Cash deposit to your bank is instant and won’t incur extra fees from most banks. If you can’t meet in person, you can filter your search to “Cash Deposit to Bank,” find a suitable offer, negotiate the details, and release your crypto once the buyer successfully deposits cash in your bank account. For example, meet in a secure public place, make sure the transaction is complete before confirming the transaction, and bring a friend with you. Meet with the buyer, receive your cash, and complete the transaction on the Binance P2P platform.īinance P2P will reserve the cryptocurrency locked in the transaction until you confirm the cash receipt and release the crypto.Īlthough our platform has a strict vetting process for merchants who want to post ads with cash-in-person transactions, we still recommend you follow basic safety guidelines for in-person transactions with a stranger. Negotiate with the buyer using Binance P2P’s built-in messenger and agree on a meeting place and time. To get started, filter your search on the marketplace to “Cash-in-Person” payment and find a suitable merchant. However, to post ads with cash offers on our platform, you must be a verified merchant and can apply here. Keep in mind that all users can buy or sell crypto using cash through existing offers. Since October 2020, Binance P2P has offered support for cash-in-person transactions on the marketplace, allowing users to buy and sell cryptocurrencies with a simple cash transaction made in person. If you want to offer “Cash-in-Person” as a payment method, you’ll need to pass additional requirements and become a verified merchant. If you meet the requirements, you can read our step-by-step guide on how to create an ad on Binance P2P. You can create an ad in 3 simple steps, giving you an accessible method to sell Bitcoin your own way.īefore you can post ads on Binance P2P, you must meet the following requirements:Ĭompleted KYC identity verification and SMS authenticationģ0-day P2P order completion rate of at least 80%Ĭompleted P2P trades with at least ten unique counterparties P2P adsīinance P2P includes an ad posting feature for eligible users who want to set their own price and payment method. You can also read this FAQ guide on how to sell crypto on Binance P2P. Read below for the different options to convert your Bitcoin and cryptocurrencies to cash with minimal fees. With more than 700 payment methods and over 100 fiat currencies, Binance P2P makes it easy to find a suitable buyer. How to Convert Crypto to Cash on Binance P2P ![]() If you’re still interested in converting to your local currency, keep reading for our complete guide to converting Bitcoin to cash on Binance P2P. ![]() Register for a Binance Card to spend your crypto at more than 60 million merchants worldwide, or start using Binance Pay to shop with crypto or send crypto to friends and family. At Binance, we offer different ways to pay bills and shop at your favorite stores using crypto, all with zero fees. ![]() Opting to use your existing crypto for daily transactions might be more convenient than going through the hassle of converting it to cash. Using stablecoins helps protect your fiat valuation without incurring additional withdrawal fees.ĭay-to-day transactions. You can explore using a stablecoin like USDT, a 1:1 USD-backed stablecoin. But before you consider selling your crypto, explore all the ways you can hold your crypto instead. In this article, we’ll show you how to convert your Bitcoin and other cryptocurrencies to cash. Trusted by millions of users, Binance P2P is a leading peer-to-peer marketplace where users can sell Bitcoin and crypto for cash using their preferred payment method, currency, and even price - while paying zero fees! If you want to convert crypto funds to cash, Binance P2P offers some of the smoothest methods to sell your Bitcoin and crypto. In this article, we’ll show you the easiest way to convert Bitcoin to cash on Binance P2P, our leading peer-to-peer crypto marketplace. With Binance P2P, you can create your own ads to buy and sell cryptocurrencies, filter for or request in-person cash transactions, use our handy convert crypto feature in select regions, and more.įind out how you can start buying and selling crypto on Binance P2P. ![]() Learn how to convert Bitcoin and other cryptocurrencies to cash on Binance P2P.
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