How to Buy USDT on Binance P2P Using M-Pesa
How to Buy USDT on Binance P2P Using M-Pesa
Cryptocurrency trading has gained immense popularity in recent years, and stable coins like USDT (Tether) have become a preferred choice for many traders due to their stability. Binance, one of the world's largest cryptocurrency exchanges, offers a Peer-to-Peer (P2P) platform where users can buy and sell cryptocurrencies directly with each other. For those in Kenya and other regions where M-Pesa is prevalent, buying USDT on Binance P2P using M-Pesa is straightforward and convenient. Here’s a step-by-step guide to help you navigate the process.
Step 1: Create a Binance Account
Sign Up: Visit the Binance website or download the Binance mobile app from the App Store or Google Play Store.
Register: Click on "Register" and fill in the required details. Use a valid email address and create a strong password.
Verification: Complete the necessary identity verification (KYC) to unlock all features of the Binance platform.
Step 2: Access the P2P Platform
Log In: After registering, log in to your Binance account.
P2P Section: Navigate to the "Trade" tab on the top menu and select "P2P" from the dropdown options.
Step 3: Set Up Your Payment Method
Payment Settings: Click on "More" at the bottom of the P2P page and select "Payment Settings."
Add Payment Method: Click on "Add a Payment Method," then choose M-Pesa.
Details: Enter your M-Pesa details accurately. This will be the phone number associated with your M-Pesa account.
Step 4: Find a Seller
Buy USDT: Go back to the P2P page and select the "Buy" tab.
Filter Options: Use the filter options to set the fiat currency to KES (Kenyan Shilling) and the payment method to M-Pesa.
Select Offer: Browse through the list of available offers and choose a seller with a good rating and a favorable price. Click "Buy" next to their offer.
Step 5: Complete the Transaction
Enter Amount: Enter the amount of KES you want to spend or the amount of USDT you want to buy.
Place Order: Click on "Buy USDT" to place your order. This will lock the seller's USDT in escrow.
Make Payment: Follow the instructions provided to transfer the funds via M-Pesa. This typically involves sending money to the seller's M-Pesa number.
Confirm Payment: After making the payment, click on "Transferred, Next" and then "Confirm" to notify the seller.
Step 6: Receive Your USDT
Release USDT: The seller will confirm receipt of your payment and release the USDT from escrow to your Binance wallet.
Check Wallet: Go to your Binance wallet to confirm that the USDT has been deposited.
Tips for a Smooth Transaction
Verify Details: Always double-check the seller’s payment details before sending money.
Communication: Use the Binance P2P chat feature to communicate with the seller if needed.
Be Prompt: Complete your payment and confirm it promptly to avoid any delays.
Customer Support: If you encounter any issues, contact Binance customer support for assistance.