To buy crypto on Binance, the first step is getting CNY into the platform. Binance doesn't accept direct CNY deposits — you need to convert CNY to USDT through C2C trading. It sounds complicated but it's actually very simple. Use the Binance Official website or Binance Official APP. iPhone users should check the iOS Installation Guide.
The C2C Process
C2C (Customer to Customer) means peer-to-peer trading. You buy USDT from verified merchants using CNY via bank transfer, Alipay, or WeChat. Binance holds the merchant's USDT in escrow until you confirm payment. Open the C2C page, select USDT, enter your CNY amount, choose a reputable merchant, pay them through your banking app, tap "I've Paid" on Binance, and wait for the merchant to release coins.
Key Tips
Always use your own verified payment account. Never write crypto-related words in transfer memos. Choose merchants with high completion rates. Start with small amounts to test the process. Keep all transfer receipts.
After Getting USDT
USDT arrives in your Funding wallet. Transfer it to your Trading wallet (free, instant) to start spot trading, or to your Futures wallet for futures trading.
Q: Is there a fee for C2C buying?
A: Binance doesn't charge C2C fees. The merchant's price includes a small markup over market price — that's their profit and your only cost.
Q: What's the minimum amount?
A: Merchants set their own minimums, typically starting from a few dozen CNY.