Binance P2P is a marketplace that allows you to trade crypto with other Binance users. You can use it to make money. L-earn more 👇
, and more than 150 local currencies, Binance P2P provides a more customizable trading experience over traditional methods like spot trading.why P2P is the best way to buy crypto.Before 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.
P2P Merchant: Find the right combination of cryptocurrency, fiat and payment method that’s hot in demand. With a bit of effort, you can carve your niche on Binance P2P.Amazon Merchant: Once you’ve found your product or niche, you must ensure your profit margins exceed your costs. For example, price of materials, shipping etc.
P2P Merchant: When posting your P2P advertisement, you can choose between fixed or floating price. If USDT costs 0.99 USD and you want to earn 5%, you would set a fixed price of 1.04 USD. On the other hand, floating price ads fluctuate with the market. If you want to buy USDT at the market price, you can set a floating price margin of 100% . If you want to get a lower price, you can set up a floating price margin of 99.98%.
Binance P2P’s ad posting feature is designed to meet the different goals and needs of the crypto 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. For example, setting a competitive price point will give you a strong reputation in the community.Arbitrage is the practice of trading assets on different markets and profiting off the slight price differences.
Say you buy BTC with EUR and sell it in the EUR market, you earn $510. However, if you buy BTC with USD and sell it in the USD market, you lose $578. For this example, you could leverage the price difference if you own a multi-currency bank account or two bank accounts, one for USD and one for EUR.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This Week at Binance: Jan 8—14, 2022 | Binance BlogIn today’s edition of This Week at Binance (Jan 8—14, 2022): CZ released an FAQ on what makes Binance successful, we became the official AFCON sponsor and launched a new way to transfer crypto via secure codes.
Read more »
How to Get Started With Binance Code | Binance BlogDiscover Binance Code—our latest crypto transfer gateway for everyday users and crypto or non-crypto businesses.
Read more »
Binance (@binance) TikTok | Watch Binance's Newest TikTok VideosBinance (binance) on TikTok | 68.8K Likes. 49.5K Fans. The World's Leading Blockchain ecosystem and digital asset exchange.
Read more »
The Perfect Time For Passive Income With Crypto: When Should I Start? | Binance BlogWhile passive income with crypto is generally a good way to grow your wealth successfully, you should consider your financial position and lifestyle before starting. Figure out which product suits you best with Binance Earn.
Read more »
Uruguay reportedly installs its first Bitcoin ATMThe crypto ATM in Uruguay currently supports withdrawal and deposits of five cryptocurrencies, namely — BTC, Binance Coin (BNB), Binance USD (BUSD), Ferret Token (FRT) and Urubit (URUB).
Read more »
Buy/Sell Bitcoin, Ether and Altcoins | Cryptocurrency Exchange | BinanceBinance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume
Read more »