Binance now supports peer-to-peer trading on its website. P2P trading starts today; the users can now buy and sell cryptocurrencies directly from the Binance P2P platform for free. They can further join the Binance P2P Global Merchants Program to earn money from P2P trades.
The Binance CEO Changpeng Zhao says,
P2P trading is a more flexible model for fiat-to-crypto trading and allows users to choose their preferred cryptocurrencies, amount, and payment methods. We see its potential to accelerate crypto access and adoption in a decentralized way. By the end of 2020, we plan to provide Binance P2P trading services to users in over 30 countries.
Along with zero transaction fees and VIP discounts, the Binance P2P users can avail advantages like 24×7 customer care services and complimentary posting of offer ads. Currently, for sale and purchase, Binance P2P supports BTC, ETH, BNB, BUSD, and USDT along with Chinese yuan (CNY), Vietnamese dong (VND), and Russian ruble (RUB).
Users having reliable fiat and cryptocurrency sources can now apply to join P2P Global Merchants Program. The Global Merchant program can assist a top Binance trader in earning $3000-$4000 daily.
It was in October 2019 when Binance launched P2P trading with BTC, ETH, and USDT, which was available for trading against CNY (Chinese Yuan). Binance P2P provided access to Android users with existing Binance accounts. After the launch, since the past five months, Binance P2P has organized over $300 million in trades. Binance P2P primarily aims to expand global crypto adoption by providing direct fiat-to-crypto trade between users and merchants.