The coins on Peerlyx
A quick guide to the coins you can buy, sell, hold and swap in your Peerlyx wallet.
What you can trade
On Peerlyx you can trade USDT, BTC, ETH, USDC, TRX, POL and BNB. You'll find offers for these on P2P Trade, and you can hold each of them in your Peerlyx wallet.
Two broad groups
- Stablecoins such as USDT and USDC are designed to track the US dollar, so their price moves very little.
- Other coins such as BTC and ETH have prices that change all the time, sometimes sharply.
Knowing which group a coin belongs to helps you understand how much its value in your own currency might change while you hold it.
How coins show on offers
Offers show the coin, for example USDT. When you buy, the crypto arrives in your Peerlyx wallet as that coin, and your balance is shown per coin. The Your wallet course explains how moving coins in and out works.
Swapping between coins
Your wallet also has instant swaps, which change one coin into another without a P2P trade. Before you confirm, the quote shows the rate you'll get, including the spread, so you can decide whether it suits you.
Fees
Peerlyx doesn't currently charge a trade fee on P2P trades. The price you pay is the offer price set by the trader. Withdrawals to an outside wallet pay a blockchain fee, which is shown before you confirm.
Choosing a coin
Think about what you need. Someone who wants a steady dollar-like value often picks a stablecoin. Whatever you choose, this lesson isn't advice to buy any coin.