Can I exchange just $1 cryptocurrency on Binance P2P?

Niyi Briggs · Jun 5, 2023

I am starting out on Binance P2P and I wanted to exchange the little $1 I was sent on Binance Pay. When I entered the P2P interface, the first 30 people that were displays were only willing to exchange very huge amounts. I had to forget about exchanging my miserly $1 LTC.

Is it possible to exchange $1 on Binance P2P? How do you go about it?

uptrendfinancialsignal · Jun 5, 2023

Niyi Briggs said:
I am starting out on Binance P2P and I wanted to exchange the little $1 I was sent on Binance Pay. When I entered the P2P interface, the first 30 people that were displays were only willing to exchange very huge amounts. I had to forget about exchanging my miserly $1 LTC.

Is it possible to exchange $1 on Binance P2P? How do you go about it?

I don't think that you can find anyone to exchange $1 worth of any cryptocurrencies on binance peer-to-peer platform.

Suba · Jun 5, 2023

Although I have never heard of minimum transactions on Binance P2P, but if you are going to trade, I doubt that if you trade crypto for only $ 1 it will seem like you are just joking or playing and it is likely that no one will take your offer.

Niyi Briggs · Jun 5, 2023

uptrendfinancialsignal said:
I don't think that you can find anyone to exchange $1 worth of any cryptocurrencies on binance peer-to-peer platform.

But is it possible for someone to exchange $5 on Binance peer to peer? Maybe, I should let it to accumulate to $5.

SHAHID987 · Jun 5, 2023

I searched there but I didn't find anyone, the least start was from $10.Even if you try in cashmaal p2p then you won't find anyone who wish to exchange $1. So it is advisable to first increase amount, then study p2p in detail then do it.

Niyi Briggs · Jun 5, 2023

SHAHID987 said:
I searched there but I didn't find anyone, the least start was from $10.Even if you try in cashmaal p2p then you won't find anyone who wish to exchange $1. So it is advisable to first increase amount, then study p2p in detail then do it.

Is Cashmal app another exchange too? How good is it when compared to Binance?

flower · Jun 5, 2023

Niyi Briggs said:
But is it possible for someone to exchange $5 on Binance peer to peer? Maybe, I should let it to accumulate to $5.

Yes! it is possible to exchange $5 in cryptocurrency on binance peer-to-peer platform.

Niyi Briggs · Jun 5, 2023

flower said:
Yes! it is possible to exchange $5 in cryptocurrency on binance peer-to-peer platform.

How do I need to find those that are willing to exchange $5 for fiat. Is there anything I have to do like search to find them?

Suba · Jun 5, 2023

If only under $ 10 you don't need to exchange on large crypto exchanges like Binance, why not just RIF, maybe there are many other members who are willing to trade.

Niyi Briggs · Jun 5, 2023

Do we have peer to peer crypto transactions here? How does that even work?

Suba said:
If only under $ 10 you don't need to exchange on large crypto exchanges like Binance, why not just RIF, maybe there are many other members who are willing to trade.

Suba · Jun 5, 2023

Niyi Briggs said:
Do we have peer to peer crypto transactions here? How does that even work?

Peer 2 Peer means trading between individuals not through third parties, for example you at RIF open a Trade Station and offer (open an order) Bitcoin worth $ 5 to trade with RIF or PayPal, then member A is willing to buy your Bitcoin.

Etini Willie · Jun 5, 2023

Suba said:
Peer 2 Peer means trading between individuals not through third parties, for example you at RIF open a Trade Station and offer (open an order) Bitcoin worth $ 5 to trade with RIF or PayPal, then member A is willing to buy your Bitcoin.

This is probably an option but I don't see it done here. The best bet is to accumulate up to $10 if you want to trade in peer to peer.

Suba · Jun 5, 2023

Etini Willie said:
This is probably an option but I don't see it done here. The best bet is to accumulate up to $10 if you want to trade in peer to peer.

Before the RIF was upgraded, I often saw many transactions that were completed here, and now I see there are a few comments, meaning there are members who are interested or takers, then it just needs to be negotiated.

aovurevu · Jun 5, 2023

Niyi Briggs said:
I am starting out on Binance P2P and I wanted to exchange the little $1 I was sent on Binance Pay. When I entered the P2P interface, the first 30 people that were displays were only willing to exchange very huge amounts. I had to forget about exchanging my miserly $1 LTC.

Is it possible to exchange $1 on Binance P2P? How do you go about it?

It's actually rare for you to find someone willing to buy a dollar coin from you , but you should still be able to find for 5 dollars, another thing is you can just ask anyone that trades if you could transfer 1 dollar to their wallet then they pay you in your required currency

Niyi Briggs · Jun 6, 2023

aovurevu said:
It's actually rare for you to find someone willing to buy a dollar coin from you , but you should still be able to find for 5 dollars, another thing is you can just ask anyone that trades if you could transfer 1 dollar to their wallet then they pay you in your required currency

Like message him directly and do the transaction without passing through Binance's protocols. That could be very risky.

uptrendfinancialsignal · Jun 6, 2023

Niyi Briggs said:
Like message him directly and do the transaction without passing through Binance's protocols. That could be very risky.

It is extremely risky to carry out exchange outside of the binance exchange platform.

aovurevu · Jun 6, 2023

Niyi Briggs said:
Like message him directly and do the transaction without passing through Binance's protocols. That could be very risky.

That's why I said you should find someone you know and is also in need of it so as to make it seamless and hitch free.i do this sometimes too when I have little currency to exchange.

nomad · Jun 6, 2023

You can exchange $1 crypto through P2P method on Binance provided there are exchangers willing to take as low as $1 for your chosen payment method. I have done this multiple times.

Blessed19 · Jun 13, 2023

You cannot make use of $1 to make a trade of selling on Binance P2P nor even in other exchanges but what I would advice you to do is convert it to other crytpo coin that you have on Binance in the spot trading section.

Yohanna · Jun 13, 2023

Practically, it is impossible to trade $1 worth of to the currency on any kind of cryptocurrency peer-to-peer platform . You can easily exchange an amount that is way more than that.

Can I exchange just $1 cryptocurrency on Binance P2P?

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