What Is P2P Trading?

Overview

P2P (Peer-to-Peer) Trading allows users to buy or sell digital assets directly with other users.

BKG Exchange provides a P2P marketplace where users can select available offers, place orders, and complete payments through supported payment methods.

P2P trading can be used to buy or sell digital assets without making a direct on-chain transfer between the buyer and seller.

How P2P Trading Works

A typical P2P transaction involves the following process:

The buyer selects an available P2P offer.
The buyer places an order according to the offer's terms.
The seller's digital assets are held according to the platform's P2P transaction mechanism.
The buyer completes payment using the payment method specified in the order.
The seller confirms receipt of the payment.
The digital assets are released to the buyer according to the P2P transaction rules.

For selling digital assets, the process generally works in the opposite direction.

How to Buy Digital Assets via P2P

Step 1: Open P2P Trading

Step 2: Select Buy

Select Buy and choose the digital asset you want to purchase.

For example:

USDT
Other supported digital assets

Step 3: Select a P2P Offer

Review the available offers and compare the relevant information, such as:

Price
Available amount
Order limits
Payment method
Other offer requirements

Select an offer that meets your requirements.

Step 4: Place the Order

Enter the amount you want to purchase and place the order.

Review the order details carefully before confirming.

Step 5: Complete Payment

Use the payment method specified by the seller to complete the payment within the required time.

Step 6: Confirm Payment

After completing the payment, select the applicable payment confirmation option in the order.

Do not confirm payment unless you have actually completed the transfer.

Step 7: Receive Your Digital Assets

After the seller confirms receipt of the payment, the digital assets will be released according to the P2P transaction rules.

How to Sell Digital Assets via P2P

Step 1: Open P2P Trading

Open the P2P Trading section and select Sell.

Step 2: Select a Digital Asset

Select the digital asset you want to sell.

Step 3: Select an Offer

Review the available offers and check:

Price
Available amount
Order limits
Payment method
Other offer requirements

Step 4: Place the Order

Enter the amount you want to sell and confirm the order.

Step 5: Wait for Payment

Wait for the buyer to complete the payment using the payment method specified in the order.

Step 6: Verify the Payment

Check your actual payment account and confirm that the payment has been received.

Do not release digital assets based only on screenshots, SMS notifications, or messages from the buyer.

Step 7: Release the Digital Assets

After confirming that the payment has been successfully received, release the digital assets according to the order instructions.

Supported Payment Methods

The payment methods available for P2P trading depend on the current offers and platform configuration.

Before placing an order, carefully check the payment method specified in the offer.

Only use payment methods and accounts that meet the requirements of the P2P order.

Important P2P Trading Rules

Carefully check the order price, amount, payment method, and payment information before placing an order.
Complete payments within the required time.
Do not mark an order as paid unless payment has actually been completed.
Sellers should verify that funds have actually been received before releasing digital assets.
Do not rely solely on screenshots, SMS messages, or payment notifications provided by the counterparty.
Keep all communication and payment records related to the order.
Do not cancel an order after making payment unless instructed through the applicable dispute or support process.
Do not conduct transactions outside the BKG Exchange P2P order.
Follow the applicable P2P trading rules and platform requirements.

What If There Is a Problem With a P2P Order?

If the buyer or seller encounters a payment, release, or other transaction issue, do not attempt to resolve the transaction by transferring additional funds outside the order.

Use the available Appeal or dispute function, where applicable, and provide the requested transaction information and payment records.

BKG Exchange may review the relevant order and supporting information according to the applicable P2P rules.

Security Recommendations

For your account and asset security:

Never share your login password, verification code, or Google 2FA code with another person.
Only communicate through the applicable BKG Exchange P2P order channel when possible.
Verify the recipient's or sender's payment information before making a payment.
Confirm payments through your actual bank or payment account.
Be cautious of requests to cancel an order after payment has been made.
Report suspicious activity through BKG Exchange customer support.

FAQ

P2P trading allows users to buy or sell digital assets directly with other users through the BKG Exchange P2P marketplace.

What digital assets can I buy or sell through P2P?

Available assets depend on the current P2P marketplace and platform configuration.

Can I choose my payment method?

You can select from the payment methods available for the relevant P2P offers.

What should I do if I have paid but the seller has not released the assets?

Do not make additional payments. Check the order status and use the available appeal or dispute function if necessary.

What should I do if a buyer says they have paid?

Verify that the funds have actually arrived in your payment account. Do not release digital assets based only on screenshots or payment notifications.

Can I complete a P2P transaction outside BKG Exchange?

You should complete the transaction through the BKG Exchange P2P order. Transactions conducted outside the platform may not be protected by the platform's applicable P2P transaction and dispute mechanisms.