USDT (Tether) is the most widely used stablecoin in the crypto market. 1 USDT is pegged to approximately 1 USD, with minimal price fluctuation, making it an ideal "entry ramp" for beginners. So how do you buy USDT with Chinese yuan? On Binance, the main method is through C2C (peer-to-peer trading).
Step 1: Register and Complete Identity Verification
Before purchasing, you need a Binance account with completed KYC (identity verification). Verification requires uploading photos of both sides of your ID card and a selfie, and is typically approved within minutes to a few hours. If you don't have an account yet, register on Binance first — new users can also receive fee reduction benefits.
Step 2: Navigate to the C2C (P2P) Trading Section
After logging into the Binance App or web platform:
- Click on "Buy Crypto" in the top menu, then "C2C Trading"
- On the trading page, select the "Buy" direction
- Choose "USDT" as the currency and "CNY (Chinese Yuan)" as the fiat currency
- Under "Payment Method," check whichever is most convenient for you: Alipay, WeChat Pay, or bank transfer
Step 3: Choose a Merchant and Place Your Order
The system will list multiple sellers, each showing their unit price, available quantity, completion rate, and number of trades. Prioritize merchants who:
- Have a completion rate above 98%
- Have completed more than 500 trades
- Offer reasonable prices (avoid those with obviously high premiums)
After confirming the price, enter the amount you want to buy (for example, 500 yuan), then click "Buy."
Step 4: Pay on Time and Wait for Coin Release
After placing the order, a countdown timer will start (typically 15-20 minutes). During this time:
- Transfer funds to the merchant's account as shown on the page, using Alipay/WeChat/bank card
- Do not include any cryptocurrency-related terms in the transfer note (such as "USDT," "Bitcoin," etc.) to avoid triggering payment platform risk controls
- After completing payment, click the "I've Paid" button on the page
- Wait for the merchant to confirm receipt and release the coins — this usually takes just a few minutes
What to Do After Receiving USDT
Once USDT arrives, it will be deposited into your Binance "Funding Account" (or "Spot Account"). You can then:
- Buy other cryptocurrencies like BTC or ETH (through Binance's spot market)
- Participate in Binance Earn features to generate interest
- Transfer it to other wallets or exchanges
A few practical tips:
- For your first purchase, keep the amount small — try a small order (100-200 yuan) to familiarize yourself with the process
- If a merchant doesn't release coins for an extended period, click "Appeal" on the order page for Binance customer support to intervene
- C2C prices fluctuate slightly based on market supply and demand — refresh and compare prices from multiple merchants before buying
Overall, buying USDT with CNY isn't complicated. Follow the steps, and you can complete your first transaction in 10-15 minutes.