I used to judge a Binance P2P price by looking at the ads around it.

If most sellers were asking roughly the same number, that number felt like the market price to me.

Then I noticed something I had completely overlooked.

Binance has a separate market reference price that can be used when making P2P pricing decisions.

Wait.

So the prices sitting in front of me aren’t the only signal behind the market.

The ads show me what merchants are willing to quote.

The reference price gives another point for understanding where those quotes sit.

That changed a small habit of mine.

I stopped asking only:

“Is this ad cheaper than the others?”

And started asking:

“Cheaper compared with what?”

Because being the cheapest offer on my screen only tells me where that ad sits relative to the other visible offers.

It doesn’t automatically tell me where that price sits against the wider market reference.

It’s a small distinction.

But once I noticed it, I couldn’t look at the P2P price list quite the same way again.
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