My experience of earning on P2P / Pros and cons!
Today I would like to talk a bit about earning on P2P.
Although I am a newcomer to trading, investing, and earning from various activities in cryptocurrency, I have traded quite well and continue to trade on P2P.
I trade in Ukrainian hryvnias, but I face numerous problems with bank blockages, as the attitude towards cryptocurrency in Ukraine is not the best, and with small turnover on the card, your banks get blocked, and you have to look for new ones for trading. This is probably the biggest downside.
In Europe, I know it’s different; the situation with banks is much better there, but there may be issues with traffic directly on P2P.
However, despite all this, you can find numerous profitable methods for earning on P2P, and this area, despite its saturation and information scams, remains profitable!
The main things you need to pay attention to:
- From whom you are accepting (If it’s a third party, it’s worth checking the statistics, do not accept from accounts with zero statistics, and it’s better not to accept from third parties at all)
- Rates on different directions (First, it’s better to understand how the rate works many times, what you need to stand in the order book, and only then to set your prices)