How to make money online in Venezuela

Since the beginning of the internet, many people have searched for the same answer: How to make money online in Venezuela?

Over time, this answer has changed and evolved, but you'll be happy to know that there are still ways to generate additional income online with just a few steps.

In El Dorado P2P, we are known for always speaking clearly to our users. From the start, we warned you that there is no secret formula for making quick money, nor will you become a millionaire overnight. This is a process that, if you follow the right steps, will help you earn money online from Venezuela without complications.

With that said, let's get to what matters to us.

How to make money in Venezuela online?

Before starting this path, it's important that you understand how you can make money in El Dorado P2P being a merchant.

What is an El Dorado P2P merchant?

Traders in El Dorado P2P are people who create advertisements to buy and sell cryptocurrency, generating income from the exchange rate differential in exchange rates. Thanks to these announcements, El Dorado P2P users can find a variety of options to buy USDT and protect their money from inflation.

How does a merchant make money?

When a merchant creates an exchange offer, they add a small percentage of profit to the price, which varies according to their preference and depends on several factors that we will explain later.

Now that you know how it works, let's see the first steps to making money in Venezuela as a merchant in El Dorado P2P.

First steps to become a merchant

Becoming a merchant isn't as simple as it sounds. It requires patience and, above all, a perfect understanding of these three points:

1. Get to know the application

It is essential that you know the application well. Explore our platform, familiarize yourself with the unique features you have as a merchant, and review requirements, such as:

• Complete 15 orders as a normal user.
• Have a cumulative volume greater than 250 USDT.
• Complete a P2P transaction with three different merchants.
• Trade for seven continuous days with other El Dorado App merchants.

2. Understand the market

Before creating your ads, you should know the market and have references to current prices. You can use our Price calculator to obtain this information, since the exchange rate in P2P markets is dynamic and can vary constantly.

3. Identify your market

At El Dorado P2P, we offer more than 70 different payment methods and USDT transactions. It's useful to make a list of your preferred payment methods and analyze how prices move in that specific market. This will help you identify the most convenient options and get a reference to the usual prices.

How to create an effective strategy to make money with El Dorado P2P?

Now that you have a basic understanding of the market and the most common payment methods, it's time to create a strategy. Consider these elements:

• Hours in which you will trade.
• Profit percentage.
• Budget allocated to each offer.

To facilitate this process, in El Dorado P2P we have created a Google Sheets template, where you can keep track of your prices, profit percentage and operations.

Now with the basic concepts clear, let's answer the big question:

How to make money online in Venezuela with El Dorado P2P?

To start generating income with El Dorado P2P, the first thing is create your ads for the P2P market. Here's how to do it:

1. Go to the” sectionChange“within the El Dorado app.
2. Click the “+” button to create an ad.
3. Select the currency you are offering and the one you want to receive.
4. Choose the payment method that you will use for your P2P operations.
5. Enter the exchange rate and the total amount you want to trade.
6. Complete the terms and conditions of your listing and add automatic responses to make the process easier.
7. Check that everything is in order and select “Create ad”.

Remember: Stay tuned to the application while your ads are active to provide quick attention to users.

Spoiler: Making money online as a merchant isn't an easy job

Despite what it may seem from the outside, being a P2P merchant in El Dorado is not as simple as it seems and the best thing to do is to do this in your spare time.

It is a task that requires a lot of attention, because remember that the main objective is to carry out the operation in the shortest possible time, so if you are not attentive to your device you can make users waste their time waiting and that will create a bad reputation, reputation is the most important thing in El Dorado P2P.

So this would be our first tip: activate your ads when you can keep an eye on them.

P2P calculator: The perfect tool to earn money online from Venezuela

Setting an appropriate price in the market can be complicated, especially when calculating the commission you must pay and what you expect to earn on each transaction. To facilitate this process, in El Dorado P2P we have developed a tool called P2P calculator. With it, you can set your profit objectives and keep detailed control of your operations.

You can access this tool for free and, in addition, we have a video tutorial that explains in detail how to take advantage of its full potential.

How to make money online in Venezuela using PayPal

PayPal It is a popular payment method in P2P markets, with profit margins that usually vary between 6% and 15% per transaction. Many people who work remotely or receive remittances use it, although withdrawing it can be a challenge in Venezuela.

PayPal Invoice System

Many P2P merchants use the PayPal invoice system, following this process:

1. Request for payment for digital services: The merchant requests payment for services, such as consulting, web development or graphic design.
2. Confirmation of satisfaction: The counterparty reviews the service received and confirms their satisfaction in the same email thread.
3. Acceptance and payment of the invoice: The counterparty accepts and pays the invoice, completing the transaction.

Why use invoices? Although PayPal allows direct payments, the invoice system is more secure for P2P merchants, as it minimizes the risks of fraudulent refunds.

If you want more details about PayPal at El Dorado P2P, check out our blog dedicated to this topic.

Tips for Becoming a Better P2P Merchant

Becoming a standout merchant requires effort and customer support. Here are some tips for you:

1. Be kind: Not all users are experts. Remember that many are using P2P for the first time.
2. Respect user time: Always follow the Golden Rule of quick and effective care.
3. Keep in constant communication: If there are any problems, let your counterpart know through the app's chat.
4. Send payment receipts: This provides transparency and trust in your operations.

Whether you want to trade cryptocurrency or sell products, El Dorado Wallet is the ideal option to earn USDT in Venezuela. Sign up from our website or Download the app within Android or iOS.

Download El Dorado

See you in El Dorado!

Important Reminder

Remember that each person is responsible for complying with the legal and tax obligations applicable in their country. Before starting any activity to generate income online, consider seeking professional advice to understand current regulations. Complying with these provisions is an essential part of keeping your endeavors in order and ensuring sustainable growth.