Made some money on Binance and want to cash out? The most common way is to sell your crypto through C2C (also called P2P) trading and have the funds sent directly to your bank card. The whole process is actually quite simple — it may feel a bit nerve-wracking the first time, but just follow the steps. If you don't have an account yet, register on Binance first, then download the Binance APP for a smoother experience.
What Is C2C Trading?
C2C means trading directly between users. You list your crypto for sale, and the buyer transfers fiat currency directly to your bank card or payment app. Once you confirm receipt, you release the crypto. Binance acts as the intermediary platform to ensure transaction security.
Before Selling
- Complete identity verification: You can't use C2C without KYC
- Add a payment method: Go to C2C settings and add your bank card, Alipay, or WeChat
- Ensure funds are in the Funding wallet: If your crypto is in the Spot wallet, you'll need to transfer it to the Funding wallet first
Step-by-Step Selling Process
Step 1: Go to the C2C Page
Open the Binance APP, find "Buy Crypto" or "C2C Trading" on the homepage, tap it and switch to the "Sell" tab.
Step 2: Select the Coin and Amount
Choose the coin you want to sell (usually USDT), then enter the quantity or amount you want to sell.
Step 3: Choose a Buyer
The system will display multiple buyer offers. Pay attention to the following:
- Price: The higher, the better
- Completion rate: Choose merchants with high completion rates
- Trade volume: More trades indicate reliability
Step 4: Confirm the Order
After selecting a buyer, tap sell and confirm the order details.
Step 5: Wait for Payment
The buyer will transfer funds to your linked payment account within the allotted time. Make sure you've actually received the money before releasing the crypto! Don't just rely on SMS notifications — log into your banking app and verify the balance.
Step 6: Release Crypto
After confirming you've received the payment, go back to the order page and tap "Confirm Release."
Things to Keep in Mind
- Don't accept off-platform transactions in chat — complete all operations within the platform
- Never release crypto before receiving payment
- If you encounter issues, tap "Appeal" to have the platform step in
- Save transaction screenshots as evidence during trades
What Are the Fees?
Binance C2C trading itself doesn't charge fees, but different merchants may offer slightly different prices — this price difference is the merchant's profit margin.