I would like to report an issue that I have only observed on Binance P2P.
There are around 8–10 merchants with 20,000 to 50,000+ completed trades who regularly sell USDT at prices that appear to result in losses of PKR 4–5 per USDT. Sometimes they even sell at the same price they buy, leaving almost no profit. This pattern has continued for the past four to five months.
Because of this, the PKR P2P market has become extremely difficult for other merchants. We are left with almost no profit, and Binance P2P trading fees reduce our earnings even further.
I am not accusing anyone of fraud. However, based on my experience as a verified merchant on several of the world's top cryptocurrency exchanges, I have never seen this kind of trading behavior elsewhere. That is why I respectfully request the Binance P2P team, specialists, or managers to investigate these merchants and review whether all of their activities comply with Binance's rules and policies.
If everything is legitimate, then there is no issue. However, if there is any misuse of the Binance P2P platform or any unfair activity, I hope appropriate action will be taken.
Thank you very much for your time and consideration.#P2PScam #P2PScamAwareness
There are around 8–10 merchants with 20,000 to 50,000+ completed trades who regularly sell USDT at prices that appear to result in losses of PKR 4–5 per USDT. Sometimes they even sell at the same price they buy, leaving almost no profit. This pattern has continued for the past four to five months.
Because of this, the PKR P2P market has become extremely difficult for other merchants. We are left with almost no profit, and Binance P2P trading fees reduce our earnings even further.
I am not accusing anyone of fraud. However, based on my experience as a verified merchant on several of the world's top cryptocurrency exchanges, I have never seen this kind of trading behavior elsewhere. That is why I respectfully request the Binance P2P team, specialists, or managers to investigate these merchants and review whether all of their activities comply with Binance's rules and policies.
If everything is legitimate, then there is no issue. However, if there is any misuse of the Binance P2P platform or any unfair activity, I hope appropriate action will be taken.
Thank you very much for your time and consideration.#P2PScam #P2PScamAwareness