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How P2P Trading Works

8 min read 2,156 views v3Updated 2024-07-14

Understanding P2P Trading

Peer-to-peer (P2P) trading on CoinExchange.Cash lets you buy and sell cryptocurrency directly with other users, using any payment method.

The Trading Flow

For Sellers

  1. Create an Offer — Set your price, payment methods, and terms
  2. Wait for a Buyer — Buyers browse and select your offer
  3. Fund Escrow — Lock your crypto in the 2-of-3 multisig escrow
  4. Confirm Payment — Once you receive fiat payment, release the escrow
  5. Leave a Review — Rate the buyer

For Buyers

  1. Browse Offers — Filter by currency, payment method, and price
  2. Initiate Trade — Select an offer and specify the amount
  3. Send Payment — Transfer fiat using the agreed payment method
  4. Mark Payment Sent — Notify the seller
  5. Receive Crypto — Seller releases escrow to your wallet
  6. Leave a Review — Rate the seller

Escrow Security

All trades use a 2-of-3 multisig escrow:

  • Key 1: Seller
  • Key 2: Buyer
  • Key 3: Platform arbitrator

This means:

  • Seller + Buyer can complete the trade normally
  • Seller + Arbitrator can resolve disputes in seller's favor
  • Buyer + Arbitrator can resolve disputes in buyer's favor
  • No single party can steal funds

Payment Methods

CoinExchange.Cash supports any payment method agreed between parties:

  • Bank transfer
  • PayPal, Venmo, Cash App
  • Gift cards
  • Cash in person
  • And many more

Tips for Safe Trading

  • Always verify payment before releasing escrow
  • Keep evidence of all payments (screenshots, receipts)
  • Use the built-in chat for all communication
  • Check the counterparty's reputation score
  • Start with small amounts for first trades
How P2p Trading Works — CoinExchange.Cash Help