How people are making money using P2P that you don't know

Mr.suevie

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Quote from: Justbillywitt on March 14, 2024, 01:54:08 AM

Quote from: Ruttoshi on March 13, 2024, 12:38:16 PM

Thanks for all the information. Merchant on exchange are rich people because funds most be available to trade with. This makes p2p merchant not for all. There are also good exchanges out there that have efficient service and no delay in payment. Kucoin is a good exchange, and their p2p merchant does not waste time to make payments, may be you can also try that too.

I am used to Binance, and I use Kucoin as my alternative. Nigeria government only shut down Binance, but they forgot that crypto investors will switch to the next exchange. I thinkthere is something that Binance, and the Federal government of Nigeria is not telling the public. Dollars to Naira is still at 1590-1630. Why hasn't Naira gained value over the USD after sanctioning Binance from Nigeria.

One of the main reasons why the federal government is after Binance is that, Binance listed the Naira (ngn) as a trading pair in their exchange. They feel that the listing of ngn as a trading pair in Binance is the main reason why the Naira has been falling. If you check other exchanges I don't think something like that exist. At least I have checked Kucoin I didn't see where the ngn is listed as a trading pair. But still p2p is existing for Nigerians. This one thing the federal government is holding against Binance.

I doubt that's the sole reason why the Nigerian government is after binance and the reason why I say this is because binance isn't the only exchange that has been forced to restrict ngn-to-usdt trade because I know of some exchanges like busha and some other which have also deactivated their P2P function on their exchange and I know very well that these exchanges don't have the ngn listed among currency in their trading pairs.

Best-mary

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Quote from: sokani on March 15, 2024, 12:36:26 PM

Quote from: Best-mary on March 13, 2024, 11:00:52 AM

An article comparing Bitget and Bybit P2P has been written, which I hope will be helpful to many and provide insight into which platforms to utilize. All relevant information is contained within this article:

https://x.com/empress_btc/status/1767917625596625115?s=20

Thanks for sharing dis information. Di article dey educative and e no look like a promotional article to shill about dis trading platforms. I dey aware of both exchanges but I kno no say both of them dey run P2P services. Since the removal of P2P trade on Binance, I don dey look Kucoin and MEXC one eye but I never really decide which one I go use. Binance don cement him place for Nigerian market and any of dis exchanges wey go fit step up with ogbonge P2P services, na their everybody go run go.

Omoh na so we see am na the reason I say make I share that update. Na wetin I dey do ghan and e don help me one wey or the other. Mexc sha no too bad but you fit still do more research about the cex. Na the two Cex wey I don use, try and confirm that's why I share that update and I dey happy say people dey benefit with am

sokani

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Quote from: Best-mary on March 13, 2024, 11:00:52 AM

An article comparing Bitget and Bybit P2P has been written, which I hope will be helpful to many and provide insight into which platforms to utilize. All relevant information is contained within this article:

https://x.com/empress_btc/status/1767917625596625115?s=20

Thanks for sharing dis information. Di article dey educative and e no look like a promotional article to shill about dis trading platforms. I dey aware of both exchanges but I kno no say both of them dey run P2P services. Since the removal of P2P trade on Binance, I don dey look Kucoin and MEXC one eye but I never really decide which one I go use. Binance don cement him place for Nigerian market and any of dis exchanges wey go fit step up with ogbonge P2P services, na their everybody go run go.

Best-mary

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Quote from: Amphenomenon on March 14, 2024, 03:13:45 AM

Quote from: Best-mary on March 13, 2024, 11:00:52 AM

For those who don't know, Merchants on P2P are paid wholesomely. That's what the government likely sense and decided to forcely make Binance to pay tax so that in return everybody using It will pay a fee when using P2P. Well, as we all see they failed in that. And I like as Binance made them understated you can't take everything from your people.

