Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Topic started by: alejandro_programmer on March 17, 2025, 04:14:23 AM
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Hi, I'm starting my experience as a Binance P2P merchant, and I see that some users use bots to set the price of their ads and position themselves first. Has anyone used or knows about these bots? Or is anyone interested in developing/programming one?
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- When it comes to p2p on binance, I can't say that their services on their platform are really good. It's just sad to say that we can no longer use the binance exchange here in our country. All the crypto communities here really regret that about binance.
I hope there will be a chance for binance to operate again here in our country because it's still really different when you use binance,
particularly the p2p features that they really have.
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I am not a merchant of P2P in Binance though I used its P2P market as a seller many times before because it is really convenient and so safe on both seller and buyer as there is a mechanism to make the transactions effective promoting a win-win condition. Sadly, Binance is not anymore authorized to accept business from us in the Philippines though I can still access my account and I can see that there are still local-based merchants actively doing business in there. Now, am not so familiar with the use of bots on pricing but I believe the bot can be useful since it would be inconvenient to be adjusting selling/buying prices every minute. So I guess if one is serious in this business, taking advantage of the bot can be so helpful.
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I am not a merchant of P2P in Binance though I used its P2P market as a seller many times before because it is really convenient and so safe on both seller and buyer as there is a mechanism to make the transactions effective promoting a win-win condition. Sadly, Binance is not anymore authorized to accept business from us in the Philippines though I can still access my account and I can see that there are still local-based merchants actively doing business in there. Now, am not so familiar with the use of bots on pricing but I believe the bot can be useful since it would be inconvenient to be adjusting selling/buying prices every minute. So I guess if one is serious in this business, taking advantage of the bot can be so helpful.
I think professional traders will absolutely love using bots for high-frequency trading on Binance to really make the most of all the awesome opportunities the market throws our way! Bots are so cool because they don't have any emotions, they just zoom through the tasks you set up and act super fast the moment those price difference criteria are met.
Since I just stick to DCA and don't trade very often, I don't use bots on CEXs myself. I also get a little worried that bots might make my account less secure, especially with hackers getting so incredibly clever these days.
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OP doesn't seem to be active anymore, so I'm not sure if he's still looking for a pricing bot or not. That being said, I think he's referring to a tool to make pricing faster for the seller, not necessarily to make arbitrage or buying offers more accessible. I'm not sure how exactly convenient and effective that would be; I can't even tell if a seller uses a bot to make a new offering, whether it's on Binance or not. Anyway, if this is about the Binance P2P platform, wouldn't discussing this further on the crypto exchanges board better? CMIIW.