Binance P2P lets Indian buyers purchase crypto directly with peers in rupees, settling payments through UPI, IMPS, NEFT or RTGS instead of a bank transfer to a foreign exchange. You agree on a price with a verified merchant, transfer INR directly to their Indian bank or UPI ID, and Binance holds the crypto in escrow until the seller confirms. To start, sign up for a Binance account, complete identity verification, and open the P2P app.
🚀 Create Your Binance Account (Fee Discount)Before paying, always check the merchant's completion rate, order count and average release time, and never send a deposit to avoid the escrow system. Confirm the seller's bank name matches the one shown in the order page — a mismatch is the most common scam signal. Split larger purchases across several merchants to reduce single-counterparty risk, and enable your account's two-factor authentication plus the anti-phishing code. Screenshot every step, and remember P2P prices differ from the live market price because of merchant markup.
Yes. Binance P2P supports INR payments through UPI IDs as well as IMPS, NEFT and RTGS. Always pay only to the details shown inside the order page, never to information a seller sends in chat.
Binance locks the seller's crypto in escrow when the order is created. It is released to you only after you mark the order as paid and the seller confirms. This reduces the risk of sending INR without receiving crypto.
Binance does not charge buyers a fee for placing P2P orders. Instead, the exchange rate includes the merchant's markup, so compare the final INR price per unit across several merchants before committing.
Keep payment proof in the order's chat and open an appeal. Binance support reviews the transaction records and released crypto where the evidence supports the buyer. Never cancel a paid order to reclaim money.
Some Indian banks and UPI apps restrict transactions they associate with crypto activity. Using your own verified account, trading only with established merchants, and keeping records helps if a payment is questioned.