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Cryptocurrency Trading / Re: Fall of P2P platforms, what's your opinion?
« on: Today at 07:47:44 PM »I am sure that p2p trading on Binance will continue for us, because it really makes it easier for us to withdraw money to our personal bank accounts or digital wallets. If this is removed, it will definitely make it difficult for us to withdraw money from the exchange directly to our bank account.I don't think Binance uses its customers' points of view to determine whether they will continue their service in that country. They are just a business, if doing business in a country gives them trouble they will likely exit. IMO it is good if there is competition since monopoly will likely make everything harder for the customer too. If I were in your position, I'd hope other platforms start their services in your country so you don't rely on Binance, although it is odd that an exchange charges more just because you withdraw directly to a bank account. Are you sure it is not because you use a terrible exchange?
Because if you want to make a direct withdrawal from the exchange to a bank account, without going through p2p trading, you will be charged a large fee plus state taxes too.