Nearly 200 million has been credited to my account, and I still haven't rushed to release USDT
There was a time when I sold 6,900 USDT on Binance P2P for a value of nearly 200 million VND. Before the order was completed at 193,267,039 VND, I had to cancel two previous orders worth 193,612,035 VND and 193,336,038 VND.
The reason isn’t the amount. The money can be credited in full down to the last digit, but the payer’s name doesn’t match the buyer’s name shown in the order.
When I messaged to ask, the counterparty explained that the main bank account had already reached its daily limit, so they had to use a family member’s account to transfer on their behalf. That sounds plausible, but with a transaction close to 200 million, I don’t want to guess whether the person making the transfer is truly related to the buyer.
Instead of releasing the crypto, I kept the order unchanged and contacted Binance support to ask how to handle it. After being guided, I didn’t continue any transactions where the payer information didn’t match, and it took additional time to resolve everything before I found a suitable order.
Since then, I’ve changed how I trade large amounts.
Before the buyer makes the bank transfer, I proactively ask whether they still have enough daily limit and whether they can pay using the exact account in their own name. If not, both sides can stop early rather than waiting for the money to be credited and then discovering the issue.
I also often split the amount if needed, and I prioritize times when the bank limit has just been reset to reduce the chances that the counterparty has to use another account.
My takeaway is that having the funds credited in full doesn’t necessarily mean the conditions are met to release.
For P2P, having the correct person who transfers is just as important as having the correct amount.
@Binance Vietnam #BinanceP2PAnToan
$BTC $VELVET $BTR
There was a time when I sold 6,900 USDT on Binance P2P for a value of nearly 200 million VND. Before the order was completed at 193,267,039 VND, I had to cancel two previous orders worth 193,612,035 VND and 193,336,038 VND.
The reason isn’t the amount. The money can be credited in full down to the last digit, but the payer’s name doesn’t match the buyer’s name shown in the order.
When I messaged to ask, the counterparty explained that the main bank account had already reached its daily limit, so they had to use a family member’s account to transfer on their behalf. That sounds plausible, but with a transaction close to 200 million, I don’t want to guess whether the person making the transfer is truly related to the buyer.
Instead of releasing the crypto, I kept the order unchanged and contacted Binance support to ask how to handle it. After being guided, I didn’t continue any transactions where the payer information didn’t match, and it took additional time to resolve everything before I found a suitable order.
Since then, I’ve changed how I trade large amounts.
Before the buyer makes the bank transfer, I proactively ask whether they still have enough daily limit and whether they can pay using the exact account in their own name. If not, both sides can stop early rather than waiting for the money to be credited and then discovering the issue.
I also often split the amount if needed, and I prioritize times when the bank limit has just been reset to reduce the chances that the counterparty has to use another account.
My takeaway is that having the funds credited in full doesn’t necessarily mean the conditions are met to release.
For P2P, having the correct person who transfers is just as important as having the correct amount.
@Binance Vietnam #BinanceP2PAnToan
$BTC $VELVET $BTR