How to Buy USDT on Binance? 2026 Complete Beginner Tutorial
USDT is the entry ticket to the crypto market, as almost all trading starts with buying USDT. Binance offers two ways to buy USDT, suitable for different user scenarios. This article explains both methods clearly.
1. Comparison of the Two Buying Methods
| Method | Difficulty | Price | Best For |
| Quick Buy | Simple, system auto-matches | Slightly higher | First-time buyers, small amounts |
| P2P Trading | Slightly complex, manual merchant selection | More favorable | After getting familiar, medium to large purchases |
The USDT bought through either method is exactly the same; the difference lies only in the user experience and exchange rate.
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2. Quick Buy Steps
Quick Buy is the simplest method, suitable for beginners buying crypto for the first time.
Access Quick Buy
App Homepage → Tap "Buy Crypto" → Select "Quick Buy".
Fill in Purchase Details
Confirm the direction is "Buy" at the top of the page, and select USDT as the currency.
Enter the amount in CNY in the "I will pay" field; the system will automatically show how much USDT you can buy and the current exchange rate below.
Choose Payment Method
Select Alipay or WeChat Pay, then tap "Buy USDT".
Complete Payment
The system generates an order showing the merchant's receiving account. Complete the transfer within the specified time, then tap "I've Paid" and wait for the USDT to arrive.
The whole process takes less than 5 minutes, suitable for urgent purchases.
3. P2P Trading Steps
P2P requires manually selecting a merchant, which involves a few more steps, but the exchange rate is usually 1-2% better than Quick Buy.
Enter the P2P Page
App → Buy Crypto → P2P Trading → Confirm direction is "Buy" → Select USDT.
Choose a Merchant
The P2P list displays all currently online USDT sellers, sorted by price from low to high.
When selecting a merchant, focus on three key numbers:
- Price: CNY per USDT, lower is better
- Completion Rate: Preferably above 98%
- Number of Trades: Preferably above 500
Tap on a merchant to view their detailed ratings and history. Confirm there are no negative reviews before placing an order.
Order Process
After selecting a merchant, tap "Buy" → Enter the amount → Confirm the order → Complete payment using the merchant's specified method → Tap "Paid" → Wait for the coins to be released.
The specific operation is basically the same as the deposit tutorial. For detailed steps, refer to: How to deposit CNY on Binance →
4. Where Does the USDT Go After Purchase
Quick Buy: USDT goes to the "Spot Wallet" and is ready for trading.
P2P Purchase: Also goes to the "Spot Wallet" with no additional transfer needed.
This is a difference between Binance and OKX: USDT bought via OKX C2C goes to the "Funding Account" and requires a transfer, while USDT bought via Binance P2P is directly available in the Spot Wallet.
5. Frequently Asked Questions
Q: What's the difference between USDT and USDC, and which should I buy? Both are stablecoins pegged 1:1 to the USD. USDT has higher circulation and more trading pairs; mainland Chinese users typically choose USDT. USDC has better compliance but lower liquidity in Binance's P2P market. Beginners can just choose USDT.
Q: Are there fees for buying USDT? The P2P platform does not charge fees; the exchange rate premium is the actual cost. Quick Buy also has no additional fees.
Q: Can USDT be converted back to CNY? Yes, by selling USDT via P2P. The buyer pays you via Alipay or WeChat Pay, completing the conversion back to CNY. See: How to withdraw from Binance →
Q: How much USDT should I buy? Decide based on your trading plan. It's not recommended to convert all your funds to USDT and keep them on the exchange at once. A more prudent approach is to deposit in batches and convert only what you need.
Q: How do I know if the exchange rate is good? You can compare it to the day's USD/CNY exchange rate multiplied by 1.01 to 1.03. P2P quotes within this range are normal; anything above 1.05 is considered expensive.
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