Want to convert crypto profits to cash? P2P trading is the way. sign up for Binance with verification complete, then download the Binance APP for mobile access.
The Process
Overall Flow
If holding BTC/ETH/etc., first swap to USDT, then sell via P2P for fiat to your bank account.
Step 1: Convert to USDT
Use spot trading or Convert to swap your crypto to USDT.
Step 2: Transfer to Funding Account
C2C uses the funding account. Transfer USDT from spot to funding: Assets > Transfer.
Step 3: P2P Sell
Find P2P Trading > Sell tab > select USDT.
Step 4: Choose a Buyer
Select based on: reasonable price, high volume/rating, your preferred payment method.
Step 5: Confirm and Wait
Enter sell amount, confirm. USDT goes to escrow. Wait for buyer's payment.
Step 6: Release
After confirming receipt in your bank app, tap "Confirm Release."
Safety
- Always verify receipt before releasing — check bank balance, not screenshots
- Choose verified merchants with good ratings
- Keep records of all transactions
Other Methods
- Withdraw to platforms supporting direct fiat conversion
- Some regions offer one-click sell features
FAQ
P2P fees? Free for regular users. Minimum amount? Varies by buyer listing, usually starts from small amounts. How long to receive payment? Usually minutes to an hour.