Cryptocurrency trading has become increasingly accessible, especially with platforms like Binance offering user-friendly options for converting fiat currency into digital assets. One of the most popular methods is C2C (peer-to-peer) trading, which allows users to directly buy or sell crypto using local payment methods such as bank transfers, Alipay, or WeChat Pay. If you're new to this process and wondering how to buy BTC, ETH, USDT, or BNB with fiat — or how to cash out crypto for local currency — this guide will walk you through every step clearly and securely.
Whether you're looking to enter the crypto market for the first time or want a seamless way to convert your holdings back into spendable money, C2C trading on Binance offers flexibility and convenience. Let’s dive into the complete流程 — now fully optimized for clarity, safety, and ease of use.
Prerequisites for C2C Trading on Binance
Before you can start buying or selling cryptocurrency via C2C, there are three essential requirements:
- Register a Binance Account
Visit the official Binance website or download the app from the official source to create your account. Make sure you're using a trusted connection and enable two-factor authentication (2FA) for added security. - Complete KYC Verification
You must complete Know Your Customer (KYC) identity verification. This step confirms your identity and unlocks full access to trading features, including C2C transactions. - Link a Valid Payment Method
Add your personal banking details, Alipay, WeChat Pay, or other supported payment channels. These will be used to send and receive funds during trades.
Once these steps are complete, you're ready to begin trading.
Step-by-Step Guide: Buying Cryptocurrency via C2C
Step 1: Open the Binance App and Navigate to C2C
After logging in, tap the "More" option on the homepage (usually indicated by an icon with three dots or a menu label). From the dropdown or expanded menu, select "C2C Buy Crypto".
🔍 Tip: The interface may vary slightly between iOS and Android, but the core navigation remains consistent.
Step 2: Understand the T+1 Withdrawal Rule
You’ll see an important notice about a T+1 withdrawal restriction. This means any cryptocurrency purchased through C2C cannot be withdrawn for 24 hours after the transaction is completed.
This rule is in place to prevent money laundering and ensure compliance with global financial regulations. It applies only to withdrawals — you can still trade or hold the assets within your account immediately.
👉 Learn how secure crypto platforms handle compliance while protecting user access.
Step 3: Switch to Quick Trade Mode
By default, you may land on the "Custom Offers" tab, which displays various sellers with different rates and terms. For beginners, we recommend switching to Quick Trade mode for a smoother experience.
To do this:
- Tap the current view (e.g., “Custom” or “Favorites”)
- Select “Quick” from the popup menu
Quick Trade simplifies the process by automatically matching you with reliable sellers at competitive prices.
Step 4: Purchase Crypto Using Fiat Currency
In Quick Trade mode:
- Tap “I want to buy”
- Choose your desired cryptocurrency (USDT is pre-selected by default)
- Enter the fiat amount you wish to spend (minimum usually starts around $10–$15 USD equivalent)
For example, entering 100× might mean purchasing 7,200 CNY worth of USDT — depending on current exchange rates and available offers.
Then click “Buy with 0% fees”
Note: While Binance doesn’t charge a fee, some payment methods may have third-party processing costs.
The app will prompt you to choose a payment method (bank transfer, Alipay, etc.). Confirm the transaction and follow through with the payment within the given time limit (usually 15–30 minutes).
Once the seller confirms receipt, your crypto will be credited to your Binance account — subject to the T+1 withdrawal rule.
How to Sell Crypto for Fiat via C2C
Selling works similarly but in reverse:
Step 1: Go to C2C > Sell Crypto
From the same C2C section, switch to “I want to sell”
Step 2: Select the Cryptocurrency and Amount
Choose which coin you’d like to sell (e.g., USDT, BTC, ETH) and enter the amount. The system will show you how much fiat you’ll receive based on current market rates.
Step 3: Confirm and Transfer Funds
If your spot wallet balance is insufficient, Binance will prompt you to transfer funds from another wallet (like Funding or Futures). Once confirmed:
- Click “Sell”
- Wait for a buyer to accept your offer
- After payment is made via their chosen method (bank transfer, etc.), confirm receipt
- Your fiat proceeds are now available in your account
You can then withdraw them to your linked bank account or use them for future purchases.
Core Keywords for Search Optimization
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- Buy cryptocurrency with fiat
- Sell crypto for cash
- Binance C2C tutorial
- How to buy USDT with bank transfer
- C2C crypto trading
- Convert BTC to local currency
- Peer-to-peer crypto exchange
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These reflect common user searches while maintaining readability and relevance.
Frequently Asked Questions (FAQ)
Q: What is C2C trading on Binance?
A: C2C (Customer-to-Customer) trading allows users to buy and sell cryptocurrencies directly with other users using fiat payment methods like bank transfers, Alipay, or WeChat Pay. Binance acts as an intermediary to ensure secure transactions.
Q: Why can’t I withdraw my crypto immediately after buying?
A: Due to anti-money laundering policies, Binance enforces a T+1 rule: crypto bought via C2C is locked for 24 hours before withdrawal. However, you can still trade it on the platform during this period.
Q: Are there fees for C2C trades?
A: Binance does not charge fees for C2C transactions. However, always check if your payment provider (e.g., bank or e-wallet) applies processing charges.
Q: Is it safe to use Alipay or WeChat Pay on Binance C2C?
A: Yes — as long as you follow Binance’s guidelines and never release crypto before confirming payment. Use only verified buyers/sellers with high ratings and avoid external communication.
Q: Can I cancel a C2C trade?
A: If no payment has been made, you can cancel. Once payment starts, cancellation depends on the counterparty’s actions. Disputes should be reported to Binance support promptly.
👉 Discover how leading exchanges protect users during peer-to-peer transactions.
Tips for a Safer C2C Experience
- Always trade with high-reputation merchants (look for high completion rates and positive feedback)
- Never communicate outside Binance’s messaging system
- Double-check payment details before sending money
- Enable two-factor authentication (2FA) on your account
- Report suspicious activity immediately through Binance Support
Final Thoughts
Buying and selling cryptocurrency via C2C on Binance is straightforward once you understand the flow. With proper preparation — including KYC verification and linking trusted payment methods — you can seamlessly convert between fiat and digital assets.
While the T+1 withdrawal rule may seem restrictive at first, it plays a crucial role in maintaining platform integrity and regulatory compliance. And with zero platform fees on many trades, C2C remains one of the most cost-effective ways to enter or exit positions in major cryptocurrencies like USDT, BTC, ETH, and BNB.
Whether you're topping up your portfolio or cashing out profits, mastering C2C trading gives you greater control over your financial journey in the digital asset space.
👉 Explore advanced trading tools that integrate smoothly with peer-to-peer crypto purchases.