What is P2P Trading?

1. What is P2P Trading?

P2P Trading is a peer-to-peer marketplace which allows users to buy and sell digital assets, such as Bitcoin, Tether and other cryptocurrencies, directly between users.

OKX P2P marketplace will help facilitate the transaction of digital assets. To complete the trade, directly send or collect cash with your preferred payment method app.

Start trading now: https://www.OKX.com/p2p-markets

2. Who’s eligible to trade on the OKX P2P marketplace?

Anyone with a registered OKX account, verified their email or mobile number, and has completed at least KYC Level 1: personal info verification.

In general, with KYC Level 2: photo verification and above, you can become an advertiser to buy and sell crypto in the marketplace.

Go to Verification page to check your KYC status.

3. Am I trading with OKX directly?

No. You’re trading with OKX users on the P2P marketplace.

Trade with verified advertisers

All verified advertisers have their identities checked carefully by OKX.

Safeguarding your assets

OKX will hold the crypto until a payment confirmation is received by the seller.

4. Is there any service fee for using the OKX P2P platform?

No service fee for trading P2P on OKX.

When buying cryptocurrencies from another user on the OKX P2P marketplace, you are buying at a rate set by the users themselves.

However, depending on your payment method, there might be transaction fees to complete your payment. Please check your preferred payment method to see if there is any transaction fee.

5. How does the OKX P2P platform ensure secure trading between buyers and

    sellers?

The OKX P2P platform makes use of the escrow technology to ensure a fair trade experience for all buyers and sellers. Once an order is placed, the crypto from the seller's account will be held by OKX until a payment confirmation is received.

If a buyer has made the payment, but the seller refuses to release the crypto, the buyer can submit a dispute to OKX customer service for assistance.

6. What is an advertisement (ad)?

An advertisement (ad) is a post created by the OKX users in the P2P marketplace to buy and sell crypto at their own rates.

The ads with a badge next to the username are ads posted by OKX Verified Advertisers. All Verified Advertisers had their identities checked carefully by OKX.

7. Who can become a Verified Advertiser?

Any OKX user who has completed their KYC level 2: photo verification and above and has sufficient funding deposit can apply to become a Verified Advertiser. Check out the Advertiser Programme for more information.

8. Can I post an advertisement if I’m not a Verified Advertiser?

9. What is the difference between a floating price ad and a fixed price ad?

As an advertiser, you can define your own rates. You can select the two price type: (1) fixed price or (2) floating price, when you create an ad.

The ad price will be the unit price that your buyers and sellers will get when they place an order on your ads. The ad price will determine the ranking of the ad in the P2P marketplace.

(1) Fixed price ads

When fixed price is selected, the unit price you enter will be your ad price per unit. Your ad price will remain fixed and not be influenced by market fluctuations.

(2) Floating price ads

The floating price model enables you to add a margin to the market price that you define. You can set your market price as the current market price allowing it to fluctuate as the market goes up and down or define your own unit price.

The margin is the additional percentage you want to impose on the market price.

Your ad price will be the market price * margin.

Hence, your ad price may fluctuate with the market price.