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P2P trading on OKEx and it’s perks.

Published

3 years ago

August 4, 2021

CryptoCurrencies are closer to everyone now than it has ever been, people are starting to see the benefits in blockchain and its use-cases.

The skill to know when to buy and sell crypto assets is one of the most sought after at the moment, the skill can be acquired on a top trading site like OKEx. There is a designated part to cater for newbies.

The beauty of any crypto is in the fact that it has value in fiat (local currency), regardless of the number of coins and tokens in circulation, the value in fiat makes it valid in the economical sense.

One of the notable skills to have in the blockchain space is crypto currency trading, this is one of the few ways to make money regardless of the market’s movement (either bearish or bullish).

The first step in trading is buying an asset to trade, the best way to do this especially by a newbie is to use fiat. In countries like Nigeria, where crypto can not be bought by Naira (NGN) directly from a local bank, there is a need to introduce P2P trading.

P2P trading simply means the direct buying and selling of cryptocurrency assets between two users without an intermediary. This type of trading takes place on a P2P exchange, where there will be protection for both buyers and sellers.

Read also: Hedge trading on OKEx

A trusted site where the two parties in the transaction will have to agree before the crypto asset is released, the seller must have received the agreed amount of money before releasing the asset while the buyer must have paid the agreed amount with proof of payment.

OKEx, a world leading cryptocurrency exchange, provides the option of P2P trading. It serves as an escrow while the transaction happens seamlessly, keeping both parties satisfied.

Users on OKEx get the best price possible and there is always liquidity, buyers and sellers are always ready to take orders. The support is always ready to intervene just in case of any foul play by any of the parties.

It is important to note that there are no fees on OKEx P2P. This is to ensure buyers and sellers get the best price possible.

There’s also the in-app call feature through which a seller can call the seller and vice-versa during transactions.

About OKEx

A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks.

We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.