how to do p2p on mexc

Peer-to-peer trading on MEXC allows individuals to buy and sell cryptocurrencies directly with each other, offering decentralization, security, and flexible payment methods.

Nov 08, 2024 at 04:04 pm

How to Perform Peer-to-Peer (P2P) Trading on MEXC

Peer-to-Peer (P2P) trading is a decentralized method of exchanging cryptocurrencies directly between individuals, without the need for an intermediary. MEXC Global, a leading cryptocurrency exchange, offers a robust P2P trading platform that allows users to buy and sell cryptocurrencies in a secure and efficient manner.

Steps to Perform P2P Trading on MEXC:

1. Register an Account: Create an account on the MEXC website or mobile app.
2. Verify Your Account: Complete the required KYC (Know Your Customer) verification to enhance security and enable P2P trading.
3. Navigate to P2P Trading: Once verified, click on "P2P Trading" from the homepage or navigation menu.
4. Select a Currency Pair: Choose the cryptocurrency pair you wish to trade, for example, BTC/USDT (Bitcoin for Tether).

5. Place an Order:

   • Buying: Select a seller's offer that meets your desired price and payment method. Enter the amount you wish to purchase and click "Buy."
   • Selling: Create a sell offer by specifying the price, amount, and payment method. Click "Post Ad" to make your offer available to buyers.

6. Initiate Payment:

   • Buying: Transfer the payment to the seller's account using the specified payment method.
   • Selling: Receive payment from the buyer using the selected method.

7. Release Crypto:

   • Buying: Once the payment is confirmed, release the cryptocurrency from your MEXC wallet to the buyer.
   • Selling: Once you receive payment, release the cryptocurrency from your MEXC wallet to the buyer.
8. Complete Trade: Both parties confirm the completion of the trade and rate the transaction.

Benefits of P2P Trading on MEXC:

• Decentralized: No intermediaries involved, empowering users with direct control over their transactions.
• Secure: KYC verification and payment protocol ensure the security of both buyers and sellers.
• Flexible: Supports multiple payment methods, including bank transfers, mobile payments, and cash deposits.
• Competitive Rates: Buyers can compare offers from numerous sellers to find the best price.
• Convenient: Accessible through the MEXC website and mobile app, providing 24/7 trading availability.