C2C trading is the gateway for Chinese users to enter Binance. First-time jitters are normal — what if you pay and they don't release? Which merchant is reliable? This guide covers all the key concerns.
What Is C2C?
C2C (Customer to Customer) is direct peer-to-peer trading. You pay fiat to a seller, and they release USDT to your Binance account. Binance serves as escrow — like a guaranteed transaction platform.
You need to sign up for Binance and complete identity verification first.
Complete First Purchase Steps
- Open Binance App → "Buy Crypto" → "C2C Buy"
- Select USDT, fiat CNY
- Enter your desired amount in CNY
- Select a merchant from the list
- Confirm order → View merchant's payment details
- Transfer payment according to the details
- Return to Binance → Tap "I've Paid"
- Wait for merchant to confirm and release
- USDT arrives in your funding account
How to Choose a Merchant?
Volume and completion rate: Prioritize merchants with 1,000+ completed trades and 98%+ completion rate.
Verification badge: Yellow "V" badge indicates Binance-verified merchants — highly recommended for first-timers.
Online status: Choose merchants showing as online for faster processing.
Price: Don't just pick the cheapest — abnormally low prices may signal inexperienced merchants.
Payment Tips
- Never write crypto-related terms in transfer memos (no "USDT," "BTC," "bitcoin," etc.)
- Transfer the exact amount to the cent — rounding up/down causes issues
- Use your own verified account for payment — merchants only accept same-name payments
- Complete payment within the time limit (usually 15-30 minutes)
- Tap "I've Paid" after transferring — otherwise the order may time out
Absolute Don'ts
- Never trade outside the Binance platform
- Never confirm receipt before receiving USDT
- Never pay to accounts different from the order
- Never click "I've Paid" without actually paying
How Much for the First Time?
Start with 100-500 CNY to familiarize yourself with the process. Once confident, increase the amount.
After buying USDT, it's in your Funding Account. To spot trade, transfer it from Funding to Spot Account via the Assets page.