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P2P Trading Guide

Introduction to P2P Trading

Peer-to-peer (P2P) trading is a decentralized method where users can buy and sell digital assets directly with each other. Our platform provides a secure and efficient way for users to engage in P2P trading, ensuring that all transactions are transparent and protected.

In addition to the enhanced security features, our platform offers a user-friendly interface that simplifies the trading process. We provide comprehensive support and resources to help users understand and navigate the P2P trading environment. With features such as real-time market data, customizable alerts, and detailed transaction histories, users can make informed decisions and manage their trades effectively. Our commitment to transparency and user satisfaction ensures a seamless and trustworthy trading experience for all participants.

Buying Digital Assets via P2P Trading

  1. Login to Your Account: First, ensure you are logged into your account. If you do not have an account, you will need to register and complete the necessary verification steps.
  2. Access the P2P Trading Section: Once logged in, navigate to the P2P trading section from the main dashboard. This can typically be found in the main navigation menu under "P2P Trading" or a similar heading.
  3. Browse Listings: In the P2P trading section, you will find a list of available offers from other users looking to sell their assets. You can filter these listings based on the asset type, price, payment method, and other criteria.
  4. Select an Offer: Once you find an offer that suits your needs, click on it to view the details. Ensure that you review the terms set by the seller, including the price, payment method, and any specific instructions.
  5. Initiate the Trade: Click on the "Buy" button to initiate the trade. You will be prompted to confirm the transaction and complete the payment as per the seller's instructions.
  6. Complete the Payment: Follow the instructions provided to make the payment. Once the payment is confirmed, the seller will release the assets to your account.

Selling Digital Assets via P2P Trading

  1. Access the P2P Trading Section: From the main navigation menu, proceed to the P2P trading section. Select "Sell" from the top navigation bar within the P2P section to view the available listings.
  2. Evaluate and Select an Offer: Carefully browse through the listings to identify an offer that meets your requirements. Click on the selected offer to view its details, including the price, payment method, and any specific instructions provided by the seller.
  3. Initiate the Trade: After thoroughly reviewing the offer details and ensuring they align with your expectations, click on the "Sell" button to begin the trade. You will be required to confirm the transaction once you have received the payment as specified by the Vendor.
  4. Finalize the Payment: Adhere to the provided instructions to complete the payment process. Upon confirmation of the payment, you should release the digital assets to the Vendor's account.

Becoming a Vendor in the P2P Market

  1. Verify Your Account: To become a vendor, you must first verify your account. This includes submitting the necessary identification documents and completing the KYC (Know Your Customer) process.
  2. Deposit Required Funds: You will need to deposit at least 20 VYTE (our platform's native token) into your account. This deposit acts as a security measure and ensures that you have sufficient funds to cover your trades.
  3. Apply for Vendor Status: Once your account is verified and you have deposited the required funds, chat with our live support team. Answer a few questions, and you will be guided through the process of becoming a vendor.
  4. Approval Process: Our team will review your application and may request additional information if necessary. Once approved, you will receive a notification, and your account will be upgraded to vendor status.
  5. Start Trading: As a vendor, you can now create and manage multiple listings, set competitive prices, and build your reputation in the P2P marketplace.

Posting an Ad in the P2P Market

  1. Access the Vendor Center: Navigate to the P2P trading section from the main navigation menu. Click on the "Vendor Center" to manage your ads.
  2. Manage Ads: Within the Vendor Center, click on "Manage Ads" to view and manage your current listings.
  3. Add a New Ad: Click on "Add New Ad" to start creating a new listing.
  4. Fill in Necessary Information: Complete the ad form by providing the following details:
    • Order Type: Select whether you are buying or selling digital assets.
    • Desired Currency: Choose the currency you wish to receive or pay.
    • Price: Set your price. Use the price reference to ensure your price is within 30% above or below the reference price.
    • Minimum Limit: Specify the minimum amount of orders you will accept in your chosen currency.
    • Maximum Limit: Specify the maximum amount of orders you will accept in your chosen currency.
    • Quantity: Ensure you have the quantity of assets you are selling in your account, or if buying, ensure you have the equivalent amount of the asset price in your bank account.
    • Bank Details: Provide the bank name, account number, and account name from which you are making or receiving payments.
  5. Review and Publish: Carefully review all the details of your ad to ensure accuracy. Once satisfied, click "Publish" to make your ad live in the marketplace.

Rules for P2P Trading