As an experienced crypto expert and trader with many years of experience, I am constantly looking for reliable ways to work with cryptocurrency on exchanges. One of the key tasks of any trader or investor is fast, safe and profitable replenishment and withdrawal of funds . This is what I will talk about in this material, using the example of working with Binance , one of the most popular crypto exchanges in the world.
Here you will learn how to buy cryptocurrency without commissions , how to safely top up your balance via P2P, what to look for when choosing a seller, how to transfer funds to a spot wallet for trading, and how to withdraw profits to a bank card.
Why is it important to have an account on Binance?
To trade cryptocurrency, invest, or earn passively, you need to have an account on Binance . Without it, no transaction will be possible.
I always recommend registering through affiliate links that give a lifetime discount on trading commissions , which allows you to save hundreds and even thousands of dollars when actively trading. For example, through my link you get a bonus and automatically save on commissions.
My experience shows that setting up an account correctly at the beginning saves a lot of time and money in the future.
Balance replenishment via P2P: commission-free and safe
The most profitable and easiest way to replenish is the P2P platform Binance . Here you buy cryptocurrency directly from other users , and the exchange acts as a guarantor of a successful transaction.
Replenishment steps:
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Go to Assets → Replenishment → P2P .
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We add our card details via "Profile → Payment method → Add new method". This is necessary for quick withdrawals in the future.
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Choose a cryptocurrency to buy. I always recommend USDT or USDC , because it is a stable coin, the exchange rate of which is tied to the US dollar.
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We choose the bank from which we will transfer funds. For example, I use Monobank .
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Enter the purchase amount, taking into account the minimum and maximum limit of the seller's ad.
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We pay attention to the seller's rate and rating . It is better to choose those who have a larger number of transactions and a high percentage of execution.
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Click "Purchase", transfer the amount to the seller's card and confirm the transfer in the chat.
In a few minutes, the cryptocurrency will be credited to your replenishment , after which you can transfer it to a spot wallet for trading.
From my own experience, I have learned that P2P transactions are the most reliable for initial deposits, as Binance guarantees a successful transaction.
Transferring funds to a spot wallet
To start trading or investing, you need to transfer USDT from your deposit account to your spot wallet . This is done as follows:
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Tab "Assets → Replenishment → Spot Wallet".
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Select the USDT amount and confirm the transfer.
Now you are ready to buy BTC, ETH or any other cryptocurrency. I always recommend starting with small amounts to test the market and test the mechanics of orders.
Withdrawing funds from Binance to a bank card
If you have made a profit and want to transfer it to a card, the process is almost identical to replenishment, only in reverse:
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We add card details in advance.
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"Sales → P2P" tab.
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We select the cryptocurrency to sell (usually USDT).
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We indicate the bank to receive funds.
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Enter the sale amount and choose an ad with a high rating and a large number of successful transactions.
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Click "Sell", transfer the amount and wait for confirmation.
Always check that the funds have actually been credited to your card before clicking "Payment received." This minimizes the risk of fraud.
Criteria for choosing a P2P seller
To ensure that operations are safe and profitable, I pay attention to:
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The more profitable the course
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Seller rating – it is desirable that it be high and with a large number of transactions.
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Limits – the minimum and maximum purchase amount should suit your needs.
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History of transaction execution – 100% transaction execution guarantees reliability.
I have been using these criteria for many years and have never had any problems with P2P transactions.
Pros and cons of P2P on Binance
Pros:
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No commissions for replenishment and sale of cryptocurrency.
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Transactions are guaranteed by the exchange.
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The ability to quickly replenish your balance and start trading.
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Simple and clear interface.
Cons:
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You should carefully check the seller's ad.
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Requires additional time to confirm the transfer.
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Not all banks are supported for instant transfers yet.
Typical mistakes of beginners
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Do not add card details in advance, which delays transactions.
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Ignore minimum and maximum transaction limits.
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Choose sellers with a low rating or a small number of transactions.
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Do not check the transfer amount in the P2P chat.
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Giving in to offers to bypass a P2P platform is risky.
I always recommend strictly following Binance's rules to avoid security issues.
Safety tips
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Use 2FA and strong passwords.
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Check the details before each transaction.
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Use only the official Binance website or app.
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Do not accept offers outside the P2P platform.
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Follow the instructions for verifying payments carefully.
FAQ
Question: Is it possible to top up the balance without a commission?
Answer: Yes, via P2P without a commission.
Question: Which cryptocurrency should I choose for replenishment?
Answer: I recommend USDT or USDC , as they are stable and pegged to the US dollar.
Question: Can I use any bank?
Answer: Yes, but the bank must support P2P transfers.
Question: How long does it take for funds to be credited?
Answer: Usually a few minutes after the transfer is confirmed.
Conclusion
In my opinion, P2P on Binance is the most convenient and secure way to deposit and withdraw cryptocurrency . It allows you to save on commissions, quickly start trading, and work with any assets on the exchange.
I recommend all beginners and experienced traders to add their card details in advance, choose USDT or USDC for transactions, and carefully monitor the seller rating. This way you can quickly replenish your balance, transfer funds to a spot wallet, and start trading or investing without unnecessary risks.
My experience shows that following these simple rules makes P2P not only safe, but also as effective as possible for any trader.