Trading
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
- Create an Offer — Set your price, payment methods, and terms
- Wait for a Buyer — Buyers browse and select your offer
- Fund Escrow — Lock your crypto in the 2-of-3 multisig escrow
- Confirm Payment — Once you receive fiat payment, release the escrow
- Leave a Review — Rate the buyer
For Buyers
- Browse Offers — Filter by currency, payment method, and price
- Initiate Trade — Select an offer and specify the amount
- Send Payment — Transfer fiat using the agreed payment method
- Mark Payment Sent — Notify the seller
- Receive Crypto — Seller releases escrow to your wallet
- 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