C2C (Customer-to-Customer) is a unique peer-to-peer trading method in cryptocurrency exchanges like Binance, where users trade directly while the platform acts as a secure intermediary—similar to e-commerce marketplaces. This guide reveals how to purchase crypto from Binance's verified sellers efficiently.
Why Choose C2C Trading on Binance?
- Zero Fees: Unlike other deposit methods, Binance charges no additional fees for C2C transactions.
- Verified Sellers: Binance certifies trusted merchants with a yellow checkmark badge for safer transactions.
- Popular Payment Options: Supports bank transfers, LINE Pay, and Jkopay (Taiwan-based methods).
Step-by-Step Guide to C2C Purchases
Step 1: Access C2C Marketplace
After logging into Binance, click "Buy Crypto" > "C2C Trading".
Step 2: Select Currency & Payment Method
- Choose your desired cryptocurrency (e.g., USDT, BTC).
- Pick a payment option (e.g., local bank transfer).
Step 3: Enter Amount & Confirm
Input the fiat amount (e.g., 3,000 TWD). The system auto-calculates the crypto you'll receive based on the seller's rate (e.g., 1 USDT = 30.75 TWD).
⚠️ Note: T+1 withdrawal limits may apply.
Step 4: Complete Payment Promptly
Pay within the allotted time (usually 15–30 minutes). Late payments cancel the order automatically.
Step 5: Transfer to Spot Wallet
Once the seller releases the crypto, go to "Wallet" > "C2C Account" and transfer funds to your Spot Wallet for trading.
Step 6: Start Trading
Select the coin, enter the amount, and click "Confirm Transfer" to enable crypto-to-crypto trades.
Key Considerations for C2C Buying
- Seller Limits: Minimum/maximum purchase amounts vary (e.g., 1,000–50,000 TWD). Check details before confirming.
- Price Variations: USDT rates differ among sellers (e.g., 28.1–33.72 TWD/USDT). Compare options.
- Withdrawal Hold: Newly bought crypto requires 24 hours before external transfers.
- Face-to-Face Caution: For cash trades, click "Paid" only after completing the transaction in person to avoid penalties.
FAQ: C2C Trading on Binance
Q1: Is C2C trading safe?
Yes. Binance verifies sellers and escrows funds until both parties confirm the transaction.
Q2: Can I use non-Taiwanese payment methods?
Yes. If your KYC region allows, you can trade with international sellers—watch for exchange rate differences.
Q3: Why is my order canceled?
Common reasons include late payment or seller inventory shortages. Check notifications for specifics.
Q4: How to identify trusted sellers?
Look for the yellow verification badge and check their completion rate/reviews.
Q5: Are there hidden fees?
Binance C2C has zero fees, but payment providers (e.g., banks) may charge separately.
Q6: What’s "coin-margin trading"?
It involves trading between cryptocurrencies (e.g., USDT to BTC), similar to forex conversions.
👉 Ready to start trading? Sign up via Binance now for seamless crypto purchases!
👉 Learn advanced security tips for your Binance account here.
Pro Tip: Bookmark Binance’s C2C trading page for quick access to daily deals from top-rated sellers. Always double-check seller terms and current market rates before committing!