As a leading cryptocurrency exchange globally, Binance provides us with extremely convenient "Quick Buy" and "C2C Trading" features, allowing users to easily purchase digital currencies just like shopping on Taobao. This article will provide you with an ultimate guide of over 2500 words, teaching you step-by-step how to quickly and safely purchase USDT (Tether), the "universal stablecoin" in the cryptocurrency world, through Binance's C2C trading area.
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Trading on Binance supports virtual asset transactions such as BTC and USDT, and binding an invitation relationship during trading can earn you rebates. There is usually no explicit expiration date, but rewards related to specific promotional activities may have deadlines. You can receive rebates by binding the invitation relationship after registration.
If you do not have a Binance account yet, you can register on the official website using the invitation code above to reduce trading fees. Now, let's discuss in detail how to quickly purchase stablecoins on Binance.
Binance C2C USDT Purchase Tutorial
When buyers purchase coins, they need to make payments according to the payment methods provided by the seller on the trading page. After completing the payment, please click "I have paid," at which point the seller will release the coins to you.
Open the app homepage and click on the top right corner to recharge/buy coins.
Binance C2C USDT Purchase Tutorial
Enter the buy coin page, where there will be two options: a custom area and a quick area.
What is C2C trading? How is it related to "Quick Buy"?
C2C: Customer to Customer, also commonly referred to as "peer-to-peer" trading. In Binance's C2C platform, Binance acts as a trusted third party, providing information publishing and guarantee services. Sellers (individuals or merchants) post the amount and price of USDT they are willing to sell, and buyers choose suitable orders to purchase from them.
"Quick Buy" feature: This is a simplified process launched by Binance to further enhance the purchasing experience. You can think of it as "intelligent C2C trading." You only need to enter the amount of fiat currency you want to spend (e.g., 1000 RMB) or the amount of USDT you want to purchase, and the system will automatically match you with merchants offering the best prices, completing the entire ordering process with one click, without the need for you to manually filter merchants.
Formulating a buying plan
Taking the quick area as an example, you can choose to buy by amount or by quantity.
The 1X and 2X on the page refer to multiples; for example, if you buy by quantity (minimum 10), then 1X is 10, 2X is 20, and so on. If buying by amount (minimum is 72 RMB), then 1X is 72 RMB, 2X is 144 RMB, and so on.
Formulating a buying plan
Confirming the order
The system will automatically list merchants that meet your amount requirements and offer the best prices.
You can see the merchant's nickname, order completion rate, average release time, and their supported payment methods (such as bank card, Alipay, WeChat, etc.). Choose a merchant with a high completion rate, good reviews, and supports your commonly used payment methods.
After formulating the buying plan, we confirm the purchase order and can choose to pay via WeChat, Alipay, or bank card.
Payment
Make the payment promptly according to the payment information on the page. After completing the payment, click "I have completed the payment, notify the seller." If you forget to click "paid" after payment, the order will time out and be canceled, so remember to contact customer service for assistance.
Verify the order and complete the order
After the merchant receives your payment, they will release the USDT to your Binance account within a short time (usually within a few minutes). You can receive notifications in the app or check the progress in "Orders."
Once the merchant releases the coins, the USDT you purchased will immediately arrive in your Binance "Funds Account" - "Spot Account."
Verify the order and complete the order
The USDT has arrived in your spot account. Now you can participate in:
Holding USDT: As a stable asset for preservation, waiting for opportunities.
Trading other cryptocurrencies: This is the main purpose. Go to "Trade" > "Spot Trading" (or "Standard Version"), search for the cryptocurrency you want to purchase in the trading pairs, such as BTC/USDT, and then use your USDT to buy BTC.
Trading other cryptocurrencies
Participating in Binance Wealth Management: In the "Wealth Management" section, you can deposit USDT into "Yubi Treasure" to earn interest on demand or purchase fixed-term wealth management products for higher returns.
Participating in Launchpad and other new coin subscription activities: Usually requires using BNB or USDT.
Binance Wealth Management
Common Questions about C2C Trading
To ensure that every transaction you make is safe and worry-free, please keep the following points in mind.
What to do if the merchant does not release the coins after payment?
First, stay calm. Check if you correctly clicked "Paid." Then, use the "Contact Merchant" feature within the order page to communicate with the other party. If communication fails, immediately click "Appeal" or "Contact Customer Service," and provide your payment proof (such as a screenshot of the successful transfer from your bank app). Binance's official customer service will intervene to handle it. Binance's C2C trading has a strong guarantee mechanism; as long as your payment proof is clear and valid, your funds are safe.
Why can't I add cryptocurrency information in the remarks when transferring?
This is to comply with regulatory policies in various countries, protecting your and the merchant's payment accounts from being mistakenly judged as suspicious transactions and frozen by the bank's risk control system. Please be sure to comply.
How to get better prices?
In the C2C trading area, different merchants' quotes may have slight differences. Spend some time browsing for price comparisons, or purchase during non-peak trading hours (such as late at night or early morning) to sometimes find merchants with lower prices.
Is there a limit on purchases?
Yes. The limits are set by the merchants, and you can see the minimum and maximum trading limits on the merchant's advertisement. At the same time, your account's KYC level also determines your total fiat trading limit.
Summary
Through the detailed breakdown of this tutorial, I believe you now have a comprehensive and in-depth understanding of how to quickly purchase USDT through C2C trading on Binance. Whether using the extremely simple "Quick Buy" or the more autonomous standard C2C trading, Binance provides us with a safe, efficient, and convenient channel.
Remember, safety comes first: complete KYC, bind your payment method, and promptly click confirm after payment. Efficiency is key: familiarize yourself with the process and prepare in advance, so you can seize opportunities as they arise.