What P2P trading is
On a peer-to-peer marketplace you trade crypto with another person, and Peerlyx keeps the trade safe in the middle.
Trading directly with people
On a peer-to-peer (P2P) marketplace, you buy and sell crypto with other people, not with the platform itself. One person sells crypto. The other pays them with a method they both use, such as a bank transfer or a mobile wallet.
Peerlyx lists offers posted by traders. Each offer shows the coin, the price, the minimum and maximum amount, the payment methods and the time to pay. You choose an offer that suits you and start a trade with that trader.
Where Peerlyx fits in
Peerlyx does not handle the money payment. It goes directly from the buyer to the seller, outside Peerlyx. What Peerlyx does is hold the seller's crypto in escrow for the whole trade, so neither side has to trust a stranger blindly.
What you need before your first trade
- An account, made with your email or Google, with your email verified
- An authenticator app (2FA) set up in your account
- A verification level that covers the amount: Level 1 lets you trade up to US$500 in total, and Level 2 removes that limit
Why people use P2P
P2P lets you use payment methods you already have, in your own currency. You can also compare offers and choose who you trade with, based on their price, limits and track record. Browse the marketplace on P2P Trade to see how offers look before you start.