One afternoon, I exchanged a small amount of USDT to advance payment to a writing collaborator. On Binance P2P, I chose a buyer with a slightly better price, a profile that looked fine, and an opening message that was also brief and neat. I thought it would be done quickly. Then the order just sat there.
That person said they were transferring the money, then disappeared for nearly twenty minutes. The coins were still safe, but the time did not come back. When the order was canceled, I only saw a small scratch on trust in the transaction.
Since then, I have looked more carefully at the order cancellation rate on Binance P2P. It is not proof that someone is bad, nor is it enough to conclude that they are dishonest. But it shows a kind of instability, especially when the number repeats. In P2P, punctuality is sometimes reputation.
Crypto users often talk about risk management, but they are still easily pulled by a good price. A small price difference creates the feeling that you are smarter than the market. The order cancellation rate is quieter, standing in the corner of the screen like secondary data. And secondary data is often ignored.
The paradox is that we are afraid of being scammed, yet we accept a counterparty who makes us keep guessing. Someone who often cancels orders may be busy, short on cash flow, run into a bank error, or place orders to test the market. Even without bad intent, they can still cause trouble.
I also do not want to turn Binance P2P into a place where every number is judged rigidly. Everyone has a bad day, and everyone has one time when something goes wrong. But if a high cancellation rate comes with slow responses, I will pass on the good price. The remaining question is whether we are choosing a higher price, or choosing someone stable enough so that the transaction does not lose its rhythm on Binance P2P.
@Binance Vietnam #BinanceP2PAnToan
That person said they were transferring the money, then disappeared for nearly twenty minutes. The coins were still safe, but the time did not come back. When the order was canceled, I only saw a small scratch on trust in the transaction.
Since then, I have looked more carefully at the order cancellation rate on Binance P2P. It is not proof that someone is bad, nor is it enough to conclude that they are dishonest. But it shows a kind of instability, especially when the number repeats. In P2P, punctuality is sometimes reputation.
Crypto users often talk about risk management, but they are still easily pulled by a good price. A small price difference creates the feeling that you are smarter than the market. The order cancellation rate is quieter, standing in the corner of the screen like secondary data. And secondary data is often ignored.
The paradox is that we are afraid of being scammed, yet we accept a counterparty who makes us keep guessing. Someone who often cancels orders may be busy, short on cash flow, run into a bank error, or place orders to test the market. Even without bad intent, they can still cause trouble.
I also do not want to turn Binance P2P into a place where every number is judged rigidly. Everyone has a bad day, and everyone has one time when something goes wrong. But if a high cancellation rate comes with slow responses, I will pass on the good price. The remaining question is whether we are choosing a higher price, or choosing someone stable enough so that the transaction does not lose its rhythm on Binance P2P.
@Binance Vietnam #BinanceP2PAnToan