1. What is P2P trading?
P2P (Peer-to-Peer) trading is also known as C2C (Customer-to-Customer) trading in some regions. In P2P trading, the users directly buy or sell cryptocurrencies from each other on a P2P platform, exchange, or marketplace.
A P2P platform serves as the trade facilitator by providing a platform for buyers and sellers to broadcast their offers. At the same time, it can ensure the safety and timely delivery of digital assets during trade execution.
2. Are the offers I see on the P2P market provided by CoinTR?
No, the offers you see on the P2P market are not offered by CoinTR. CoinTR serves as a platform to facilitate P2P trading, but the offers are provided by users on an individual basis.
3. As a P2P trader, how am I protected?
All online trades are protected by escrow. When an ad is posted, the amount of crypto for the ad is automatically reserved from the seller's Funding Wallet. This means that if the seller does not release your crypto, the Customer Support agents can release the crypto to you from the reserved funds.
If you're selling, never release the assets before confirming that you have received the funds from the buyer. Please note that some payment methods buyers use are not instant and may face the risk of chargeback.
4. Can I trade without completing Identity Verification?
Both the buyer and seller involved in trading on the CoinTR C2C platform need to complete intermediate KYC verification before they trade.
APP: Go to "ID Verification" and select "Lv.2 Intermediate Verification."
WEB: Go to "Identity Verification" and select "Intermediate Verification."
Please note that you need to upload the front and back photo of your identity documents, as well as a clear selfie.