How to Earn Money With Binance P2P | Binance Blog

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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.

 

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