Mexc Fiat Deposit

Are you interested in trading cryptocurrencies and want to learn how to navigate the world of P2P fiat money trading? Look no further than the Binance Desktop Website. In this comprehensive guide, we will walk you through the steps of buying and selling USDT using the P2P Markets feature on the Binance platform.

Step 1: Adding Your Nickname and Payment Method

To get started, log in to Binance and click on “Buy Cryptocurrency” followed by “Settings.” Here, you can add a nickname and your preferred payment method. For example, you can choose to transfer funds via Sberbank Online. Make sure to provide all the necessary details accurately.

Step 2: Buying USDT

Once you’re logged in, click on “P2P Markets” and select the currency you wish to trade. In this tutorial, we will use the Malaysian Ringgit (MYR) as an example. Choose an ad from the available offers that suits your preferences.

Next, decide on the number of USDT tokens you want to purchase or the amount in MYR you would like to spend. Once you have made your selection, simply click the “Buy” button to complete the transaction.

Remember to make the payment to the seller’s bank account within the specified time frame. If needed, you can provide additional transaction details in the message box for clarity. To finalize the process, click on “Payment Completed” and wait for your transaction to be processed, which usually takes around fifteen minutes. You can check the status of your order in the “Recent Orders” section.

Step 3: Selling USDT

If you ever wish to sell your USDT, follow the same steps as above. Click on “P2P Markets” and select the trading currency, which, in this case, is MYR. Choose an ad that matches your requirements from the options displayed.

Once again, you have the flexibility to decide on the number of USDT tokens you want to sell or indicate the desired amount in MYR. Click the “Order” button to initiate the transaction.

After you’ve placed your order, give the buyer some time to make the payment. If the payment is not received within the specified time, you can directly contact the buyer or request assistance to resolve the situation.

Important Notes:

• To receive funds from the sale, you must use your personal bank card.
• Ensure that your bank account is confirmed before receiving funds. After receiving the payment, don’t forget to click on “Confirm Transfer” to transfer the tokens to the buyer. Failure to do so will result in an incomplete transaction.

Please keep in mind that fiat transactions are not automatically completed. Once you’ve made a purchase, transfer the funds to the seller’s bank account using the provided information. It’s crucial to perform the transfer from an account associated with your identity to avoid any delays.

After completing the payment, click on the “Payment Completed” button and patiently wait for up to fifteen minutes for the seller to release your purchased tokens. Cancelling your order within this time frame may result in the forfeiture of your tokens. Remember to regularly check for updated bank account information from the seller before making any transfers.

All USDT tokens acquired through these transactions will be credited to your fiat account. If you want to engage in spot trading, you will need to transfer them to your spot account.

Ready to Move On?

If you’re eager to explore more trading opportunities and learn about earning activities on the Binance platform, visit the Binance Academy Products section. It provides valuable product descriptions and trading tips to help you make informed decisions. Stay updated with the latest news and events by checking out the Binance blog and Binance TV.

Now that you’ve understood the basics of P2P fiat money trading on the Binance Desktop Website, you’re ready to embark on your cryptocurrency trading journey. Start exploring the world of digital assets with Binance today!