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learn · taker

How to trade P2P on Binance as a taker

Full written guide is coming — here's the outline, and the video that'll go with it.

video coming soonHow to trade P2P on Binance as a taker
  1. 01What a taker actually is, and why most P2P guides only teach this side
  2. 02Reading the order book: price, ads count, and why the top price isn't always fillable
  3. 03Picking a payment rail — speed vs. fees vs. limits
  4. 04Checking a merchant before you trade: completion rate, order count, what to ignore
  5. 05Walking through a first trade end to end, with the mistakes that cost people money

two notions worth knowing before you trade

Spread

Every two-sided market — stocks, forex, P2P — has a gap between the best buy price and the best sell price. That gap is the spread, and on P2P it can vary a lot by payment method, since each rail is really its own small market. Full explainer →

Rail

The payment method a trade settles through — the P2P version of a bank wire or a card network. Different rails on the same market routinely quote different prices. Full explainer →

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