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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

  • 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
  • How P2p Trading Works — CoinExchange.Cash Help