🚀 Training #P2P on #Binance , Part 1: Where to Start?

Are you looking to master crypto arbitrage or just want to scoop up some coins on Binance at a good price? Then welcome to our new daily guide series! Over the next few days, we'll break down everything: from your first trade to tackling complex appeals.

What is #BinanceP2P ?

This is a peer-to-peer platform. Binance acts solely as a safety guarantee: when you open a trade, the seller's cryptocurrency is locked by the system (escrow). You transfer UAH to the seller's card, and only after confirming receipt of the funds does Binance unlock the crypto for you.

This minimizes the risk of fraud if you follow the rules.

Step 1: Account preparation

You will not be able to trade on P2P without verification. Binance strictly monitors security, so make sure you have completed these three points:

1. Complete KYC verification (Intermediate): Provide documents and go through facial recognition. Your full name in the profile must match the documents.

2. Connect SMS and Google Authenticator: Enable two-factor authentication (2FA). This is a critical security layer for confirming withdrawals and trades.

3. Payment method binding: Add a bank card (or account) that you'll use to pay or receive funds.

• ⚠️ IMPORTANT: The card must be registered solely in your name. The names in your Binance profile and your bank must match. Using cards from third parties (relatives, friends) is prohibited and will lead to appeals.

Step 2: First look at the interface

Go to the 'Trading' section -> 'P2P'. Here you will see:

• Tabs: 'Buy' and 'Sell'.

• Filters: Select currency (for example, UAH) and asset (for example, $USDT ). Filter by payment method (Monobank, PrivatBank, etc.) and amount.

• Order books (Announcement list): Each row is an offer from another user (merchant). Pay attention to the number of completed trades and the percentage of successful ones in the last 30 days (look for above 95%).

This is your foundation.

💬 Tomorrow we will dive deep into the most important question: 'How much money do you need to start in P2P arbitrage and how to properly allocate capital?'. Prepare your questions!