How to Trade Crypto on the P2P Marketplace

How to Complete a P2P Transaction on Peermkt

The Peermkt P2P marketplace offers a secure and user-friendly way to buy and sell crypto assets directly with verified users. Below is a detailed, step-by-step guide to completing a P2P transaction:

1. Selecting an Ad

• Browse the Available Ads: Start by navigating to the P2P marketplace section within the Peermkt mini app. Here, you will find a list of ads created by other users who are selling crypto assets.
• Choose an Ad: Look through the available ads and select one that meets your specific requirements. The ad will provide key details such as the type of crypto asset being sold (e.g., USDT), the price per unit, the minimum and maximum purchase amounts, and accepted payment methods.
• Review the Details Carefully: Before proceeding, ensure that all the details in the ad align with your expectations. Double-check the price, payment method, and other terms to make sure they match what you're looking for.
• Follow the Instructions: Once you've found an ad that fits your needs, carefully follow the instructions provided by the seller. These instructions may include specific details about how to transfer funds, how to confirm the payment, or other important information.

2. Creating an Order

• Enter the Amount: Once you’ve selected an ad, enter the amount of the crypto asset that you wish to purchase. This will determine the total price of the transaction based on the seller’s listed price.
• Click “Create Order”: After entering the amount, click on the “Create Order” button at the bottom of the screen to initiate the transaction. This action will confirm that you are ready to purchase the crypto asset from the seller.
• Transaction Details Screen: The next screen will display the full transaction details, including the seller’s bank account information where you will need to send the payment. This ensures that both parties are aware of the necessary steps to complete the transaction.
• Payment Methods and Timeline: The transaction details will also outline the payment methods accepted by the seller and provide an estimated time frame for completing the transaction. Be sure to review these carefully to avoid any misunderstandings.

3. Completing the Transaction

• Escrow Protection: As soon as the transaction is initiated, Peermkt’s escrow system will hold the crypto assets that you are purchasing. This ensures that the seller cannot withdraw the funds until the payment is confirmed, adding a layer of protection for both the buyer and seller.
• Make the Payment: Follow the instructions provided by the seller to transfer the purchase amount to their bank account. This bank account information will be displayed in the transaction details screen. Ensure that you transfer the exact amount requested to avoid any discrepancies.
• Confirm Payment: After completing the payment, click on “Confirmed” within the app to notify the seller that you have made the payment. This step is crucial as it alerts the seller to check their account and verify the transaction.
• Proof of Payment: It’s essential to take a screenshot of the transfer receipt or any other proof of payment and keep it for your records. This can be helpful in case of any issues or disputes that may arise during the transaction.
• Payment Account Verification: Remember, the payment must be sent from the bank account that is registered with your Peermkt account. This ensures that the transaction is legitimate and helps prevent fraud.

4. Finalizing the Trade

• Seller Confirmation: After receiving the payment, the seller will review the transaction details. Once they confirm that the payment is received in full, they will approve the transaction on their end.
• Escrow Release: Once the seller confirms the payment, the crypto assets held in escrow will be released and immediately transferred to your wallet address. This marks the successful completion of the transaction.
• Transaction Completed: At this point, the trade is complete, and the crypto assets are now securely in your wallet. You can review the details of the transaction in the “Activity” tab on your Peermkt dashboard.

With this easy-to-follow process, Peermkt ensures that both the buyer and seller are protected during every transaction. The escrow system prevents fraud, and the KYC verification helps to ensure that all participants are legitimate. Whether you're new to P2P trading or a seasoned pro, Peermkt provides a seamless and secure environment for buying and selling crypto assets.