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Getting frustrated with the Binance p2p market. Big merchant are cheating the system.

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Cryptocoins Exchanges / Binance 167 Views

I just lately started trading within the p2p market and the primary couple days have been nice. However then the final week I’ve been getting screwed.

I’m fairly positive the large merchants are cheating the system to take care of a monopoly. Principally I’m on par with them for what I’m promoting(my advertisements are all set to promote my tokens at at $100 to $1500 for eth bnb and btc). I also have absolutely the lowest charges. Placing me at the prime of every page.

Now each couple minutes the large guys will undercut me by a couple of fractions of a % and I will bump mine decrease to be again at the prime of the page and so forth. Though annoying, it’s how the game works and is totally comprehensible.

Now what’s actually concerning and very fishy. The previous few days every time I’m online (about 12 hours a day) I’m getting zero buys, even tho I have the bottom prices and battle for the bottom costs every jiffy. The part that is fishy is that now once I drop % lower than them, I get orders from model new accounts (0 days previous and zero trades which I consider are alt accounts for the large merchants to regulate the market) that buy my complete inventory (about $7000 in my p2p advertisements) they usually just run out the clock without doing or saying something and mechanically cancels the order. Subsequently locking my funds until the timer runs out wasting a half hour every time. (This is occurring 10 occasions a day at the least)

On prime of that, 5 of the large retailers I compete with have blocked me, proscribing me from ever buying and selling with them. Simply because my prices are means lower then there’s.

This is occurring day-after-day now making it unimaginable to get a single actual transactions off the p2p market(even tho my costs are the bottom). That is unfair and makes it unattainable for us new guys to get any traction in the p2p market. Please Binance look into this

submitted by /u/ash_5512
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