What is P2P transfer in Binance?

Binance P2P is a peer-to-peer marketplace where you can directly trade crypto with other Binance users . Binance P2P facilitates crypto transactions in your preferred payment method, local currency and price.

By verifying all Binance P2P users, we are able to provide a layer of security for your transactions . Once the verification process is complete, it only takes a few clicks to make your first transaction.

There will no longer be a P2P Wallet entry , including the navigation and wallet list on the left side of the wallet overview page. The crypto purchased via Binance P2P will directly be transferred to the Funding Wallet. When users sell crypto via Binance P2P, the funds will be deducted from their Funding Wallets.

Open your Binance App, and tap [Wallets] – [Overview] – [Transfer] . You can also log in to your Binance account on Binance website, and tap [Wallets] – [Overview] – [Transfer]. 2. Choose [Funding] as the destination wallet, the type of crypto you want to transfer, and enter the amount.