Binance Vendors Negotiate Price From $1,000 and Above. Why?

[DabsPoorVersion]

I've been hearing similar things from my friends. Since I don't want to go through KYC requirements again, I only use Binance for P2P transactions. However, since there is a chance that Binance might be banned in our country, I am considering looking for other exchanges that offer a P2P feature to uncover the secret you were talking about. 

I have been using the exchange Baybit for the last few months, I like it with its rates on p2p exchange and there are almost always good rates, you certainly need to look at your currency, but personally I left my choice on this exchange, then see for yourself.

I compared the rates of Bybit and Binance P2P and found that they have similar rates. However, Bybit has lower rates in our local currency, less than 0.01 cents, and I plan to try it out sooner or later. Since there is a possibility of Binance being banned in our country, probably starting next month which is a few weeks from now, it is better to transfer my assets to another exchange to avoid losing access to them. Thank you for your suggestion.

But keep in mind that there are also scammers on buybit p2p, just like on binance, the main thing is not to trust everything that they write to you during the exchange, I think you should know about this and I don’t need to explain how they do it and the main rule should always be, I received the money and Only then did I give my own.

Yes, I am aware that in P2P transactions on Binance, there have been cases where either the buyer or the merchant has been scammed by providing an edited photo of the transferred money. I am not fully informed about the details of these cases as I have only seen them posted in some social media groups, and I am unsure if such scams are the same as the ones in Bybit P2P transactions.

By the way, I have already tried it, and I haven't experienced any issues, the USDT I bought is good to go to purchase my ideal coins Thanks a lot.

[Wiseman]

Yes, I am aware that in P2P transactions on Binance, there have been cases where either the buyer or the merchant has been scammed by providing an edited photo of the transferred money. I am not fully informed about the details of these cases as I have only seen them posted in some social media groups, and I am unsure if such scams are the same as the ones in Bybit P2P transactions.

By the way, I have already tried it, and I haven't experienced any issues, the USDT I bought is good to go to purchase my ideal coins Thanks a lot.

Yes, this happens on any exchanges, it is not news, the main thing is that you know about it and let's hope that this correspondence will be read by newcomers in this business and will not be deceived, after all, the forum is created for this purpose.

[Sokani]

When I am selling huge amount again in the Binance platform and if the vendors negotiate with to slide down the price again, I will screenshot the dialogue with the vendor bring it here for clarification. That dat I was selling 0.034 and the vendors from all the first page were negotiating with me and if I refused they cancelled the trade and finally as I said, I have to bow down to accept the sliding down to be paid. So instead of of 1.9m, I sold it 1.7m.

Bro... Calm down, read through the inputs from other members and digest it. I've never experienced this and if a dispute arises, it could be used against you. If the price of bitcoin depreciates after displaying your selling ad on Binance, you can delete it and create another one which should be a round the current market price. A vendor that's okay with it will buy at the price you set, you don't need to negotiate in the chatbox.

[Faisal2202]

Bro... Calm down, read through the inputs from other members and digest it. I've never experienced this and if a dispute arises, it could be used against you. If the price of bitcoin depreciates after displaying your selling ad on Binance, you can delete it and create another one which should be a round the current market price. A vendor that's okay with it will buy at the price you set, you don't need to negotiate in the chatbox.

You are right, I don't even think that we could negotiate a price while the ad with some specific price has already been set by either the seller or buyer. I would hate p2p if there would be any negotiation, and why do we even need to negotiate, when we have hundreds of other exchanges that we can use for p2p trades? This is just so unreal for me.

But still, as many members have already said, scammers try everything, and I also think the ones who try to negotiate with you on Binance must be scammer, I already have read many cases opened on BTT that how scammers find new ways to steal money from you on Binance specifically. Now this method has got my attraction. The last was a loop in the policy, now this.