We know that at first trading on Binance P2P can be a challenge for many users. But there’s no need to worry, it’s simpler than it seems and we’re here to help you. Let us share with you a few tips that will help you find the best offers.
|5 Tips To Pick the Best P2P Offer|
Binance P2P is a peer-to-peer marketplace that allows you to buy or sell crypto directly from another trader just like you; worldwide at ZERO fees. Here are 5 things to look out for to get the best deal possible. Limits: The maximum and minimum amount that you can buy/ sell. You need to look for offers that are in your price range. Eg. if you want to buy 200 dollars of crypto you need to take an offer whose minimum limit is equal to or higher than 200. Price: Binance P2P traders themselves set the buy/sell price of buy/sell. There’s no order book that controls the price and the spread can be very wide, choose the one that suits you best.Orders: Check the number of transactions completed by the trader, choose offers from traders with a high number of transactions. They are usually veterans in P2P trading and provide a seamless trading experience.Completion rate: Check the percentage of transactions that the trader has started and completed successfully. We recommend you to trade with users with an 80% completion rate or higher. The higher, the better. Yellow badge: Try to trade with traders with a yellow badge that confirms that they are verified merchants, experienced in peer-to-peer trading. If you are new to P2P trading, we recommend you to trade with them.
For more information on how to buy and sell cryptocurrency