How to Buy USDT on Binance P2P using your Gcash App | Crypto Tutorial

Introduction

This tutorial will guide you through the process of buying USDT (Tether) on Binance using the P2P (peer-to-peer) trading feature with your Gcash app. This method provides a secure and convenient way to purchase cryptocurrency directly from other users.

Step 1: Set Up Your Binance Account

• Register on Binance: If you don't already have an account, visit the Binance website and complete the registration process. Use the referral link for potential discounts: Binance Registration.
• Verify Your Identity: Complete the KYC (Know Your Customer) verification by providing the required identification documents.
• Enable Two-Factor Authentication: For added security, enable 2FA on your account.

Step 2: Prepare Your Gcash Account

• Download the Gcash App: Ensure you have the Gcash app installed on your mobile device.
• Link Your Bank Account: If necessary, link your bank account or add funds to your Gcash wallet to facilitate transactions.

Step 3: Navigate to the Binance P2P Section

• Log into Binance: Open the Binance app or website and log into your account.
• Access P2P Trading: Click on the "Buy Crypto" tab and select "P2P Trading" from the drop-down menu.

Step 4: Select USDT for Purchase

• Choose USDT: In the P2P trading section, select USDT from the list of cryptocurrencies available for purchase.
• Set Your Payment Method: Choose Gcash as your preferred payment method for the transaction.

Step 5: Find a Suitable Seller

• Browse Listings: Look through the available sellers who are offering USDT for sale.
• Check Ratings and Limits: Pay attention to seller ratings and the amount of USDT they are willing to sell. Opt for sellers with good ratings to ensure a smooth transaction.

Step 6: Initiate the Purchase

• Click Buy: Once you find a suitable seller, click on the "Buy" button next to their listing.
• Enter the Amount: Specify how much USDT you want to purchase. The total cost will be displayed in your local currency.

Step 7: Confirm and Make Payment

• Review the Transaction: Double-check the details before confirming your purchase.
• Complete the Payment: Follow the instructions provided by the seller to send the payment through Gcash. Ensure that you include any necessary reference information.

Step 8: Confirm the Transaction on Binance

• Wait for Seller Confirmation: After you make the payment, wait for the seller to confirm the transaction.
• Release USDT: Once the seller confirms, the USDT will be released to your Binance account.

Step 9: Check Your Wallet

• View Your USDT: Go to your Binance wallet to verify that the USDT has been successfully credited to your account.

Conclusion

You have now successfully purchased USDT on Binance using your Gcash app. Always ensure you follow best practices for security when trading cryptocurrencies. For further transactions, consider familiarizing yourself with the Binance interface and exploring more P2P trading options. Happy trading!