Government getting tax from this exchange is understandable and many will be supporting this, top
Countries has been using tax to regulate cryptocurrency and Nigeria doing it is not a bad idea, the only issue that makes this disappointing is the approach of the government towards this regulation which makes it seems like they are more concerned about fining binance than regulating these exchanges

Quote from: Best-mary on March 13, 2024, 11:00:52 AM

In the sense that Binance thwarted those efforts, we still find it essential to understand how to make money efficiently using P2P. Some users opt for any exchange because they reside in a 'my friend said' arena. However, it's crucial to be discerning and knowing reason why I use this particular cex for P2P and to identify which exchange offers better rates and is more favorable. An article comparing Bitget and Bybit P2P has been written, which I hope will be helpful to many and provide insight into which platforms to utilize. All relevant information is contained within this article:

https://x.com/empress_btc/status/1767917625596625115?s=20

You did a good job on your review and base on it we can say bitget is better than bybit but if I be frank base on your review about p2p scam being more common on bybit than bitget, I see this as true since after all bybit is a bigger exchange than bitget and so will attract more scammers and good vendors but the fact is that no matter which exchange or platform we use for p2p, we should be cautious about who we are dealing with to avoid being scam, this thread helpful to anyone who has not seen it Tips to Avoid Scams on Cryptocurrency p2p Exchanges

I'm not interested in becoming a vendor but I can say these vendor bonuses are attractive but I guess this your review just gave some us another business idea Thanks God bless you, but it's advisable for anyone venturing in to this business to do their own research before starting

I appreciate this and I'm glad I was able to send something that will help everyone and anyone.

I agree with you in the sense of people using Bybit P2P is enormous that's why the easy scam trade. But there are efficient way to surpass this. Maybe when I am chanced I'll write an article on it.

Best-mary

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Quote from: Cryptomultiplier on March 13, 2024, 04:13:58 PM

Merchant traders are long time traders that have been in the game for long. They are also that because of the huge amount of capital they invest into trading on the P2p network. They are there to make profit.

That being said, anyone who doesn't have as much capital to start a P2p business can device the strategy of saving up or HoDling for a duration, while still doing more research and increasing the knowledge of trading/P2p.

This is not a bad strategy and a good idea for anyone who wants to start up P2P business. But don't you think someone with 1K usdt can start up an escrow business?

If you check from that post you did see there are benefits in trading on P2P. I also stated how the cex gives out 5 usdt for each 1K usdt sold in a week.

I think is best we start from somewhere. Who knows, the little we start with can become something big

Ticdeneb

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Quote from: Justbillywitt on March 14, 2024, 01:54:08 AM

Quote from: Ruttoshi on March 13, 2024, 12:38:16 PM

Thanks for all the information. Merchant on exchange are rich people because funds most be available to trade with. This makes p2p merchant not for all. There are also good exchanges out there that have efficient service and no delay in payment. Kucoin is a good exchange, and their p2p merchant does not waste time to make payments, may be you can also try that too.

I am used to Binance, and I use Kucoin as my alternative. Nigeria government only shut down Binance, but they forgot that crypto investors will switch to the next exchange. I thinkthere is something that Binance, and the Federal government of Nigeria is not telling the public. Dollars to Naira is still at 1590-1630. Why hasn't Naira gained value over the USD after sanctioning Binance from Nigeria.

One of the main reasons why the federal government is after Binance is that, Binance listed the Naira (ngn) as a trading pair in their exchange. They feel that the listing of ngn as a trading pair in Binance is the main reason why the Naira has been falling. If you check other exchanges I don't think something like that exist. At least I have checked Kucoin I didn't see where the ngn is listed as a trading pair. But still p2p is existing for Nigerians. This one thing the federal government is holding against Binance.

Whatever the reason might be, the end point is that the government is after Binance and we must seek alternatives. From the reviews I've seen so far, Bitget isn't a bad option. I've used it for P2P transactions and it's swift and secure.

