Binance C2C (also known as P2P) trading is the most popular withdrawal method for Chinese users, allowing you to sell cryptocurrency directly to other users for CNY. If you don't have an account yet, register on Binance now, and we recommend downloading the Binance APP for convenient trading anytime.
Preparations Before Selling
Before selling cryptocurrency, there are a few things to complete first. Make sure your Binance account has passed identity verification (KYC), which is a prerequisite for using C2C features. Additionally, you need to add a payment method in your account security settings — at least one bank card, Alipay, or WeChat payment information. The name on your payment method must match your KYC-verified name.
It's also recommended to use a dedicated bank card for receiving C2C transaction payments. This card should ideally not be your daily-use salary card or credit card, so even if a card freeze occurs, your daily life won't be affected.
Detailed Steps to Sell Crypto via C2C
Preparation: Ensure your Binance account has completed identity verification and that your funding wallet has available cryptocurrency. If your coins are in your spot account, you'll need to transfer them to your funding account first. This transfer is done on the "Wallet" page in the APP — select "From Spot Account to Funding Account," enter the amount, and it's free and instant.
Select Sell: Open the Binance APP, tap "Trade" > "P2P Trading," and switch to the "Sell" tab. Choose the cryptocurrency you want to sell (USDT is recommended for the best liquidity and most buyers), and select your payment method (bank card, Alipay, or WeChat).
Choose a Buyer: The system will display a buyer list. Focus on these metrics: whether the price is reasonable, the buyer's trade volume and completion rate, and whether they're a verified merchant. Try to choose buyers with high volume and completion rates. Compare at least 3-5 buyers' offers — don't just look at the first one. Verified merchants (blue badge) are generally more reliable and pay faster.
Place the Order: Enter the amount or quantity you want to sell, and confirm. The system will lock your cryptocurrency. Once this step is complete, your USDT will be frozen until the transaction is completed or cancelled. Then wait for the buyer to pay.
Confirm and Release Coins: Once you've confirmed that your bank card or payment tool has received the funds (always verify in your banking app — don't rely on screenshots alone), click "Confirm Release" to complete the transaction. This is the most critical step — make sure your bank account balance has increased by the corresponding amount. Don't rush to release coins because the counterparty is pressuring you, and don't assume the payment has arrived based on a single SMS notification.
Timing and Amount Tips for Selling
About Amounts: It's recommended to keep individual sale amounts within a reasonable range to avoid triggering bank risk controls with large one-time withdrawals. If you need to sell a large amount, split it into multiple transactions over different time periods.
About Timing: Sell during active trading hours when there are more buyers and competitive pricing, which usually results in better offers. Weekday daytime hours (9:00-21:00) are the most active trading periods, while weekends tend to be quieter.
Handling Common Issues
If a buyer doesn't pay within the specified time, the order will automatically cancel, and your coins will be unfrozen and returned. If a dispute arises, you can click the "Appeal" button to have Binance customer service intervene. Keep communication within the chat window during the transaction and never perform any operations outside the platform to protect your funds.
If you receive payment but the amount is incorrect (overpaid or underpaid), don't rush to release coins — communicate with the buyer through the chat window first. Releasing coins when the amount is wrong could lead to subsequent disputes.
Tips
When selling, it's best to operate in batches, keeping each amount within a reasonable range. Trade during peak hours when more buyers mean better prices. Don't immediately transfer all received CNY to other bank cards — let the funds sit in the card for a while to reduce the risk of being flagged by risk controls.
If you frequently need to sell and withdraw, consider becoming a C2C merchant and posting your own ads. This way you can set your own prices and have more control, though you'll need to stay online to process orders promptly.