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👥️ HOW TO USE P2P TO GENERATE PROFITS?
_ The term P2P comes from "Peer to peer", which means person to person. P2P is essentially the digital version of "buying and selling from person to person"; it's as simple as it sounds.
_ In the financial world, this activity is known as "arbitrage", where the goal is to generate a profit from the buying and selling margin of an asset.
_ To start arbitraging on Binance, you need at least these 3 things:
1.) A bank account from which you can make and receive payments; it can also be a digital wallet. The more payment methods you offer, the better. You'll see why later.
2.) Sufficient capital to make it profitable. In arbitrage, the goal is not to seek large profits but rather small profits in greater quantities. The idea is to extract a minimum profit from each dollar, so the more dollars you have, the greater your profits per round will be. (1 round is equal to selling and buying all your capital)
3.) A powerful device or ideally a computer to easily access your bank account and carry out transactions.
_ If you already have all this, I'll explain how to make money step by step:
Step 1: The first thing you need to do is add your payment method in your P2P profile. It's important to emphasize that the payment method you choose must match your Binance details; you must be the account holder, or you could have issues with "third-party payments".
Step 2: Create a competitive ad to sell your dollars at a price that leaves you a small margin. This margin is commonly referred to as a gap; for example, if you sell your dollars at 1.1 and buy them at 1.05, your gap is 0.05 dollars per dollar. This is the amount you need to multiply by your total capital; in this hypothetical case, with a round of 1000$ , you would be generating 50$ .
Step 3: Create another purchase ad at a lower price than your selling price. The difference will be your profit.
_ The term P2P comes from "Peer to peer", which means person to person. P2P is essentially the digital version of "buying and selling from person to person"; it's as simple as it sounds.
_ In the financial world, this activity is known as "arbitrage", where the goal is to generate a profit from the buying and selling margin of an asset.
_ To start arbitraging on Binance, you need at least these 3 things:
1.) A bank account from which you can make and receive payments; it can also be a digital wallet. The more payment methods you offer, the better. You'll see why later.
2.) Sufficient capital to make it profitable. In arbitrage, the goal is not to seek large profits but rather small profits in greater quantities. The idea is to extract a minimum profit from each dollar, so the more dollars you have, the greater your profits per round will be. (1 round is equal to selling and buying all your capital)
3.) A powerful device or ideally a computer to easily access your bank account and carry out transactions.
_ If you already have all this, I'll explain how to make money step by step:
Step 1: The first thing you need to do is add your payment method in your P2P profile. It's important to emphasize that the payment method you choose must match your Binance details; you must be the account holder, or you could have issues with "third-party payments".
Step 2: Create a competitive ad to sell your dollars at a price that leaves you a small margin. This margin is commonly referred to as a gap; for example, if you sell your dollars at 1.1 and buy them at 1.05, your gap is 0.05 dollars per dollar. This is the amount you need to multiply by your total capital; in this hypothetical case, with a round of 1000$ , you would be generating 50$ .
Step 3: Create another purchase ad at a lower price than your selling price. The difference will be your profit.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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