How Peer-to-Peer Crypto Trading Uses Ads, Escrow, and Dispute Handling
Summary
This glossary explains a peer-to-peer crypto trade as a direct exchange between buyer and seller arranged through a marketplace and supported by escrow. It distinguishes makers, who post advertisements, from takers, who respond to listed offers. Advertisements can use fixed prices or prices that track the market, and the platform's Express area matches counterparties automatically while its P2P area lets users choose an offer. The guide also outlines identity and payment-method requirements and transfer of purchased assets from a P2P wallet to a spot wallet.
For an order, the seller's crypto is locked while payment is made; after the seller confirms receipt, the crypto is released. Disputes can be appealed, during which the assets remain locked, and an appeal can be canceled if the parties resolve the issue. The glossary also describes T+1 and T+2 withdrawal buffers as asset-protection measures. These are platform-specific process descriptions; the text does not assess counterparty, payment, fraud, or platform risks, nor compare P2P pricing and fees.
Key ideas
- P2P trading matches buyers and sellers through marketplace advertisements and escrow.
- Makers post offers, while takers trade against offers listed by others.
- Fixed-price ads stay constant, whereas floating-price ads update with market conditions.
- Escrow locks the seller's crypto until payment is confirmed and the crypto is released.
- Appeals keep order assets locked while a dispute is reviewed by support.
- Users may need to transfer purchased crypto from a P2P wallet before spot trading.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.