Is P2P trading profitable? As with all trading, there is a risk attached and thus no guarantee that it will be profitable. However, high market volatility, liquidity and added control over price settings mean that, if executed effectively, P2P trading could be a potentially profitable enterprise.
Is it cheaper to buy P2P? Lower Fees: Some P2P exchanges do have fees, but they’re usually much lower than standard exchange fees. And because there isn’t an intermediary on a P2P exchange, these platforms typically only charge an escrow fee.
Can you get scammed in P2P Binance? Via the Merchant/User Profile
If you suspect a merchant/user is conducting scams or malicious activities on the Binance P2P platform, you can report them from their profile by tapping [Report].
What is the best P2P Crypto exchange?
- Binance P2P – Best of all. Binance Review.
- Paxful. Paxful Review.
- ByBit P2P. ByBit Review.
- Huobi P2P – Best for 0 fees exchange. Huobi Review.
- LocalBitcoins – Best for P2P Bitcoin Exchange. LocalBitcoins Review.
- HODL HODL. HODL HODL allows you to trade Bitcoin, Ethereum,