Rate so good that you can save nearly 1 million, but still end up "backing out", guys š
I had a P2P experience today that I found rather regrettable.
I was planning to sell USDT and saw a merchant with a rate much better than the general market. If I traded with this merchant, I could potentially save about nearly 1 million VND compared to some others.
Honestly, the initial rate was tempting too chứ =)))
But before placing the order, I have a habit of checking the merchant details thoroughly and reading the feedback from people who traded with them before. Then I started to feel a bit uneasy, because there were quite a lot of negative reports about the trading experience.
Some of you might think: āNegative feedback is probably just a few cases, the rate is greatāso just do it.ā
But the issue is I donāt have enough information to know exactly what happened in each individual transaction. So I canāt conclude whether that merchant is good or bad.
I just simply think: if I notice enough signs that make me feel uncomfortable, then Iāll skip it.
P2P doesnāt only have one merchant.
I might miss the chance to earn an extra 1 million from this order, but in return I avoid having to deal with a problematic transaction afterward.
From now on, Iāll still keep the same four things in mind before placing an order:
š¢ Rate ā is it truly good?
š¢ Completion ratio ā how is their transaction history?
š¢ Feedback ā what did previous users say?
š¢ Trading conditions ā are there any unusual requirements?
Donāt let one pretty rate number make me ignore everything else.
P2P sometimes isnāt about choosing the āmost profitable deal,ā but choosing the ādeal that makes me feel most at ease,ā guys @Binance Vietnam #BinanceP2PAnToan
I had a P2P experience today that I found rather regrettable.
I was planning to sell USDT and saw a merchant with a rate much better than the general market. If I traded with this merchant, I could potentially save about nearly 1 million VND compared to some others.
Honestly, the initial rate was tempting too chứ =)))
But before placing the order, I have a habit of checking the merchant details thoroughly and reading the feedback from people who traded with them before. Then I started to feel a bit uneasy, because there were quite a lot of negative reports about the trading experience.
Some of you might think: āNegative feedback is probably just a few cases, the rate is greatāso just do it.ā
But the issue is I donāt have enough information to know exactly what happened in each individual transaction. So I canāt conclude whether that merchant is good or bad.
I just simply think: if I notice enough signs that make me feel uncomfortable, then Iāll skip it.
P2P doesnāt only have one merchant.
I might miss the chance to earn an extra 1 million from this order, but in return I avoid having to deal with a problematic transaction afterward.
From now on, Iāll still keep the same four things in mind before placing an order:
š¢ Rate ā is it truly good?
š¢ Completion ratio ā how is their transaction history?
š¢ Feedback ā what did previous users say?
š¢ Trading conditions ā are there any unusual requirements?
Donāt let one pretty rate number make me ignore everything else.
P2P sometimes isnāt about choosing the āmost profitable deal,ā but choosing the ādeal that makes me feel most at ease,ā guys @Binance Vietnam #BinanceP2PAnToan