❔How to deposit funds on BingX?

The P2P platform allows users to buy or sell cryptocurrency from other users directly.

The buyer must transfer fiat money to the seller, and the seller transfers cryptocurrency to the buyer after confirming the receipt of payment.

In order to trade on BingX P2P, you need to have a verified account.

  1. Open the BingX application and under the "Home" tab, select the "Buy Crypto".

  1. Select "P2P Trading".

  1. In the top right corner, click on the currency you want to purchase cryptocurrency with.

  1. You will be taken to a page with advertisements. Each advertisement contains information about the price, available trading volume in cryptocurrency, minimum and maximum amount per transaction and trader's statistics.

  1. Once you select a seller, you need to specify how much cryptocurrency you want to buy. You can specify a specific amount in cryptocurrency (the "By amount" section), or you can specify the amount you want to pay in fiat currency (the "By value" section).

    After, click on "Buy with 0 fee".

  1. Next select a payment method and click on "Buy".

  1. After that the page with the purchase data will appear. Please pay attention to the time window for payment (the time within which you must complete the payment or the order will be canceled automatically by the system).

    You can also use the built-in chat, through which you can contact the seller and if necessary, clarify the details of the transaction. At this stage you will need to make the payment. Sometimes the seller's details are available on this page, and in some cases you will need to go to the chat to get the details for the transfer.

    Once you have transferred funds to the seller click on "Pay".

  1. After making the payment, click on "Paid & proceed". After confirming receipt of your payment, the merchant will transfer the cryptocurrency to you. To see information about the assets received, click on "Assets" on the homepage.

WARNING:

When buying cryptocurrency, you need to take precautions to avoid fraud and loss of funds:

  1. Beware of third-party exchangers: Use only trusted and reliable cryptocurrency exchange platforms. Third-party exchangers with questionable reputations may turn out to be scammers.

  2. Check verification: Prefer users who have been fully verified on the platform. This adds an extra layer of security to the transaction.

  3. Check the reputation of sellers: Pay attention to user ratings and reviews. Choose sellers with high ratings and lots of positive reviews.

  4. Number of completed transactions: Give preference to users with a large number of completed transactions. This is an indicator of reliability and trust in the seller.

  5. Be vigilant: If the terms of the deal seem too favorable, it may be a fraud attempt. Compare offers and be wary of suspiciously low prices.

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