To become a seller on Binance, the procedure depends on whether you want to simply sell your own cryptocurrencies occasionally or become a professional P2P merchant with a verification badge.
1. Sell your cryptocurrencies (Occasional Seller)
This is the simplest method to withdraw money to your bank account or mobile money via Binance P2P:
Verification: Your account must be fully verified (KYC).
Transfer: Transfer your crypto (e.g., USDT) from your "Spot Wallet" to your "Funding Wallet."
Sale: Go to the P2P tab, select Sell, choose the crypto and local currency, then select a buyer's ad that matches your payment method.
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Binance P2P
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2. Become a 'P2P Merchant' (Professional Seller)
To obtain the yellow badge (increased credibility) and be able to publish your own buy/sell ads:
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Binance
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Eligibility criteria:
Account older than 30 days.
SMS and email authentication enabled.
Solid trading history (often 20 to 50 completed orders in the last 30 days).
Deposit: You need to deposit a certain amount in USDT (often between 1,000 and 3,000 USDT depending on the region) into your funding wallet as collateral.
Application: Go to the P2P user center and click on 'Become a merchant' to submit your application. The review usually takes up to 14 business days.
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Security advice: Never release your cryptocurrencies before you have actually received and verified the money in your bank account, even if the buyer sends you a 'proof' of payment.
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Binance
Would you like to:
Know the exact amount of deposit required for your country?
Know how to set up your payment methods (Orange Money, bank transfer, etc.)?
Understand how to set your prices to be profitable?
AI responses may contain errors. For financial advice, consult a professional.