Amphenomenon

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Quote from: Best-mary on March 13, 2024, 11:00:52 AM

For those who don't know, Merchants on P2P are paid wholesomely. That's what the government likely sense and decided to forcely make Binance to pay tax so that in return everybody using It will pay a fee when using P2P. Well, as we all see they failed in that. And I like as Binance made them understated you can't take everything from your people.

Government getting tax from this exchange is understandable and many will be supporting this, top
Countries has been using tax to regulate cryptocurrency and Nigeria doing it is not a bad idea, the only issue that makes this disappointing is the approach of the government towards this regulation which makes it seems like they are more concerned about fining binance than regulating these exchanges

Quote from: Best-mary on March 13, 2024, 11:00:52 AM

In the sense that Binance thwarted those efforts, we still find it essential to understand how to make money efficiently using P2P. Some users opt for any exchange because they reside in a 'my friend said' arena. However, it's crucial to be discerning and knowing reason why I use this particular cex for P2P and to identify which exchange offers better rates and is more favorable. An article comparing Bitget and Bybit P2P has been written, which I hope will be helpful to many and provide insight into which platforms to utilize. All relevant information is contained within this article:

https://x.com/empress_btc/status/1767917625596625115?s=20

You did a good job on your review and base on it we can say bitget is better than bybit but if I be frank base on your review about p2p scam being more common on bybit than bitget, I see this as true since after all bybit is a bigger exchange than bitget and so will attract more scammers and good vendors but the fact is that no matter which exchange or platform we use for p2p, we should be cautious about who we are dealing with to avoid being scam, this thread helpful to anyone who has not seen it Tips to Avoid Scams on Cryptocurrency p2p Exchanges

I'm not interested in becoming a vendor but I can say these vendor bonuses are attractive but I guess this your review just gave some us another business idea Thanks God bless you, but it's advisable for anyone venturing in to this business to do their own research before starting

Justbillywitt

sr. member

Activity: 378

Merit: 285

Quote from: Ruttoshi on March 13, 2024, 12:38:16 PM

Thanks for all the information. Merchant on exchange are rich people because funds most be available to trade with. This makes p2p merchant not for all. There are also good exchanges out there that have efficient service and no delay in payment. Kucoin is a good exchange, and their p2p merchant does not waste time to make payments, may be you can also try that too.

I am used to Binance, and I use Kucoin as my alternative. Nigeria government only shut down Binance, but they forgot that crypto investors will switch to the next exchange. I thinkthere is something that Binance, and the Federal government of Nigeria is not telling the public. Dollars to Naira is still at 1590-1630. Why hasn't Naira gained value over the USD after sanctioning Binance from Nigeria.

One of the main reasons why the federal government is after Binance is that, Binance listed the Naira (ngn) as a trading pair in their exchange. They feel that the listing of ngn as a trading pair in Binance is the main reason why the Naira has been falling. If you check other exchanges I don't think something like that exist. At least I have checked Kucoin I didn't see where the ngn is listed as a trading pair. But still p2p is existing for Nigerians. This one thing the federal government is holding against Binance.

Cryptomultiplier

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Merchant traders are long time traders that have been in the game for long. They are also that because of the huge amount of capital they invest into trading on the P2p network. They are there to make profit.

That being said, anyone who doesn't have as much capital to start a P2p business can device the strategy of saving up or HoDling for a duration, while still doing more research and increasing the knowledge of trading/P2p.

Zanab247

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I know that the government come too late to stop the youth of Nigeria not to be using P2P to market their coins to cash out their money and, since they forced binance exchange out of the country, you can see that many ways has opened for people to discover potential exchange app.

I pray that our government shouldn't discover all those exchange app people are using now to sell their coins to increase their wealth because, it sound like say the government is looking for way to make huge amount of money to stop this inflation that is affecting the country.

