How to use Binance P2P if you’re in Ethiopia.

Binance P2P is a peer-to-peer trading platform that allows Binance users to buy and sell cryptocurrencies directly with other users. The platform supports a wide range of payment methods, including bank transfers, mobile money, and online wallets. If you’re in Ethiopia, you can use Binance P2P to buy and sell cryptocurrencies safely and conveniently. Here’s how to get started:

Step 1: Sign up for a Binance account

The first step to using Binance P2P is to sign up for a Binance account. To do this, go to the Binance website and click on the “Register” button. You’ll be prompted to provide some basic personal information, such as your name and email address. Once you’ve entered your details, click on the “Create Account” button.

Step 2: Complete the verification process

To use Binance P2P, you’ll need to complete the identity verification process. This involves providing some additional personal information, such as a government-issued ID and a selfie. To do this, log in to your Binance account and click on the “Verify” button. You’ll be prompted to provide the required information and submit the necessary documents.

Step 3: Set up your payment method

Binance P2P supports a wide range of payment methods, including bank transfers, mobile money, and online wallets. To use Binance P2P, you’ll need to set up your payment method. To do this, go to the “Buy Crypto” page on Binance and select the payment method you prefer. Follow the prompts to set up your payment method.

Step 4: Find an offer or create your own

Once you’ve set up your payment method, you can start using Binance P2P to buy or sell cryptocurrencies. To buy or sell, you can either find an existing offer that matches your needs or create your own offer.

To find an offer, go to the P2P trading page on Binance and select the cryptocurrency you want to buy or sell. You’ll see a list of existing offers from other Binance users. You can filter the offers by payment method, currency, and other criteria to find an offer that suits your needs.

If you can’t find an offer that matches your needs, you can create your own offer. To create an offer, click on the “Create an ad” button on the P2P trading page. You’ll be prompted to enter the details of your offer, such as the amount of cryptocurrency you want to buy or sell, the payment method you prefer, and your desired exchange rate.

Step 5: Initiate the transaction

Once you’ve found an offer or created your own, you can initiate the transaction. You’ll be prompted to confirm the details of the transaction, such as the amount of cryptocurrency and the payment method. If everything looks good, you can proceed with the transaction.

Binance P2P provides a chat function that allows you to communicate with the other party involved in the transaction. You can use the chat function to coordinate the details of the transaction, such as the payment and the transfer of cryptocurrency.

Step 6: Complete the transaction

Once the payment is confirmed, the cryptocurrency will be transferred to your Binance account. You can then withdraw the cryptocurrency to your personal wallet or use it to trade on the Binance exchange.

In conclusion, Binance P2P is a convenient and secure way to buy and sell cryptocurrencies in Ethiopia. By following the steps outlined above, you can start using Binance P2P to buy and sell cryptocurrencies in no time. However, it’s important to exercise caution and follow best practices when using Binance P2P. Only trade with reputable sellers with good ratings, and always double-check the details of the transaction before proceeding. Additionally, be aware of potential scams and phishing attempts, and always report any suspicious activity to Binance support. By taking these precautions, you can use Binance P2P to safely and effectively buy and sell cryptocurrencies in Ethiopia.