#binancep2pantoan @Binance Vietnam
Trading with foreign merchants on Binance P2P – an exciting experience with risks
I used to buy USDT from Thai and Singapore merchants because the exchange rate was better at the time. International bank transfers are more complicated—you need to use Wise or a bank that supports it.
The waiting time is also longer than with domestic trades. The advantage is having more exchange-rate options. The biggest downside is the risk of FX rate fluctuations and longer confirmation times. The escrow principle still protects you, but international disputes usually take more time to resolve.
In terms of safety, I only choose merchants with very large order volumes and nearly perfect ratings. After a few times, I realized that domestic trading is still much safer and more convenient for me.
Trading with foreign merchants on Binance P2P – an exciting experience with risks
I used to buy USDT from Thai and Singapore merchants because the exchange rate was better at the time. International bank transfers are more complicated—you need to use Wise or a bank that supports it.
The waiting time is also longer than with domestic trades. The advantage is having more exchange-rate options. The biggest downside is the risk of FX rate fluctuations and longer confirmation times. The escrow principle still protects you, but international disputes usually take more time to resolve.
In terms of safety, I only choose merchants with very large order volumes and nearly perfect ratings. After a few times, I realized that domestic trading is still much safer and more convenient for me.