How much do P2P traders earn on Centralized Exchanges?

[Big Dirams]

I viewed P2P section of Binance and I noticed that there are many people who do P2P trade not only with their accounts but with the account of trusted 3rd parties. i.e. to be more specific, person says that they'll send money from A bank to your bank account but it might not directly come from their own bank account but from the account of 3rd parties that they manage.
Firstly, I don't understand why they do this and secondly, does anyone know how much money does active P2P trader with a budget of 50K USD can potentially earn per day? I mostly focus on stablecoin to USD/Euro and Bitcoin to USD/Euro P2P traders.

You can see the rates too at the same time sometimes those people who will make a offer of buying and selling in the p2p trades has a lower rates than the actual market price imagine still they profit with these trades and also depends on the availability of the seller/buyer others takes time before replying and other takes quick response who have an order. Does not necessary to have a huge amount immediately in the market still you can make a P2P even like a 1K USD because not all people have the capability to trade huge amount. Other traders do accumulation; others wanted to quick trades it depends on their strategy.

Some  make fast response and quick transaction and some users are very slow and won’t even response quickly. I think some of this top users that are like merchant and exchanges or so are using automated payments method in my opinion because I haven’t made a p2p transaction that I end up taking too long with the transaction. I barely even reach 10 minutes when making this p2p transaction especially when I’m selling I think those users are using automated payments method because they are very fast and sometimes the moment we place the trade then immediately we receive the alert on our account without wasting of time. 

[Cleanshit]

Does not necessary to have a huge amount immediately in the market still you can make a P2P even like a 1K USD because not all people have the capability to trade huge amount. Other traders do accumulation; others wanted to quick trades it depends on their strategy.

Some  make fast response and quick transaction and some users are very slow and won’t even response quickly. I think some of this top users that are like merchant and exchanges or so are using automated payments method in my opinion because I haven’t made a p2p transaction that I end up taking too long with the transaction. I barely even reach 10 minutes when making this p2p transaction especially when I’m selling I think those users are using automated payments method because they are very fast and sometimes the moment we place the trade then immediately we receive the alert on our account without wasting of time. 

When it comes to Capital to start any business self, One don’t need to always have a huge amount first to start up P2P trading. From a scratch  you can start with the little amount, with this as a trader you learn how the market works, the risk and having to build up trust before you decide on increasing your trading volume.
The journey of starting small it give a room we’re even if you loss, it will be a small lost that u should learn from not having to loss big money. So with time your reputation grows and you gain experience to increase your trade. Than at the end of the day consistency and good reputation will be important as just having large capital.

[Ab de villiers]

Some P2P traders also take advantage of the chat option that they have with a customer that they are doing business with either buying or selling and they go ahead to try and negotiate to their own advantage to have some more financial benefits from the trade. Sometimes you find out these traders come along to tell you to accept an amount of money slightly lower than the amount of money you are suppose to get from the trade you are doing. There are traders who will accept, and this is another extra way that P2P traders make money from centralized exchanges even asides the home profits that they make from each trade, they also benefit from the amount of money that they are being tipped.

In the last few years, P2P has been spreading quickly with people doing well while using official accounts on centralized exchanges and also having side businesses as well, which are helping them in P2P because they can go ahead with their regular customers for this; despite having a commission, their profit is pretty good because during this P2P they are also chatting with their customer about its activities. These are helping them. I am really feeling risky, but people who are engaged and now have good circles, their profit and business are turning them good ways. Regulations are strict, but with mutual understanding, using third party accounts and taking more profit is also happening because there are still many ways to skip official channels, and staying in this possible maybe a few people are having this activity, but I feel possible.

[Aanuoluwatofunmi]

I viewed P2P section of Binance and I noticed that there are many people who do P2P trade not only with their accounts but with the account of trusted 3rd parties. i.e. to be more specific, person says that they'll send money from A bank to your bank account but it might not directly come from their own bank account but from the account of 3rd parties that they manage.
Firstly, I don't understand why they do this and secondly, does anyone know how much money does active P2P trader with a budget of 50K USD can potentially earn per day? I mostly focus on stablecoin to USD/Euro and Bitcoin to USD/Euro P2P traders.

The exchange do warns against receiving payment from a third party buyer or seller, you must only engage with your trade with the same person you are dealing with and there must be concession with the name the appearing on the platform to the  account holder name sending you the money.

I think the other question you are trying to ask is about APY you stand to earn from an exchange if you try to engage on a fixed deposit or something related to that, I think all you will need to do is to know what the exchange has on their policy regarding this.

[Hyphen(-)]

I viewed P2P section of Binance and I noticed that there are many people who do P2P trade not only with their accounts but with the account of trusted 3rd parties. i.e. to be more specific, person says that they'll send money from A bank to your bank account but it might not directly come from their own bank account but from the account of 3rd parties that they manage.
Firstly, I don't understand why they do this and secondly, does anyone know how much money does active P2P trader with a budget of 50K USD can potentially earn per day? I mostly focus on stablecoin to USD/Euro and Bitcoin to USD/Euro P2P traders.

