How do I start a P2P business on Binance?

Log in to Binance and then click on "Become a Merchant" . Once you've completed your identity verification and SMS or email authentication, you have to deposit a certain amount of USDT in your Funding Wallet before you can apply as a Binance P2P merchant.

How do I receive payment on Binance P2P?

Log in to your Binance account and go to [Pay]. Tap [Receive] - [Payment Link]. 2. Select the cryptocurrency and enter the amount you want to receive .

How to make $100 a day on Binance?

To make $100 a day, you would need a large and active referral network . Binance occasionally offers educational campaigns where users can learn about specific cryptocurrencies and earn small amounts of those cryptocurrencies as a reward. While the earnings are not typically substantial, they can accumulate over time.

Does Binance pay P2P merchants?

Binance P2P offers a user-oriented fiat currency trading platform that allows you to earn profits by posting trade ads and completing P2P trades .

How to get paid through Binance?

To start spot trading on Binance, you'll need to create an account and deposit $1. Once you've deposited your funds, you can start buying and selling cryptocurrencies. One way to make money spot trading is to buy cryptocurrencies when they're low and sell them when they're high .

What payment methods are accepted on Binance?

Binance supports VISA and Mastercard credit and debit cards, as well as Apple Pay and Google Pay .

How do I create a payment link in Binance?

You can create, view and manage your Payment Links in the Binance Merchant Management Platform. Go to [Product] - [Payment Link] - [Create Payment Link] . Firstly, select which Payment Link you would like to create. Fill in the Product information accordingly and select the type (Single or Multiple).

What are the payment methods for Binance P2P?

In addition, Binance P2P supports more than 100 local currencies, so chances are, your local bank and preferred currency are supported. There are three different ways you can buy crypto on Binance P2P using your bank account: conventional Bank Transfer or SWIFT and SEPA for international money transfers .

How to make money on Binance for beginners?

Trading: This is the most common way to earn money on Binance, and it involves buying and selling cryptocurrencies to profit from changes in their prices . Trading can be risky, but it can also be very profitable if done correctly. Staking: Staking is a way to earn passive income with your cryptocurrencies.

Which wallet is used for Binance P2P trading?

Binance P2P Glossary The Funding Wallet is a dedicated wallet for P2P trading, where cryptocurrencies obtained from P2P transactions are stored. Ad: A user-generated offer detailing their price and trading requirements, such as asset type, payment methods, and other terms.

Is Binance P2P merchant profitable?

P2P trading can be a great way to make money , but it is important to understand the risks involved. Here are some tips on how to make more profit on Binance P2P: Set competitive prices. When you post a buy or sell ad, make sure to set a competitive price.

How to start a P2P lending business?

Peer to Peer Digital Lending Platform Management The party in question, whether it is the borrower or the lender, must register on the online Peer to Peer lending platform . The same can be accomplished by providing the P2P Lending Company with the requested information.

How much trading volume is required to become a Binance P2P merchant?

Hold a verified Binance account. Reach a net trading volume* of at least $20,000 equivalent in your local fiat currency on Binance P2P during the Promotion Period. Submit a video of your account transaction history from another P2P platform via this link.

Binance P2P: How To Start Accepting Bitcoin and Crypto Payments For Your Business Or Platform

Key Takeaways

Binance Pay allows small businesses to accept online and in-person Bitcoin and crypto payments.
Users can access Binance Pay and start receiving crypto payments via a new or existing Binance account.
Binance P2P allows users to convert their crypto funds to their local currency, without paying any fees.

Crypto payments are on the rise. Major companies are starting to accept Bitcoin and other cryptocurrencies as payments, in response to growing demand from consumers looking for new ways to spend their crypto funds. If you’re looking for a fast and simple crypto payments solution, Binance Pay might be the perfect solution for your business or platform.

With support for online and in-person payments, in addition to popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), BNB and more, your customers can scan a QR code to pay using the cryptocurrency of your choice. In this article, we’ll walk you through each step to upgrade your venture with Binance Pay. We’ll also show you how to convert your hard earned crypto funds to your preferred local currency using Binance P2P.

How To Receive Crypto Payments Anywhere in the World With Binance Pay

Before we continue, you’ll need to first download the Binance App, register for a Binance account and then complete verification to unlock all our features. If you’ve already finished these steps, we can start setting up your Binance Pay, a contactless, borderless and secure cryptocurrency payment system.

Step 1: Setup Your Pay Wallet

Login to your Binance account, go to your profile, select [Pay] and then press [Open Binance Pay].
See Also
How To Transfer Cryptocurrency From Binance To Coinbase How to Move Coins From Binance to Coinbase Wallet How to Send Cryptocurrency From Binance to Another Binance Account How to Transfer From Binance to Coinbase Account
Create your unique Binance Pay nickname. Remember, you won’t be able to change it afterward so choose wisely.
Safeguard your account with a six-digit PIN and voila, you’re all set.

Step 2: Receive crypto payments in two ways

Generate QR Code. You can tap the QR code scanner on your homepage to generate a unique QR code you can send to your customers. You can also set your QR code to receive your preferred cryptocurrency. You could use USDT, BTC, BUSD, BNB and ETH if you want to convert to cash with zero fees on Binance P2P.
Binance Pay ID. Tap the QR code scanner on your homepage and then copy your Pay ID. You’ll send this pay ID to your customers.

How to Convert Your Crypto to Cash with Binance P2P

You can access your crypto payments in your funding wallet, which you can use with Binance P2P, our peer-to-peer marketplace. Binance P2P lets you sell your crypto funds for your preferred local currency. You can set your preferred payment method and price, while paying minimal fees. Our peer-to-peer marketplace supports more than 300 payment methods and more than 70 fiat currencies. Follow our step by step guide below to convert your crypto payments to cash with zero fees:

Step 1: Visit the P2P marketplace

Select [P2P Trading] on the Binance homepage and then select [Sell].

Please note: Binance P2P supports USDT, BTC, BUSD, BNB and ETH trading pairs for all fiat, or local, currencies. Depending on the market you are in, Binance P2P may also support DAI, ADA, DOGE, BIDR and SLP tokens.
See Also
How to add Binance Smart Chain to MetaMask

Step 2: Find a suitable buyer

Browse the available ad postings and find a buyer that suits your needs.

First-time users would do well to trade with verified merchants only, which can be identified by their yellow badge or purple diamond next to their name.

Step 3: Convert your crypto

Once you’ve found a suitable buyer, enter the quantity you want to sell and your preferred payment method. Press [Sell] and wait for the buyer to release payment.

Make sure you’ve received the funds from the buyer before you finalize the transaction and release your crypto assets.
If you have not received money, please DO NOT release crypto to avoid potential financial losses. Only mark the transaction complete if you have received your money.

Ready To Add Crypto Payments to Your Business or Platform?

If you’re looking to take your business to the next level, you can start by registering for a Binance accountand then completing account verification. Once you’ve set up your Binance Pay, you can start accepting crypto payments via QR code. Plus, instantly convert your crypto payments to cash anytime, anywhere with Binance P2P.

If you want to learn more, you can refer to the articles below:

(Blog) Binance Pay: Borderless Crypto Payments
(Support) How to Setup a Binance Pay Account
(Support) How to Receive Payments in Binance Pay
(Support) How to sell crypto on Binance P2P (Desktop)
(Support) How to post a trade advertisem*nt on Binance P2P

The article has been edited on June 23, 2022.

Binance P2P: How To Start Accepting Bitcoin and Crypto Payments For Your Business Or Platform | Binance Blog (2024)