Best-mary

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Quote from: Ruttoshi on March 13, 2024, 12:38:16 PM

Thanks for all the information. Merchant on exchange are rich people because funds most be available to trade with which makes p2p merchant not for all. There are also good exchanges out there that have efficient service and no delay in payment. Kucoin is a good exchange, and their p2p merchant does not waste time to make payments, may be you can also try that too.

I am used to Binance, and I use Kucoin as my alternative. Nigeria government only shut down Binance, but they forgot that crypto investors will switch to the next exchange. I thinkthere is something that Binance, and the Federal government of Nigeria is not telling the public. Dollars to Naira is still at 1590-1630. Why hasn't Naira gained value over the USD

Oh, I haven't tried it yet. Will look into it as well, I appreciate this and yes Nigeria government know what they're doing. Currently, things in the market keeps increasing. Just imagine a bag of water is now #400. Should we say is dollars that's increasing water too?

We are just finding means to survive and I'll keep sharing and information that will be beneficial to everyone. Thank you once more

Ruttoshi

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Thanks for all the information. Merchant on exchange are rich people because funds most be available to trade with. This makes p2p merchant not for all. There are also good exchanges out there that have efficient service and no delay in payment. Kucoin is a good exchange, and their p2p merchant does not waste time to make payments, may be you can also try that too.

I am used to Binance, and I use Kucoin as my alternative. Nigeria government only shut down Binance, but they forgot that crypto investors will switch to the next exchange. I thinkthere is something that Binance, and the Federal government of Nigeria is not telling the public. Dollars to Naira is still at 1590-1630. Why hasn't Naira gained value over the USD after sanctioning Binance from Nigeria.

Best-mary

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Quote from: Wiwo on March 13, 2024, 12:00:17 PM

Nice so you made the point here and you have succeeded to promote you referral code in the article but you forget to mentioned what freebies and bonuses await those that register on Bitget and such may not earn you, your aimed referees.

This is the first time I am hearing about Bitter and for sure from the screenshot you shared, their rate is not different from others and for that I don't see any reason why I should abandon any exchange that already risks my kyc on to buy into this idea of yours, since I am not planning to become a merchant over there.

Nope

Nope, if you read again you did see where I noted about the benefits merchants gets and also what those who will be using P2P for the first time will be gaining.. The article is basically on how to earn using P2P. Some people will still choose to download the exchange app or site without using that link and I don't mind it at all.. My focus is to share info that will benefit we the Nigerians. I hope you understand

Wiwo

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Nice so you made the point here and you have succeeded to promote you referral code in the article but you forget to mentioned what freebies and bonuses await those that register on Bitget and such may not earn you, your aimed referees.

This is the first time I am hearing about Bitter and for sure from the screenshot you shared, their rate is not different from others and for that I don't see any reason why I should abandon any exchange that already risks my kyc on to buy into this idea of yours, since I am not planning to become a merchant over there.

Best-mary

jr. member

Activity: 280

Merit: 8

BTC Lover|Crypto Educator| We Grow by Learning!

For those who don't know, Merchants on P2P are paid wholesomely. That's what the government likely sense and decided to forcely make Binance to pay tax so that in return everybody using It will pay a fee when using P2P. Well, as we all see they failed in that. And I like as Binance made them understated you can't take everything from your people.

In the sense that Binance thwarted those efforts, we still find it essential to understand how to make money efficiently using P2P. Some users opt for any exchange because they reside in a 'my friend said' arena. However, it's crucial to be discerning and knowing reason why I use this particular cex for P2P and to identify which exchange offers better rates and is more favorable. An article comparing Bitget and Bybit P2P has been written, which I hope will be helpful to many and provide insight into which platforms to utilize. All relevant information is contained within this article:

https://x.com/empress_btc/status/1767917625596625115?s=20

By the way, is good to know we can still trade on Binance so is best you know what cex you will benefit most when using P2P. Have fun!!

Topic: How people are making money using P2P that you don't know (Read 185 times)