Hi everyone welcome back to another video. In this video i'm gonna show you how to buy Bitcoin
using uh Binance P2P or Peer to Peer system okay. I'm gonna take you step by step
and you'll see really how easy and quick it is. So um one more thing what you want to do
is you want to be verified first. You want to be intermediate verified okay. And to do that,
it's really easy you you just go you know, you hover on that icon there and then you go to
um identification and then you take it from there you just uh! You just um verify your account or
else you won't be able to use the P2P system okay. And every, the verification is very easy took me
less than three minutes to be verified you know after i uploaded my document. So it was pretty
pretty quick okay. So um my name is Vincent Mbatha and on this channel we focus on crypto related
how-to tutorials okay, and we also focus on ways to earn passive income through cryptocurrencies So
if that's what you'd like to do do go ahead and subscribe to the channel,
you want to hit that notification bell as well So you don't miss out on any videos that i put out,
and also do go ahead and like this video if you find it informative okay. So let's get right into
the video So um this is my dashboard right i'm gonna go you can either go through, you go to buy
crypto and you go to peer-to-peer or you can do it through trade okay. You hover on trade you can see
P2P okay. So either way it'll bring you to the same page and as you can see here,
i like the fact that uh you can basically just type out the amount you know. It's really
quick and they um they you know they locate the the order for you but i'm just gonna you know just
take you through so you understand exactly how to do this. So you can see it's P2P and these uh,
these are the different kind of tokens uh crypto that you can buy okay. So in this
video we're gonna do Bitcoin because we want to buy Bitcoin. So just select BTC there okay.
and then you can see uh these are the people that are currently listed that are selling
okay. So uh one other thing you want to take note of is the fiat here it says
ZAR because that's my local currency in South Africa okay. So for you know if you are located
in Nigeria for example it would be NGN. Then you select it there, all right. So mine is
or any any country as you can see there, okay. So let me just take it back to ZAR
and just So i obviously see the people in my country that are able to do this right now. So
uh So what you want to do from here is right at the top you see basically what the rate
that this person is selling uh the BTC for So as it goes down it gets more expensive
all right as it goes down So just take notes of that and the other thing to to take notes of is
the orders that the person has completed as well as the rating. So as you can see this first one
has done two orders in total and the rating is 100. So they're completed successfully etc and
then you also want to take note of the limit like how much uh that person can release and
how much Bitcoin they have in this case it's 0.0031 and uh that's basically 500 to 1900.
So just just take note of that if you want to do a bigger purchase obviously you'll
choose somebody that you know basically like this one for example it's up to 45 000 Rand
and uh you know it's a much bigger order or much bigger uh bit or much more Bitcoin that
they're willing to to release okay. So i'm gonna go ahead and select uh you know i'm gonna do the
first one also because the order that i'm gonna do is basically like i'm gonna do like 500 So i'll go
i'll go for this one the payment method is is is a bank So what you want to take note of here is just
read the terms and conditions okay. So the terms and conditions are not the same with everyone but
they are pretty, they're pretty straightforward. So um i have 30 minutes to do this uh and then uh
you know the thames it basically says a South African based pro trader who provides fast and
efficient services with good communication. So no chancer is allowed uh trade with confidence
uh. So he uses FNB uh it seems like he uses FNB he says FNB details available on request once trade
contract is created. So strictly FNB bank EFT no cash deposit. So this one just wants a bank
transfer EFT no cash deposit So Some you know other traders do allow cash deposits okay. and
then it says use the trade reference when making a payment and uh making a payment notification
direct from online banking is required for every EFT okay. So send notification So this is the
email basically that we're gonna use to send the payment notification or the proof of payment as
such So and obviously the name should match uh on the the name on the verification should match
the name on on the platform okay. So it should be your own you should use your own bank okay. your
bank account uh So i will not release BTC without the proof of payment reflected in my email etc So
just make sure to go through the the terms and conditions okay. once you are happy with that
i will say 500 and then buy okay. that's what i want to pay for this Bitcoin i'm just gonna use um
i'm just gonna buy with 500 Rand and then now it's gonna bring you here okay. this is
very important just take note of the of the order number So as he said in the uh thames here that we
basically need to use the the order number as a reference okay. So this is the amount that i'm
going to send it's 600 uh this is basically the the rate or the price that is quoting me on uh
per BTC and that's the amounts that i'm gonna get in terms of Bitcoin all right So he says please
confirm that you have successfully transferred the money to the seller through the following
payment method So like i said i'm gonna use FNB here and um So also here what you should know is
once you know the moment we initiate the payment and we initiate this whole process
the um the Bitcoin is going to be held by finance okay. So the money will not
be transferred automatically by the platform So here's what Binance is saying the following is
the seller's payment uh details please make sure the money is transferred from the account you own
matching your verified name So the money will not be transferred automatically by the platform okay.
