For example, setting a competitive price point will give you a strong reputation in the community. You can set a thin price spread to reach more customers or set a wide price spread to generate more revenue with our ads. Publish buy and sell adsīinance P2P’s ad posting feature is designed to meet the different goals and needs of the crypto community. 3 P2P Trading Strategies to Earn Money 1. You can also share your ad on the Internet to reach more users outside Binance P2P. Some users are willing to pay more if you support harder-to-reach payment methods. Make sure you set a fair price and a wide range of payment methods. If you want to earn money with P2P trading, your offer must be competitive. If you want to get a lower price, you can set up a floating price margin of 99.98%. If you want to buy USDT at the market price, you can set a floating price margin of 100% (pricing formula 0.99 x 100% = $0.99). On the other hand, floating price ads fluctuate with the market. If USDT costs 0.99 USD and you want to earn 5%, you would set a fixed price of 1.04 USD. P2P Merchant: When posting your P2P advertisement, you can choose between fixed or floating price. For example, price of materials, shipping etc. Strategize your pricingĪmazon Merchant: Once you’ve found your product or niche, you must ensure your profit margins exceed your costs. With a bit of effort, you can carve your niche on Binance P2P. P2P Merchant: Find the right combination of cryptocurrency, fiat and payment method that’s hot in demand. You take advantage of Amazon to reach users worldwide. Select an asset(s) to leverageĪmazon Merchant: You find a specific product high in demand but low in supply. Similar to services like Amazon Merchant, Binance P2P also allows you to start a business without a large amount of capital. How to Start Your P2P Trading Businessīefore we dive into the different P2P trading strategies, here’s an analogy to help you understand how our marketplace operates like a “merchant economy.” Either you’re tired of your daily job or looking for a side-hustle to generate extra income. To learn more about Binance P2P’s different benefits, you can read our helpful article on why P2P is the best way to buy crypto. With more than 300 payment methods, including SEPA and bank transfer, and more than 150 local currencies, Binance P2P provides a more customizable trading experience over traditional methods like spot trading. Unlike traditional crypto exchanges, which collect a small fee from every transaction, P2P marketplaces like Binance P2P allow users to transact Bitcoin and other cryptocurrencies with zero fees. If an issue arises during the transaction, you can file an appeal, and our customer service will help resolve the problem. Once you match and start dealing with a suitable buyer, your cryptocurrency is temporarily deposited until you confirm the funds have reached your bank account. To ensure a safe trading environemnt for users, every trade on Binance P2P goes through our escrow service. Below are three reasons why users prefer Binance P2P for their daily crypto trading. Trusted by millions of users, Binance P2P facilitates crypto transactions in your preferred payment method, local currency and price. If you’re looking for a P2P marketplace, Binance P2P is a trusted trading platform designed for risk-conscious and everyday crypto traders. While traditional exchanges help broker your crypto orders, P2P trading typically does not involve a third party to ensure your transaction goes smoothly. Keep in mind, the freedom of P2P trading does carry certain risks. With P2P trading, you get more authority over who and how you trade. Unlike traditional exchanges, buying and selling crypto on a P2P marketplace does not include charts and market indicators. Peer-to-peer trading, also known as P2P trading, involves direct cryptocurrency transactions between users without a third party or intermediary. Whether you’re an established trader or a first-time crypto user, anyone can open a trading business on Binance P2P. In this article, learn why users prefer Binance P2P, how the P2P merchant economy functions and discover basic P2P trading techniques to kickstart your crypto business. Binance P2P is a peer-to-peer marketplace where you can directly trade crypto with other Binance users.īinance P2P facilitates crypto transactions in your preferred payment method, local currency and price.
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