What would be considered to be an acceptable fees to pay % commissions on p2p market?
I see some sellers place up to 20% interests… do really people pay that much?
I can see, that Binance has got the best deals… but what if One is located in country that is in Binance’s excluded list of regions? Are there any work arounds?
Any subjective opinions are greatly appreciated.
It's usually because of low liquidity, so people have no choice but to buy or sell using the available rates. I have used localcryptos several times and in some countries you find buyers advertising buying and selling crypto at very abnormal rates, but some traders still open the trades because they have no choice
BINANCE p2p has very good rates because there is high liquidity in the p2p marketplace.
What is funny and annoying is that platforms that noncustodial platforms don't require KYC like localcryptos and bisq have very poor liquidity and abnormal rates whereas custodial KYC demanding platforms like Localbitcoins, paxful, binance have so many good deals and traders too.