Automating P2P Trading: Your Experience and Advice

[Merchant Hunt]

Hello everyone!

I am developing a tool designed to improve the trading process on Binance P2P and secure advantageous orders. With this in mind, I would like to hear from experienced traders and enthusiasts about the features and capabilities that are most important to you when working with P2P platforms.

My goal is to gather as many opinions and ideas as possible to create a product that will truly be useful to traders. Your advice and experience will be incredibly valuable.

Key questions for discussion:
1. Which fiat currency do you use most often for trading?
2. What problems do you encounter when trading on P2P?
3. What features and tools do you find most useful for automating the trading process?
4. What security and data protection measures do you consider essential?
5. What experience do you have with P2P bots or automated tools?
6. What criteria do you use when choosing bots or other trading tools?

I promise that all feedback will be taken into account, and you might see your suggestions come to life.

There is already a working version of the software, currently implemented on the most liquid exchange (you know which one). Some functionality has been developed and tested in several countries with good results. I won’t go into details to avoid turning this post into an advertisement. However, I will say that I am happy to offer free access for testing to some interested participants.

I am also ready to answer any questions and discuss your ideas in the comments.

Thank you in advance for your participation and advice!

[Davidvictorson]

Key questions for discussion:
1. Which fiat currency do you use most often for trading?

I use the Nigerian Naira for trading. I don't use Binance because it delisted the Naira/BTC pair due to country regulations.

2. What problems do you encounter when trading on P2P?

So far I haven't encountered any problems whatsoever on any crypto exchange since I have been using their P2P platform.

3. What features and tools do you find most useful for automating the trading process?

I haven't seen any automating feature on an P2P exchange platform. Could you list any of possible?

4. What security and data protection measures do you consider essential?

I like the several warnings to the sell before and during any trades. It is more than one so the sell doesn't miss anyone.

5. What experience do you have with P2P bots or automated tools?

There are P2P bots? Never heard of this.

6. What criteria do you use when choosing bots or other trading tools?

I don't know if this is the answer you are looking for but before I choose a platform, I look for the one with the highest trading volume and that is still working in my country.

[Merchant Hunt]

I use the Nigerian Naira for trading. I don't use Binance because it delisted the Naira/BTC pair due to country regulations.

I have experience working with the Nigerian Naira, and I’ve heard from colleagues in your country that after Binance made it unavailable, many traders moved to Bybit. Is this true? Which platform do most Nigerian users prefer now?

I haven't seen any automating feature on an P2P exchange platform. Could you list any of possible?

Automation features on P2P platforms are indeed quite rare. I’m working on a tool designed to provide some automation capabilities for P2P trading, such as automatic order placement, price monitoring, and more. If you're interested, I'd be happy to discuss this in more detail.

[BitMaxz]

I never experienced using a bot on P2P trading it's pretty risky if we are going to use a bot in P2P it will lead to manipulation not by the bot itself but by others who know how the bot works.

This is the first time that I heard of this bot are you developing a bot for P2P?
I am interested to see the result but I don't want to test it for myself why not make some video on how to use the bot in P2P?
Take note most people here don't trust newbies I don't know if the software you are trying to promote here are safe.

[ralle14]

2. What problems do you encounter when trading on P2P?

The only problem that i've experienced once was the long waiting time, I recall wasting almost an hour only for my order to get canceled.

4. What security and data protection measures do you consider essential?

Mostly the passkeys or 2fa process before withdrawing or releasing the funds.

6. What criteria do you use when choosing bots or other trading tools?

I haven't done any trades with a bot, but one of my criteria is high completion rates.

I skipped more than half of the questions because my answers are more or less similar to Davidvictorson's post above.