Now that you’ve filtered your homepage, you’ll be able to identify block trade merchants by the purple diamond next to their username. In this section, you can also filter by payment method and amount of currency. Please note: P2P Block Trade zone is currently available in INR, HKD, NGN, VND, PHP and IDR markets.Ĭreate search filter: Press the filter icon on the top right of the P2P homepage to only show ads from verified merchants. You can click the zone to view all available block trade ads in your local currency. Please note: Block trade orders require at least an equivalent value of $50,000 US dollars.īlock Trade Zone: Binance P2P has three different trading zones on the mobile app: Express, P2P, and Block Trade. There are different ways you can find block trade ads on our marketplace homepage: create a search filter or visit our Block Trade Zone. For those already experienced with block trades, you can read our requirements to become a verified merchant on Binance P2P. Now that you understand the fundamentals of block trades, here are the steps to making your first block trade on Binance P2P. Trade Bitcoin on the Binance P2P Block Trade Zone Every trade on Binance P2P lets you easily contact and communicate with your trading counterparty, ensuring a smooth and fast transaction. You agree to a fixed price, but the market suddenly moves drastically, and now your funds are tied up. Our marketplace provides strictly-vetted verified merchants, industry-leading escrow service and a responsive customer service team in the event of a dispute or an appeal.Ĭapital tie-up: The last thing you want to happen is a significant market movement in the middle of your block trade. Fortunately, user security is a top priority at Binance P2P. You don’t want to get caught trading with scammers, malicious parties or fraudulent platforms. Security: Due to the P2P nature of block trades, it’s vital that you transact on a trusted platform with an experienced block trade merchant. At Binance P2P, you can choose from more than 700 payment methods and 100 local currencies. Preference: Peer-to-peer marketplaces let you trade on your terms, with your preferred payment method and local currency. With peer-to-peer marketplaces like Binance P2P, you can easily make large-volume crypto trades with zero fees. Zero fees: No crypto trader likes exchange-commission fees, especially if they start eating into your profits. This results in your trade slipping in value and selling at a lower price than desired. For example, you set a sell order at $8, but only a few buyers match your order. Minimize slippage: If you try to make a large transaction on the Spot market, there’s a high probability you’ll encounter problems like slippage. To give you a closer look, we’ve outlined a complete list of the advantages and disadvantages of block trades below. However, block trades may not be suitable for your trading needs. Block Trade Pros and ConsĪs mentioned before, block trades are a convenient way of buying or selling a sizable amount of cryptocurrency. Get started by creating a Binance account, or you can read on to learn more about block trades, how to place them and how to become a block merchant. We offer a secure platform that lets you quickly buy or sell large amounts with verified block merchants in more than 700 payment methods and 100 local currencies. If you’re interested in making a large crypto transaction, try Binance P2P, the number one crypto peer-to-peer (P2P) marketplace worldwide. Find an experienced third-party intermediary and set an agreed price and amount you want to buy or sell. The fundamentals for crypto and stock block trades are similar. Cryptocurrency traders often rely on block trades to offload or buy large amounts of Bitcoin or other cryptocurrencies. However, this type of trading isn’t exclusive to equities. In traditional markets like the stock exchange, block trades involve 10,000 shares or more. Looking to buy or sell a large amount of crypto? Learn more about block trades and how you can safely trade crypto in bulk according to your preference.īlock trades are large trades with a fixed price made between two parties. Block trades are large trades made between two parties.īlock trades are a convenient way of buying or selling a sizable amount of cryptocurrency.īinance P2P is a secure platform that lets you quickly buy or sell large amounts of Bitcoin and other cryptocurrencies with verified block merchants.
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