Instructions on how to sell Coins on Binance exchange

This article will provide step-by-step guide that help you to get a better grasp of how to sell coins on Binance. Specifically, you can sell cryptocurrencies and receive fiat money on Binance P2P or Binance Lite.

How to sell coins on Binance P2P

Step 1: Go to the Binance.com page and log in to your account.

Step 2: Select [Buy Crypto] → [P2P Account]

Step 3: Click [Sell]. Select the cryptocurrency you want to sell, then choose Fiat currency and your payment method. For example, here we want to sell USDT.

Step 4: Enter the amount of cryptocurrency or fiat currency, select the payment method, and then tap [Sell USDT].

Step 5: Wait for the payment to be made by buyer within the specified time limit.

Step 6: After the buyer makes the payment, the status becomes: To be released. Make sure you get paid. Then tap [Confirm release] for a limited time. 

In the pop-up, tick [I have confirmed that payment was correct], and then tap [Confirm release].

Step 7: Now that the order is completed, the buyer will receive the cryptocurrency. You can tap [Check my account] to check your Fiat balance.

How to sell coins on Binance Lite

Step 1: Log in to your Binance account. Click on the transaction button, and then press [Sell].

Step 2: Select the cryptocurrency you want to sell and enter the quantity. Tap [Sell].

Step 3: Select payment method. Binance offers a variety of fiat channels for users in different countries. Please check the app for supported cryptocurrency channels in your country. For example, if you sell cryptocurrencies in GBP or EUR, the fiat amount will be credited to your [Cash Balance].

Click [Confirm]. You have successfully sold coins on Binance Lite.

>>> Related: The complete guide to sign up for Binance update 2022.