Binance P2P Tutorial

How to open Binance Account?
How to verify Binance account?
How to Deposit, Withdraw and Transfer to Binance account?
How to Spot Trade on Binance?
How to do P2PTrade on Binance?
Let's start then....

How to open Binance Account?
Step-01

First you have to click on this link , then you will see a page like the picture below, fill the fields one by one. Then click on Create Personal Account.

Step-02

Then a code will be sent to the email you provided during account creation. If you submit that code in the email verification field, your account creation will be successful.

How to verify Binance account??

Step-01

After your account creation is done correctly, when you login to your Binance Accounts, you will see a page like the image below. Click on Get Started from here. Then click on Get Verified.

Step-02

Then you will see the Personal Information room, enter all the information according to your National Identity Card (NID), enter your name, father's name and date of birth exactly as it is in the NID. However, there is no need to change what is selected in the Nationality room. Enter everything correctly and click on the Continue button. Then you will see the document verification page. Select National ID Easy Verification there, and click on Continue. Then submit with your National Identity Card (NID) number, complete the Document Verification.

Step-03

Then select Current Device on Liveness check page and complete Liveness check Verification.

How to Deposit, Withdraw and Transfer to Binance account?

Binance Mobile Apps Install

We did the work of creating and verifying Binance Account on the computer, but to do the next tasks easily, we will use Binace's Android apps. To install Binace's Android apps, first go to the Google Play Store. Then I will search by writing Binance, then I will install the Binance apps like all other apps.

Deposit

For any Coin Deposit in Binance, first we login Binance Apps and go to Wallet. Then click on Deposit. After that you have to write the name of the coin you want to deposit in the search option. Then clicking on that coin will show a deposit address to deposit that coin in Binance, if you send coins from any other wallet to the address given in Binance, the coin will be deposited in Binance. Below I am sharing Steem coin deposit screenshot.

Withdrawal

For any Coin withdrawal in Binance, first we login to Binance Apps and go to Wallet. Then click on Withdraw. After clicking, you will see 2 options, from there, click on Send Via Crypto Network. After that, you have to write the name of the coin you want to withdraw in the search option. After that, if you click on that coin, you will see some fields there. In those cells, I will write the address to which I want to send the coins. If necessary, I will write the memo and fill everything and click on Withdrawal. After that, an email will be sent to the email address you used on Binance, the email will contain the Withdrawal address and a code, you will check the Withdrawal address again, and copy the code and put it in the email verification room. And put the mobile verification code received from the mobile, then click on submit. The coins will go to your given withdrawal address. You can see whether your withdrawal has been completed or not through Withdrawal History. Below I am sharing Steem coin Withdrawal Screenshot.

Through Send Via Email/phone/id and if we want, we can make Coin/Token Withdrawal on Binance without fee, for that first select Send Via Email/phone/id then select email, phone or ID and fill the fields and click on send button Once done, the Coin/Token will go to the person whose email, phone number or Binance ID you provided. Below I am sharing the Withdrawal Screenshot of BUSD coin via Send Via Email.

Transfer

At Binance, we often need to move the coins or tokens in our wallet from spot to funding or from funding to margin. We have to do this by using Transfer Option. For this, first you have to go to Transfer, then select where you want to take from, then click on Confirm Transfer and the transfer will be completed. Below I am sharing screenshot of Transfer from Sopt to Funding using Transfer option.

How to Spot Trade on Binance?
Step-01

Those of you who have attended all levels of ABB school in my Bengali blog community have seen this very well in level 4. However, here is how to do this on Binance. To do spot trade on Binance, you need to open your account on Binance App or Binance Web. I used Binance App here. Open the app and go to Wallets on the right hand side (bottom).

Step-02

Clicking on Spot will bring up the option of Spot Trade. Search Steem here. Then the Steem/USDT pair will come.

Step-03

If you have USDT in your wallet then you can sell them to buy Steem. If you want to buy Steem then click on Buy and follow the Order book and if you want to sell Steem from here click on Sell option and order by looking at the Order book price.

I hope you have understood this Spot trade. I am giving the Level 04 Lecture Sheet [# Level 04 Lecture Sheet] here. You can also see there. Each Exchange Side works the same way.

How to do P2P Trade on Binance?

Step-01

To P2P Trade from Binance you need to go to Funding Wallet. There you have to click on p2p option.

Step-02

Usdt should be selected in P2P option. There are many sellers. You can buy usdt by cash or bhaksh. However, some caution should be taken here.

Step-03

There are some things you need to keep in mind after clicking on Buy. For example: Payment time limit, seller payment method. Come here and click on By Crypto. Write how much Usdt you want to buy and it will show the price in Bangla Taka in Amount. After that click on Buy With 0 fee.

Step-04

Check all the information here. If everything is OK, click on Make Payment.

Step-05

Here a bkash/cash number will show, there you have to accept the money send and wait. Then the buyer will send the USDT to your account. Then you will check well and make the payment successful. To do this you must complete the transaction through your mail/phone or Google Authenticator code.

last step

Remember here, the USDT sent to you by the buyer will remain in the funding wallet. So you will check the funding wallet. When the USDT is transferred to your account, click on Transfer and bring it to Spot wallet. You can buy Steem from USDT through Spot Trade in Spot wallet.