There are two spreads in Venezuelan P2P today, and confusing them can be costly. đ
This morningâs numbers: buying $USDT in the digital street is at Bs. 969,86 and selling at Bs. 930,19. That results in a Bs. 39,67 spread, a 4,26% difference between the best offer on each side. There are 215 active offers.
But when you open the Binance book, the picture changes: there are buy orders near Bs. 958,80 and sell orders near Bs. 956,31. Here the distance is only 0,26%.
Why is there that difference? Because one thing is the price at which people POST and another very different one is the price at which people TAKE. The 4,26% is the theoretical ceiling of the ads; the order book is where trades truly get executed.
Quick tutorial: three steps before moving a bolĂvar.
1ď¸âŁ Check the book before posting your ad. If you need liquidity today and you post at the top end of the range, you might end up waiting. If you have time, posting makes sense; if youâre in a hurry, taking an order that already exists is the way.
2ď¸âŁ Define your role: do you post and wait, or do you take whatâs already been placed? These are two different ways of operating and they behave differently when the market moves.
3ď¸âŁ Verify the payment method, exact amount, and release time before accepting. Never release without seeing the payment reflected in your account, and never close a deal outside the platform.
Context: EcoanalĂtica estimated in July that through Binanceâs P2P, around US$44 million per day moves in Venezuela. With more currency supply and a spread that has been narrowing this year, anyone who doesnât check the order book is operating blind.
The spread isnât your enemy: itâs information. Read it before you decide, not after.
Before closing your next trade, compare the ad with the order book and calculate your position with a calculator in hand.
đ Live rates and analysis at https://pitbullchain.com
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