Peer-to-peer (P2P) trading means buying crypto directly from another person, and selling to one, instead of to an exchange. You pay with methods you already use, like UPI, bank transfer or mobile money.
How a P2P trade works
- The buyer picks an offer. Each offer shows the price, the minimum and maximum amount, the payment methods and the time to pay.
- The seller’s crypto is locked in escrow. As soon as the trade starts, Peerlyx holds the crypto so it can’t be sent anywhere else.
- The buyer pays the seller using the details shown in the trade, then taps “I’ve paid”.
- The seller confirms and releases. After checking the money arrived, the seller releases the crypto from escrow to the buyer’s Peerlyx wallet.
Why escrow matters
Without escrow, one side has to trust the other first. With escrow, the seller’s crypto is reserved before the buyer pays, and it only moves when the seller confirms. If something goes wrong after the buyer marks the trade as paid, either side can open a dispute and Peerlyx support decides based on the chat and the payment evidence. Read more about escrow.
What you can trade
On Peerlyx you can trade USDT, BTC, ETH, USDC, TRX, POL and BNB, with local payment methods in many countries: UPI and IMPS in India, bank transfer and OPay in Nigeria, GCash in the Philippines, M-Pesa in Kenya, and more.
Why people choose P2P
- Local payment methods you already use every day
- You choose who you trade with, by price, ratings and completion rate
- Your own price if you post an offer as a seller or buyer
Buyers and sellers
Every trade has two sides:
- Buyers pay in their local currency and receive crypto.
- Sellers receive local currency and send crypto, which is held in escrow until they release it.
You can be either. Many people start as buyers, then sell when they need cash.
Offers and trades
An offer is a trader’s advert: “I sell USDT for INR by UPI at this price, between these amounts.” A trade starts when someone takes an offer for a specific amount. Each trade has its own chat, where the two traders talk and share anything needed for the payment.
A few words you’ll see
- Escrow: the crypto Peerlyx holds while a trade is open.
- Release: the seller sending the crypto from escrow to the buyer.
- Time to pay: how long the buyer has to pay and mark the trade as paid.
- Dispute: asking Peerlyx support to decide a trade when the two sides disagree.
- Completion rate: the share of trades a trader finishes.
Your first trade
- Create a free account and verify your email.
- Turn on two-factor authentication: see how to set up 2FA.
- Open P2P Trade, choose a coin and your currency, and pick an offer.
Start small, read the trader’s terms, and keep every message in the trade chat.