Why Binance P2P rate is so low now for local currency?
- Thread starter djsobuj
- Start date
ninomino19
Banned - repeatedly selling outside of the MP
- Jun 22, 2015
- 539
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too many sellers wish to earn from nothing
- Jan 27, 2018
- 4,037
- 1,279
What do you mean? Can you please elaborate?
which currency are you talking about?
my local currency price on binance p2p is increasing day by day.
EyeBeholder
Failed to resolve a dispute resolution thread.
- Nov 17, 2022
- 147
- 76
Go for top 1 results always.
- Oct 29, 2021
- 5,620
- 2,903
Same here. Probably lots of seller causing this situation.
- Jan 27, 2018
- 4,037
- 1,279
Looks like my local currency getting stronger against binance/USDT. If the gap between binance and legal remittance money transfer like wise, payoneer getting
lower, no one will use it to bring the money as it is always risky to do p2p, who knows from what bank account you are getting the money from.
That's what I do.
Do you think it will recover soon? Or become worsen?
- Oct 29, 2021
- 5,620
- 2,903
It should recover as BTC or other crypto prices are increasing day by day. Though this market is so much unpredictable.
- Nov 22, 2019
- 6,822
- 1,640
It depends on supply and demand and 5% variation can occur because of this.
- Jan 27, 2018
- 4,037
- 1,279
Last time I see this rate five months ago, p2p price usually increases for the local currency. 5% is very high for this.
It's happening, but not in all countries.
bdman
Elite Member
- Oct 12, 2009
- 3,837
- 2,032
Selling pressure is decreasing the price.