Live P2P Radar capture: 28/8/2026, 4:00:18 p. m.

USDT/VES reference Bs. 942.16

Buy USDT Bs. 942.16

USDT sale Bs. 902.79

BCV Bs. 791.67

Premium vs BCV 19.01%

P2P spread 4.36%

Observed offers 79

Verify current data in P2P Radar

As of the close of August 28, 2026, the P2P USDT/VES market shows a yellow traffic light (score 69/100) and an aggregated spread of 4.36%. While liquidity is concentrated in Banesco and Pago Móvil, the order book shows an uneven distribution across the price levels 933-937. This analysis breaks down the verified data to understand what this means when executing large orders.

📊 Yellow light: mixed conditions

Radar’s P2P light is yellow, with a score of 69 points. This indicates “moderate caution”: there is enough liquidity across several banks, but the spread is high. Specifically, the combined spread between the best buy and sell price is 39.38 VES, equivalent to 4.36%. The score components reveal strengths and weaknesses:

• Liquidity (95): volume is available across multiple banks.

• Bank availability (95): Banesco, Pago Móvil, Banco de Venezuela, among others, operate assets.

• Market depth (45): the ability to absorb orders without changing the price is limited.

• Spread (20): the difference between buy and sell is wide, making the transaction more expensive.

Additionally, the premium versus BCV is 19.01%. This means USDT is trading well above the official dollar rate—a factor that had already been noted in previous analyses of the Venezuelan market. Sources like BeInCrypto and DiarioBitcoin have documented the increase in demand for USDT as a refuge amid the bolívar crisis.

📈 Depth by bank: Banesco and Pago Móvil lead

According to Radar P2P data, the banks with the largest market participation are Otro método (25.2% of liquidity), Pago Móvil (24.4%), and Banesco (21.5%). However, not all of them offer the same internal spread:

• Banesco: 29 ads, average buy price of 935.77 and sell price of 930.53, with a spread of 0.56%. It’s the most efficient bank to trade with due to its tight difference.

• Pago Móvil: 33 ads, average buy 936.79 and sell 925.42, with a spread of 1.23%. Good liquidity, but with a larger deviation.

• Otro método: 34 ads, average buy 936.60 and sell 922.88, with a spread of 1.49%. Useful if you’re looking for non-traditional alternatives.

• Banco de Venezuela and BANK: spreads of 0.29% and 0% respectively, but with lower depth (11.1% and 8.9%).

This distribution implies that, depending on the bank, the cost of executing an order can vary by up to 1 percentage point. For large transactions, Banesco and Banco de Venezuela offer better conditions, while Pago Móvil compensates with a higher number of counterparties.

🔎 Order concentration: level 933–937

The order book aggregates data from Binance and other platforms. The best ask (price to buy USDT) is 931 VES, while the best bid (price to sell USDT) is 937 VES. This creates a technical spread of 6 VES (0.64%), but with an anomaly: the ask is lower than the bid, reflecting a temporary imbalance between offers. In practice, this kind of situation does not persist and is usually the result of delayed data or differences between the order books of each exchange.

On the sell side (ask), the highest concentration is at 937.89 with 25,358 USDT, followed by 936 with 15,722 USDT and 934.5 with 6,728 USDT. On the buy side (bid), depth is much higher: 933 VES concentrates 161,963 USDT, and 931 VES accounts for another 113,796 USDT. Total buy volume (527,330 USDT) exceeds sell volume (111,887 USDT) by 64.99%, indicating strong buy pressure.

For an operator looking to sell USDT (receive VES), level 933 is the most attractive: there is enough volume to absorb orders up to 160,000 USDT without affecting the price. For anyone looking to buy USDT, the situation is different: they will have to cross several levels and pay a higher average price, due to the low depth in the early levels.

💰 Implications for large orders

When we talk about large orders (for example, over 5,000 USDT), the combined spread of 4.36% is misleading. The real price is determined by the order book depth. The data suggests the following:

📖 Read the full article: https://pitbullchain.com/noticias/p2p-usdt-ves-semaforo-amarillo-spread-4-36-y-profundidad-por-banco

https://public.bnbstatic.com/image/pgc/20260917/77fdbacae5a4496e8ddb7d4b41a62ae8.jpg

📊 Live rates and analysis at https://pitbullchain.com

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