If you have cryptocurrency on Binance and want to exchange it for hryvnias, dollars, or another currency, a convenient method is P2P trading. This method allows you to directly sell cryptocurrency to other users and receive money on your card.
Step 1: Preparation — Add Your Card
To receive money on your card, add a payment method in advance:
- Open the Binance app or website.
- Go to Profile (the person icon in the top corner).
- Select Payment Settings.
- Click Add Payment Method.
- Choose Bank Card and enter the details.
Important: Use a card that belongs to you, otherwise the transaction may fail.
Step 2: Transfer Cryptocurrency to the P2P Wallet
Before selling, the cryptocurrency must be in the Financial (P2P) Wallet, not the Spot Wallet. To do this:
- Open Wallet → Spot Wallet.
- Click Transfer (not “Deposit”!).
- In the From field, select Spot Wallet.
- In the To field, select Financial Wallet (P2P).
- Choose the coin (e.g., USDT) and enter the amount.
- Confirm the transfer.
Note: There is no commission for this transfer.
Step 3: Find the Best Exchange Rate
Before selling, it’s important to choose the optimal exchange rate since it depends on the transaction amount:
- Go to Trade → P2P.
- Select the Sell tab.
- Specify the currency (e.g., USDT) and payment method (bank card).
- In the list of sellers, pay attention to:
- The selling rate (the higher, the better).
- The minimum and maximum transaction amounts.
- The buyer’s rating and the number of completed transactions.
Tip: Choose trusted buyers with a high number of successful transactions.
Step 4: Initiate the Transaction and Sell
Once you’ve found a suitable option:
- Click Sell.
- Enter the sale amount.
- Confirm the transaction and wait for the money to be transferred to your card.
Note! Money is transferred manually to your card, so it’s important to wait for it and only confirm the transaction after receiving the money.
Step 5: Confirm Receipt of Money
- When the buyer transfers the money, check your card balance.
- Ensure the full amount has been credited.
- Only then click Confirm Receipt.
Important: Never confirm the transaction if the money hasn’t arrived in your account! If there are issues, contact the buyer or Binance support.
Summary
After completing these steps, the money will appear on your card, and the cryptocurrency will be sent to the buyer.
Tip: Save this guide or share it with others who also want to withdraw money via Binance P2P. 