Welcome to Lesson 7 of the Kenya Crypto Magazine Free 8-Week Cryptocurrency Course! In this lesson, we dive into Binance P2P trading—a powerful way to buy and sell crypto directly with other users.
In Lesson 6, we explored the different ways to acquire cryptocurrency, including buying, staking, mining, and airdrops. We also covered how to buy and sell crypto on Binance, one of the world’s leading exchanges.
Now, in Lesson 7, we’ll take a deep dive into Binance P2P trading, specifically how to set ads, become a verified P2P merchant, and protect yourself from scams. By the end of this lesson, you’ll know how to post effective ads, attract buyers and sellers, and conduct secure transactions in Binance’s peer-to-peer marketplace.
📺 Watch the Full Lesson 7 Video Now on YouTube: 👉WATCH HERE.
This lesson will teach you how to create ads, become a verified merchant, and protect yourself from scams while trading on Binance P2P.
📌 Key Topics Covered in Lesson 7:
1️⃣ How to Set Ads on Binance P2P
👉 Binance P2P allows users to create ads to buy or sell cryptocurrencies at their own set prices.
👉 We’ll guide you through the step-by-step process of setting up your first ad, including:
- Selecting the right cryptocurrency and fiat pair
- Setting a competitive price and choosing between floating and fixed pricing
- Defining your trade limits and payment methods
- Customizing auto-replies and trade instructions for smooth transactions
2️⃣ Requirements to Post Ads on Binance P2P
Not everyone can post ads on Binance P2P. To do so, you must:
✅ Complete Identity Verification (KYC) on Binance
✅ Enable 2FA (Two-Factor Authentication)
✅ Have a verified payment method linked to your account
✅ Maintain a good trading history to build trust with other users
We’ll break down each requirement and show you how to fulfill them quickly.
3️⃣ Becoming a Verified Binance P2P Merchant
Binance P2P has a special program for traders who want to increase their credibility and transaction limits.
✔ Benefits of a Verified P2P Merchant:
- Higher visibility in Binance P2P listings
- Lower trading fees and exclusive benefits
- More trust from buyers and sellers
- Access to priority customer support
We’ll guide you on how to apply for Binance’s merchant program and share tips on how to get approved faster.
4️⃣ Guidelines for Posting Ads on Binance P2P
🔹 Posting ads is easy, but following the right strategies ensures success.
🔹 We’ll cover best practices such as:
- Setting competitive prices to attract traders
- Choosing the best payment methods
- Maintaining fast response times
- Handling disputes professionally
Mastering these guidelines will help you gain a strong reputation on Binance P2P.
5️⃣ Common Binance P2P Scams & How to Avoid Them
🚨 Binance P2P is a safe platform, but scammers are always looking for loopholes.
🚨 Learn how to identify and protect yourself from:
- Fake payment proof scams
- Chargeback fraud (where buyers reverse payments after receiving crypto)
- Fake KYC documents used to trick sellers
- Man-in-the-middle scams where an attacker manipulates two users into trading
We’ll teach you practical security tips to trade safely and keep your funds secure.
📌 Missed the Previous Lessons?
✅ Lesson 1: Introduction to Crypto & Blockchain
✅ Lesson 2: Understanding Cryptocurrency & Wallet Security
✅ Lesson 3: Navigating Trust Wallet & Transactions
✅ Lesson 4: Understanding Crypto Exchanges, Binance, and Security Measures
✅ Lesson 5: How to Analyze Crypto Metrics & Navigate Aggregators
✅Lesson 6: How to Acquire Crypto & Buy/Sell on Binance
🚀 What’s Next? Get Ready for Lesson 8! In Lesson 8, we will explore Setting up metamask on phone and as a PC extension
💡 Have Questions? Drop a comment or join our crypto community for expert support!
📲 Stay Updated!
🔴 Subscribe on YouTube: @KenyaCryptoMagazine
🐦 Follow on Twitter (X): @_KenyaCryptoMag
📸 Follow on Instagram: @KenyaCryptoMagazine
💬 Join Our WhatsApp Crypto Community: Click Here
🚀 Ready to Master Binance P2P Trading?
This lesson will help you become a profitable and secure P2P trader!
Views: 22
