{"id":4423,"date":"2022-06-02T10:00:40","date_gmt":"2022-06-02T03:00:40","guid":{"rendered":"https:\/\/test.wikibinance.com\/?p=2603"},"modified":"2022-12-15T11:22:23","modified_gmt":"2022-12-15T04:22:23","slug":"block-trade-on-binance-p2p","status":"publish","type":"post","link":"https:\/\/wikibinance.com\/en\/basic-binance\/block-trade-on-binance-p2p.html","title":{"rendered":"How to use Block Trade on Binance P2P"},"content":{"rendered":"

In this article, Wikibinance<\/a> will provide step-by-step guide on Binance P2P <\/span>block trade<\/i><\/b>, and how to use Binance<\/a> P2P to sell Bitcoin as well as other cryptocurrencies in safe bulk. <\/span><\/p>\n

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Block trade is cryptocurrency transactions with high trading volume<\/figcaption><\/figure>\n

What are block trade?<\/h3>\n

Block trade is cryptocurrency<\/span> transactions with high trading volume that is usually privately negotiated and carried out outside of the public market for security purposes. Cryptocurrency traders often use block trade to sell or buy large amounts of Bitcoin or other cryptocurrencies.<\/p>\n

Block trade played an important role in traditional markets, especially security. Block trading facilities are intermediaries that specialize in handling high-value transactions and make transactions in order not to negatively impact on the market price of the asset being traded. Therefore, investors can easily sell assets in bulk at the desired price.\u00a0<\/span><\/p>\n

If you want to make a major cryptocurrency transaction, it is possible to try <\/span>Binance P2P<\/strong><\/a>, the leading Peer-to-Peer<\/a> (P2P) cryptocurrency trading\u00a0 all around the world. Binance P2P offers a secure platform, allowing you to quickly buy or sell in bulk with block trader who have been verified to make transaction with more than 300 payment methods and 70 Fiat currency.\u00a0<\/span><\/p>\n

Why should you sell block trade?<\/h3>\n

1.\u00a0 Avoid slippage<\/h4>\n

It is very difficult to sell a large number of cryptocurrencies in a market order on the exchange and this can cause a slippage. This is common in coins with low trading volume, the order book lacks buyers to match a a high-volume transaction.<\/span><\/p>\n

2. Trade extremely quickly at your price<\/h4>\n

To avoid slippage, some traders will sell their holdings on a small sizes or place limited orders. Because you have to wait longer to execute the order book, you can deal with market risk with undesired execution price. Put more simply, when you try to sell off your cryptocurrency, the market may turn against you. With a block trade, you can execute large-value orders in minutes at the desired price without tracking the chart all day.<\/span><\/p>\n

3. Select the payment method you want<\/h4>\n

With more than 300 payment methods and more than 70 fiat currencies, you can easily access platform to sell cryptocurrencies at no cost and don’t incur any fees.<\/span><\/p>\n

>>> Related: Binance Registration Guide 2022<\/a><\/em><\/p><\/blockquote>\n

How do you make block trade on Binance P2P?<\/h2>\n

Before starting block trade on Binance P2P, make sure you have completed the <\/span>Intermediate or Advanced Verification<\/b> process.\u00a0<\/span><\/p>\n

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Complete the Intermediate or Advanced Verification process<\/figcaption><\/figure>\n

Log in to your Binance account, tap P2P trading on the home page and follow the instructions below.\u00a0<\/span><\/p>\n

1. Market Filtering<\/h4>\n