I discovered my P2P trades actually started even before I opened Binance.
It sounds a bit strange, but previously I often did the opposite.
Start with P2P.
Scroll through a bunch of ads.
If the price looks good, then I begin to consider it.
Now I determine three things in advance:
How much do I need to buy/sell?
Which bank account will I use?
What transaction limit is suitable for me?
Only after that do I open Binance P2P.
A very small change, but it helps me eliminate quite a lot of options that aren’t a good fit from the very beginning.
For example, if I need to buy 5 million $USDT, then an ad with a good price might have a minimum of 10 million—simply not suitable for this trade.
Or if a partner doesn’t support the payment method I’m using, then I don’t need to force a choice just because the price difference is a little.
After I find a suitable ad, then I check the partner’s profile, transaction history, and the information that needs to be verified before making the payment.
Binance P2P has escrow to hold the crypto during the transaction, and an Appeal/Support process if any issues arise.
But there’s something the platform can’t decide for me:
What kind of trade I need.
Ever since I figured out the answer ahead of time, I’ve been browsing P2P less, but the choices are faster.
Maybe a good P2P trade doesn’t start with the Buy/Sell button.
It starts with knowing what you’re looking for.
@Binance Vietnam #BinanceP2PAnToan
$BTC
It sounds a bit strange, but previously I often did the opposite.
Start with P2P.
Scroll through a bunch of ads.
If the price looks good, then I begin to consider it.
Now I determine three things in advance:
How much do I need to buy/sell?
Which bank account will I use?
What transaction limit is suitable for me?
Only after that do I open Binance P2P.
A very small change, but it helps me eliminate quite a lot of options that aren’t a good fit from the very beginning.
For example, if I need to buy 5 million $USDT, then an ad with a good price might have a minimum of 10 million—simply not suitable for this trade.
Or if a partner doesn’t support the payment method I’m using, then I don’t need to force a choice just because the price difference is a little.
After I find a suitable ad, then I check the partner’s profile, transaction history, and the information that needs to be verified before making the payment.
Binance P2P has escrow to hold the crypto during the transaction, and an Appeal/Support process if any issues arise.
But there’s something the platform can’t decide for me:
What kind of trade I need.
Ever since I figured out the answer ahead of time, I’ve been browsing P2P less, but the choices are faster.
Maybe a good P2P trade doesn’t start with the Buy/Sell button.
It starts with knowing what you’re looking for.
@Binance Vietnam #BinanceP2PAnToan
$BTC