Here's a detailed step-by-step written guide for making a deposit into Binance using P2P trading, complete with illustrative screenshots to help you follow along smoothly.

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Step-by-Step Guide: Deposit on Binance via P2P Trading

1. Ensure Your Account Meets Requirements

You must have a verified Binance account (KYC completed) to access P2P trading.

2. Locate the P2P Trading Option

On Web (Desktop): Log in, click “Deposit”, then select “P2P Trading”.

On Mobile App: Tap the Binance logo (top corner), find P2P Trading, or go via “More Services” if it’s not immediately visible.

3. Choose Cryptocurrency and Fiat Currency

Pick the crypto you want (e.g., USDT, BTC, BNB) and select your local fiat currency (e.g., PKR).

4. Select a Reliable Seller

Only trade with Binance-verified merchants (look for a yellow checkmark).

Check their completion rate and number of past trades—higher values mean more reliable traders.

5. Apply Filters and Pick Payment Method

Filter by your preferred payment method (e.g., bank transfer).

Choose an offer that suits your needs in terms of price and limits.

6. Enter Trading Amount

Input either the amount of fiat you wish to spend or the amount of crypto you wish to receive.

Review the seller's min/max allowable amounts if needed.

7. Confirm Purchase and Follow Instructions

Hit the “Buy” button to place your order.

You will be directed to contact the seller—via Binance chat—to complete the transaction.

Binance holds the seller’s crypto in escrow until the process is confirmed.

8. Make Payment to Seller

Transfer the fiat amount using the method specified by the seller, within the allocated time limit.

After sending, tap “Transferred, notify seller”—Binance will then change the order status to “Releasing."

9. Seller Acknowledges and Escrow Releases Crypto

The seller releases the crypto once they verify payment receipt.

Once released, the crypto will appear in your P2P Wallet.

10. Transfer Funds from P2P Wallet to Spot Wallet

Move your crypto from the P2P Wallet to the Spot Wallet to enable trading or other use.

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Quick Summary Table

Step Action

1 Verify Binance account (KYC)

2 Locate P2P Trading (Deposit → P2P or via menu)

3 Select crypto & fiat currency

4 Choose verified merchant with high reputation

5 Filter by payment method, review price and limits

6 Enter amount to buy or spend

7 Place order → contact seller → Binance holds crypto in escrow

8 Make payment → click “Transferred, notify seller”

9 Seller confirms → crypto gets released to your P2P Wallet

10 Transfer crypto to Spot Wallet to use it

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Tips to Stay Safe

Always keep the trade within Binance P2P—going outside removes escrow protection.

Avoid third-party payments—only transact if the sender’s name matches the seller’s Binance KYC name.

If there's a dispute or delay, use the "Appeal" option. Binance support can help resolve issues.

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Final Note

Using Binance P2P is a convenient and cost-effective way to deposit crypto—especially in regions with limited direct fiat options. By following these steps and practicing caution, you can complete deposits safely .