The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Before answering this question, the editor of Coin Circle will first talk to you about C2C transactions. C2C is a special term in the field of e-commerce. It is the customer to
The Chinese transliteration abbreviation of Customer, which is user-to-user transactions. For example, Taobao is a typical c2c trading platform. Taobao itself does not provide the purchase and sale of goods, but is a platform. After understanding c2c transactions, return to the topic. What does a C2C account mean? Woolen cloth? Below, the editor of the currency circle will tell you in detail what the Binance C2C account means? I hope that through this article’s explanation, investors can understand Binance C2C accounts.

 What does Binance C2C account mean?

C2C (peer-to-peer) transactions are also called C2C (customer-to-customer) transactions in some regions. In C2C transactions, users trade directly with counterparties, exchange fiat currency assets offline and confirm transactions online. Once both parties confirm that the offline legal currency asset transaction is successful, the digital assets will be released to the buyer.

As a facilitator of transactions, C2C platforms provide buyers and sellers with a channel to publish quotations. At the same time, online digital asset custody services ensure the safe and timely delivery of digital assets during transaction execution.

Binance (if you don’t have an account yet, you can create a new account) C2C account is the account used to operate c2c transactions.

What do I need to do before trading on the Binance C2C platform?

Step 1: Users must enable 2FA verification (i.e. linked SMS verification or Google verification code) in the account center, and then complete personal identity verification (basic information + facial recognition).

Step 2: Add your preferred method of sending and receiving money in the Binance App: Click on the “Trading” tab, then click on C2C at the top. Next, click the "···" icon in the upper right corner and select "Payment Settings"

Step 3: Then click on "All payment methods" and select your preferred method.

1. Why is it necessary to add a preferred payment method?

C2C transactions are conducted directly between two users. This means that Euros can be transferred smoothly only if the payment methods of both parties to the transaction are consistent. For example, user A holds a debit card from ING Bank and needs to use the euros deposited on the platform to purchase cryptocurrency. At this time, user B must also hold a debit card from ING Bank in order to receive the euros transferred by user A and finally complete the transaction.

2. Why do you need to link 2FA?

On the one hand, it is for security reasons during login, and on the other hand, all users who conduct C2C transactions must perform payment collection, release of cryptocurrency and other operations during the buying and selling process. These operations require the user to enter a two-factor authentication code to ensure that it is the user performing the transaction.

3. Why do you need to complete personal identity verification?

C2C transactions are conducted directly between two users. After the orders of the buyer and seller are matched, both parties must verify their identity through real-name "identity authentication", that is, they must confirm that the person who transfers euros to your account is indeed the same person you matched on the platform.

The above is the explanation of what Binance C2C account means. In fact, for investors, whether it is a Binance C2C account or other accounts, they are all for digital currency transactions on Binance and want to buy and sell digital currencies. To make money, you must have your own investment strategy, instead of blindly following other suggestions and conducting digital currency transactions. If you know little about digital currency transactions, the editor of the currency circle recommends that investors should not touch it if they can. After all, any investment There are risks. The more you know, the risks will be relatively reduced. Pure luck in the investment circle cannot last long.