Crypto enthusiast from India, exploring the world of digital assets. always on the lookout for the next big opportunity in the crypto space. Follow to support:)
Feeling completely helpless right now. Binance has suspended my P2P maker functions due to what seems to be a misunderstanding đ. Iâve always tried to follow the rules, but this restriction has left me stranded and unsure of how to move forward.
Iâve submitted an appeal and am hoping for a resolution, but the waiting and uncertainty are incredibly stressful. P2P trading is my primary source of income, and this restriction has brought everything to a standstill.
To anyone reading this, if youâve faced similar situations, how did you handle it? Any tips or support would mean the world to me đ. Binance, please review my case fairly and allow me to get back on track.
Facing Bank Account Challenges in P2P Transactions via Binance
P2P (peer-to-peer) trading on Binance has been a productive way for me to earn profits. However, a recent transaction has led to both my Jio Payments Bank and ICICI Bank accounts being frozen, leaving me in a helpless situation. Despite my efforts to resolve the issue, conflicting information and bureaucratic hurdles have made the process increasingly frustrating.
What Happened?
Hereâs the full breakdown of the issue:
1. I completed a trade on Binance P2P, receiving âč7,100 into my Jio Payment
Binance Faces Market Manipulation: Itâs Time for Change! đ„
Traders on Binance are growing increasingly frustrated. Large orders appear in the order book, shift prices up or down, and then vanish without a trace. Is this a sign of manipulation at play? The truth is, big players and bots are using these tactics to push markets in their favorâleaving smaller traders to pick up the pieces.
The Deceptive Tactics Ruining the Market:
Spoofing: A strategy where massive fake orders are placed to create an illusion of market direction. As soon as the price moves, the orders are pulled, leaving traders stuck.
Wash Trading: Fake buying and selling to pump up trading volumes and create misleading price movements. Itâs a classic move to mislead traders into thinking thereâs more market activity than there really is.
These practices make it harder for regular traders to compete, creating an unfair market that leaves them feeling powerless. But is it too late for Binance to fix this?
How Binance Can Step Up:
1. Spot Fake Orders Fast đš: Binance needs to leverage cutting-edge tech to identify and block spoofed orders. Fake orders should have no place in the order book!
2. Enforce Real Consequences âïž: Binance must impose penalties on accounts caught using manipulative tactics. Spoofing and wash trading shouldn't be toleratedâletâs send a message that the market wonât be hijacked.
3. Tighten Bot Control đ€: Bots are often responsible for artificial price movements. Binance should implement tighter regulations on bots, reducing their ability to manipulate the market with speed and precision.
4. Make the Order Book Transparent đĄ: Introduce a minimum order visibility time to ensure that placed orders stay active long enough to give traders confidence that theyâre real.
5. Empower Traders đ ïž: Equip users with educational resources and advanced tools to spot and avoid market manipulation. Knowledge is power in the crypto space! #BTCXmasOrDip? #GrayscaleHorizenTrust #BinanceLaunchpoolBIO #BTCNextMove #BinanceLabsBacksUsual
This holiday season, let crypto work its magic! đđž đ Swap gifts for digital assets. đ Share the joy of financial freedom. đ Secure your future with blockchain blessings.
Whether you're HODLing or trading, let this Christmas bring you abundant gains and miracles in your wallet. đ đ
Believe in the power of the season and the promise of crypto. Wishing you a profitable and joyous holiday! đđđ°
CS team said, your P2P maker functions are disabled permanently for wast trading , but trust me I never do anything wrong! currently I m frustrated đ„Žđ”
D4Y4Z
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Is the market manipulated?
Many traders on Binance have noticed something suspicious: large orders appear in the order book, push the price up or down, and then disappear without a trace. These actions, often done by big players or bots, create an unfair trading environment and hurt small investors. Common tricks include: Spoofing: Placing fake big orders to make others think the price will move, then canceling them.Wash Trading: Fake buying and selling to inflate the trading volume and mislead traders. These tactics distort the market and make it harder for regular traders to succeed. But what can Binance do to stop this? What Binance Can Do to Stop Market Manipulation Detect fake orders: Use technology to find and block orders that appear and disappear too quickly.Punish bad behavior: Penalize accounts involved in manipulation, like spoofing or wash trading.Control bots: Limit the impact of bots that create artificial price movements.Make the order book more transparent: Ensure visible orders are real by requiring them to stay active for a minimum time.Protect traders: Educate users on how to avoid traps and provide better tools to manage risk. Why Binance Must Act Now If Binance wants to stay the number one exchange, it needs to prove it protects its users. Small traders are the backbone of the crypto market, and if they feel the system is unfair, they will move to platforms that offer more security and transparency. Stopping fake orders and manipulative tactics is the key to rebuilding trust. The future of fair trading depends on it. What do you think? Should Binance take stronger action again st market manipulation? Let us know!
The #ReboundRally is fueling excitement across the crypto market! With coins like $BTC , $ETH and $BNB
showing strong momentum, this rally could mark the start of a new bullish phase. Whether youâre hodling or trading, nowâs the time to watch the charts closely and plan your next move. The market is alive with opportunitiesâdonât miss the wave of recovery and growth.
As markets show signs of recovery, the #MarketRebound is not just a financial term; itâs a symbol of resilience and optimism. This upward trend signals new opportunities for growth and innovation. Whether you're an investor or an observer, itâs time to stay informed and strategize for the future. Letâs celebrate the bounce back and look forward to a prosperous horizon.
đđ #ChristmasMarketAnalysis 2024 is here! Explore crypto trends with Binance for the festive season. Don't miss out on the opportunities to grow your portfolio this holiday season. đđ $BTC $ETH $BNB
Stay calm and seize the opportunity! A market pullback isn't the endâit's a chance to buy the dip and strengthen your portfolio. Analyze, plan, and invest wisely during these corrections for long-term gains.
Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.Â
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks: 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).Â
Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.Â
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.Â
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.Â
#squreponit $USDC Square Daily Point is a special weekly reward that will give you points. Don't miss this opportunity. Check in at the Binance Square Task Center, post daily with the hashtag or coin-pair of the day, and share in $5K USDC of rewards! You also have the ability to earn other gift vouchers by easily interacting with points here.