P2P traders might be making money because they have been doing it and they don’t seem to stop it right now. They take it as their source of income and they are making cash from it.

About the theirs parties that send account, most of the times, the exchange stands as the escrow to hold the crypto for sellers, until the transaction is confirmed from both parties. If you are buying USDT, you will send your money first to the seller from the exchange then send your payment receipt for confirmation, and you recieve your crypto once confirmed.

I have been using p2p for both buying and selling of crypto to fiat, and I haven’t encountered any problem before because the exchanges stands as escrow to protect their reputation.

[7juju]

Don't make deals with someone who says they will make payments from someone else's accounts.

Provided the person merchant made it clear that they will pay from another third party account, that they control in their terms of service and the account details are also visible, I don’t mind trading such merchant in binance p2p or any other exchange. It’s not entirely bad to deal with a merchant who made it clear before you initiated the trade that they will pay with a third party account. The ones I don’t encourage are those that will tell you they will pay with third party account, after the trade has been initiated.

[taufik123]

Receiving Funds from a third party and not an Account from the same Username is very risky, the rules are even clearly not allowed transactions involving third-party accounts.
The seller's bank account name must be exactly the same as the verified name on the seller's Binance account, otherwise potential fraud is likely to occur.

Binance will also freeze these kinds of transactions because they are considered risky for fraud.
So never make a transaction with the Seller or the buyer using a third-party account.

https://www.binance.com/id/support/faq/detail/360041066751

[shawonngp]

I viewed P2P section of Binance and I noticed that there are many people who do P2P trade not only with their accounts but with the account of trusted 3rd parties. i.e. to be more specific, person says that they'll send money from A bank to your bank account but it might not directly come from their own bank account but from the account of 3rd parties that they manage.
Firstly, I don't understand why they do this and secondly, does anyone know how much money does active P2P trader with a budget of 50K USD can potentially earn per day? I mostly focus on stablecoin to USD/Euro and Bitcoin to USD/Euro P2P traders.

You can see the rates too at the same time sometimes those people who will make a offer of buying and selling in the p2p trades has a lower rates than the actual market price imagine still they profit with these trades and also depends on the availability of the seller/buyer others takes time before replying and other takes quick response who have an order. Does not necessary to have a huge amount immediately in the market still you can make a P2P even like a 1K USD because not all people have the capability to trade huge amount. Other traders do accumulation; others wanted to quick trades it depends on their strategy.

Some  make fast response and quick transaction and some users are very slow and won’t even response quickly. I think some of this top users that are like merchant and exchanges or so are using automated payments method in my opinion because I haven’t made a p2p transaction that I end up taking too long with the transaction. I barely even reach 10 minutes when making this p2p transaction especially when I’m selling I think those users are using automated payments method because they are very fast and sometimes the moment we place the trade then immediately we receive the alert on our account without wasting of time. 

In the case of a P2P transaction, I must first check the merchant's reviews, such as slow transactions or slow responses. In that case, I avoid those merchants; 2 minutes seems standard to me; if the payment is released later, it is very annoying, and I give them negative feedback. But the big merchants have huge order pressure, so they have to take time to verify the order and release the payment.

Because many people try to scam in P2P, many buyers mention it in their bio, and it is clear how long it may take to release the payment. Right, many merchants use automated payment release tools, because I've received payments in just a few seconds from some buyers. Which I find interesting. Such quick payment release is not possible without automation.

[lixer]

Some P2P traders also take advantage of the chat option that they have with a customer that they are doing business with either buying or selling and they go ahead to try and negotiate to their own advantage to have some more financial benefits from the trade. Sometimes you find out these traders come along to tell you to accept an amount of money slightly lower than the amount of money you are suppose to get from the trade you are doing. There are traders who will accept, and this is another extra way that P2P traders make money from centralized exchanges even asides the home profits that they make from each trade, they also benefit from the amount of money that they are being tipped.

In the last few years, P2P has been spreading quickly with people doing well while using official accounts on centralized exchanges and also having side businesses as well, which are helping them in P2P because they can go ahead with their regular customers for this; despite having a commission, their profit is pretty good because during this P2P they are also chatting with their customer about its activities. These are helping them. I am really feeling risky, but people who are engaged and now have good circles, their profit and business are turning them good ways. Regulations are strict, but with mutual understanding, using third party accounts and taking more profit is also happening because there are still many ways to skip official channels, and staying in this possible maybe a few people are having this activity, but I feel possible.

Starting a business is the hardest part of this, because it eats a big chunk of your profit. Most of the time, buying and selling should not be this thin margin in most business ideas, and while some do survive it, most won't. Because the taxes and the costs of running a business are a lot higher than just a few trades, you gotta do big chunks; you gotta trade either a lot of times and make a profit, or you gotta do a huge amount of trading all at once. And not many people can do that.

So if you decide against starting a business on it, and just do it like a regular trader, then you are going to be checked by the IRS or whatever it is in your country, and you are taking a big risk with it as well, so it's not easy.