abuses the system. For instance, if you send money and the seller doesn’t release the Bitcoin for whatever reason, you can appeal, and Binance will take on the case to sort out the problems. 
|||“ALEXANDRIA,” 29 10 2022.[Online]. Available:https://coinmarketcap.com/alexandria/glossary/centralized-exchange-cex.|
|||“ALEXANDRA,” 29 10 2022. [Online]. Available: https://coinmarketcap.com/alexandria/glossary/peer-to-peer-p2p.|
|||“BINANCE,” 30 10 2022. [Online]. Available: https://www.binance.com/en/blog/p2p/intro-to-peertopeer-trading-what-is-p2p-trading-and-how-does-a-local-bitcoin-exchange-work-421499824684901839.|
|||“BINANCE,” 30 10 2022. [Online]. Available:https://www.binance.com/en/support/faq/227497e9e2bf4beb958ffc6bb94fbbe8.|
|||“BINANCE,” 30 10 2022. [Online]. Available:https://www.binance.com/en/support/faq/400c38f5e0cd4b46a1d0805c296b5582.|
|||“MUO,” 30 10 2022. [Online]. Available: https://www.makeuseof.com/how-to-buy-bitcoin-binance-p2p/.|