Getting Started with P2P Trading

Getting Started with P2P Trading

P2P (Peer-to-Peer) trading allows you to buy and sell cryptocurrency directly with other users using your preferred payment method and local currency.

How P2P Works

  1. Browse Ads — Find offers from other traders to buy or sell crypto.
  2. Open a Trade — Select an ad and enter the amount you want to trade.
  3. Escrow — The seller's crypto is locked in ByteExchange escrow for safety.
  4. Payment — The buyer sends payment through the agreed method (bank transfer, mobile payment, etc.).
  5. Release — Once the seller confirms payment receipt, the crypto is released to the buyer.

Requirements

  • KYC Level 1 verification is required
  • A P2P nickname (set in P2P Settings — separate from your exchange nickname)
  • Completed 2FA setup

Buying Crypto on P2P

  1. Go to P2P > Buy.
  2. Filter by: currency, payment method, amount.
  3. Choose an ad with a good price and high completion rate.
  4. Click Buy and enter the amount.
  5. Follow the seller's payment instructions.
  6. Make the payment and click Mark as Paid.
  7. Wait for the seller to verify and release the crypto.

Selling Crypto on P2P

  1. Go to P2P > Sell.
  2. Find a buyer or create your own ad.
  3. Once a buyer opens a trade, your crypto is locked in escrow.
  4. Wait for the buyer to make payment.
  5. Verify the payment in your bank or payment account.
  6. Click Release Crypto to complete the trade.
Important: Never release crypto until you have confirmed the payment in your actual bank or payment account. Do not rely on screenshots.

Safety Tips

  • Trade with users who have high completion rates and positive feedback.
  • Communicate only through the ByteExchange P2P chat.
  • Never share personal contact information.
  • Report suspicious behavior immediately.