uh but again the other thing is the re um the basically if you won't lose your funds because
once this pro this payment is uh initiated finance itself is going to hold the Bitcoin all right
and then once the seller confirms having received the funds then Binance would release
the Bitcoin okay. So uh it's not it's not Something you know to to worry about okay. So
also just just read these tips here for example don't include any terms such as BTC
or ether anything on the you know on the note of uh like on your your bank account or when
you make the payments don't you know uh in the notes section don't say BTC or Ether you know
maybe just use the name or Something like that but do not because obviously the bank might you know
stop the payment from going through because you know it's crypto So your payment will go through
uh we'll go directly to the seller's account please complete the payment within the specified
time and if the buyer cancels uh the order three times a day okay. uh basically you won't be
able to do until the next day So another thing to take notice or to take note of
is after the 5 p.m after 5 p.m on weekdays you're basically restricted to like 50 000 okay. So
this is around i think it's around like 114 000 rand or one thing like that that you can do um
that you can do within you know like working working hours okay. So anything above this
it will be delayed just just take note okay. So obviously any time uh
before 5 pm you can do this and even on weekends you can do it but just make just take note that if
it's gonna be more than like hundred thousand or hundred and fourteen 000 per transaction
uh then it's gonna be delayed okay. just take note of that you can still do it but it won't
be as fast okay. So i'm gonna pause this video and make a payment and then come back
and uh you know basically just show you the rest of the the process okay. see you in a in us in a
sec okay. it's done So again remember you use this as uh use the order number as the reference and.
Some will say just the six the last six digits and some will want the whole order number. So that's
fine use that as reference and then also. if you use a different bank remember to use immediate
payments just select the immediate payment on your bank app So for example if you were with Capitec
right then you would just select instant payment or immediate payment other banks say immediate and
others say instant you do that So that the the you know the seller receives it immediately and
Some of them usually won't leave the email address So again what you would do then is
they would require like a screenshot all right So you just take a screenshot on your phone
and then you upload it uh you upload it here either you know using your phone or using your
uh your desktop and then you upload it here okay. and then when they see the screenshot then
they verify it all right So uh it's really it's it's it's a quick process So um it doesn't take
long and then you want to click on transferred once you have transferred the funds all right
So please confirm that the payment has been made to the seller So malicious clicks will
lead to account frozen So don't click on confirm or don't click on transferred if you haven't
actually transferred the funds So just make sure you transfer it and then you upload the
proof of payment and then go ahead and click on transfer it all right So this is basically the
details this is the account number that i paid to So warning if you click on transferred next
without making the payments you need to transfer the money with the payment account not on Binance
right or it's peer-to-peer you're gonna transfer to his bank account your account will potentially
be suspended the platform reserves the rights to claim any damaged cost. So you don't wanna
do that just make sure you transfer the funds first and then confirm i have transferred the
funds and then order marked as paid okay. So basically at this stage we are waiting for the um
for Saheed our seller to release the Bitcoin all right once the Bitcoin is released uh i
will receive a notification and um you know then i can transfer the the Bitcoin to the spot wallet
and then from there i can withdraw the Bitcoin or i can trade it or anything similar okay. So
that's that's basically that i wanted to show you that but let me see if i can't
show you when you receive your Bitcoin what you can do okay. i'm gonna go to P2P and
What do you know uh i just i just received. I just received a a message from Binance uh confirming
basically that uh the confirming the order that's been completed okay. which is awesome. So
um lets, let's have a look and then let's have a look at the orders and then we'll we'll take
it from there okay. So as you can see this is completed okay. the order is completed and uh
we're basically going to go ahead you know.11 if i click on detail here you can see you can see
the the order uh you know it was it was done or completed and then check my account So from here
i just want to transfer to spot So once it's on your spot account then you'll be able to
take it out you know to trade it etc So it's Bitcoin that we bought okay.
let me just show the balance here So i'm gonna just hit on transfer So the Bitcoin will be
here and then you just click on transfer okay. then you're gonna transfer from spot to fiat i
mean you're gonna transfer from p to p to spot okay. i'm gonna transfer all of it and confirm
and then again once the the transfer successful and then once it's on your uh once it's on your um
you know spot uh in your account then you can send it withdraw it or do whatever you want to do but
basically that's that's basically how you you can buy Bitcoin using the P2Ps system
um. If you found this video informative do go ahead and give it a like and
i will see you guys in the next one. You also uh let me know in the comments section as well um
if if you you know. If you found the video informative and um you know whatever else
that you'd like me to do to assist you with or maybe another tutorial that you'd like me to do
for you let me know in the comment section. And i will see you guys in the next one take care.