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RE: ## STEEMIT CRYPTOACADEMY | SEASON 2 WEEK 1 : P2P Market-USDT (Binance/Huobi)

in SteemitCryptoAcademy3 years ago (edited)

Thank you for attending the lecture in Steemit-Crypto-Academy- Season 2 & doing the homework task-1.

There is no minimal amount in p2p,sometimes you can trade as low as 1usdt,this depends on both the seller and the buyer. In my case the lowest I've traded was about 1,632 naira.
So as long as the buyer and seller agrees ,there's no minimum or we could just say the minimum is 0.

The minimum amount to publish an Ad is 100 USDT. But you can still buy/sell an amount below 100 USDT, should the Advertiser set the min/max limit like that.

The Advertiser has the freedom to set the min/max limit on his own(Binance does not set any criteria for that). So if an Advertiser has set the minimum limit as 1 USDT, then you can easily buy 1 USDT as Market Taker.

How much cost do you save using Tron Network as compared to ERC-20 USDT?"

At present, the withdrawal fee in ERC-20 USDT is 20 USDT whereas the same for TRC 20 USDT is 1 USDT in Binance.

So if you ever plan to move your USDT from one exchange to another and if TRC 20 USDT is supported in both exchanges, then you should consider using Tron Network, that can save you 19 USDT s compared to ERC 20 USDT.

Feedback/Suggestions:-

  • The author has demonstrated "how to Buy USDT in Binance P2P as Market Taker"(he has included a trade of recent past to explain).
  • One or two rounds of proof-reading required, we would also suggest the author to format the post properly using Markdown, leaving white spaces between two paragraphs, etc.

Thank you.


Homework Task -1 accomplished.
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Thank you for your feedback sir, I'll do that