P2P Trading Guide

Learn how to buy and sell cryptocurrency directly with other users on BITmarkets P2P. This step-by-step guide covers everything from creating your account to completing your first trade.

Why Use P2P Trading?

P2P (peer-to-peer) trading lets you buy and sell crypto directly with other verified users instead of through a traditional order book. This is especially useful if you want to use local payment methods like bank transfers, Revolut, or mobile wallets to convert fiat currency to crypto.

Every P2P trade on BITmarkets is protected by an escrow system — the seller's USDT is locked until the buyer's payment is confirmed. This means neither party can be defrauded, making P2P one of the safest ways to enter the crypto market.

Step-by-Step: Your First P2P Trade

Follow these five steps to buy crypto directly from another user on BITmarkets.

Step 1

Create Your Account

Sign up on BITmarkets with your email address and create a secure password. Registration takes just a few minutes and gives you access to all trading features.

Step 2

Verify Your Identity

Complete the KYC verification process by uploading your identity document and proof of address. This is required by EU regulation and ensures all P2P traders are verified, giving you a safe trading environment.

Step 3

Browse P2P Offers

Navigate to the P2P marketplace and browse available buy or sell offers. Filter by cryptocurrency, fiat currency, payment method, and amount to find an offer that matches your needs — or create your own.

Step 4

Make Payment & Trade

Accept an offer to start the trade. The seller's USDT is automatically locked in escrow. As the buyer, transfer the agreed fiat amount using the specified payment method (bank transfer, Revolut, etc.). Mark the payment as completed in the chat.

Step 5

Receive Your Crypto

Once the seller confirms receipt of your payment, the escrowed USDT is released directly to your BITmarkets wallet. The entire process typically takes 5–30 minutes depending on the payment method.

Tips for Safe P2P Trading

Check Trader Profiles

Before accepting an offer, review the trader's profile including their completion rate, response time, and feedback score. Experienced traders with high ratings are the safest counterparts.

Communicate in the Chat

Use the built-in trade chat for all communication. This creates a record that our support team can review if a dispute arises. Never move conversations to external channels.

Never Release Early

If you are the seller, never release USDT from escrow until you have confirmed the payment has arrived in your account. Do not rely on screenshots — always verify directly in your banking app.

Trade During Active Hours

For the fastest experience, trade during banking hours so that fiat transfers process quickly. Be aware that bank transfers may take longer on weekends or holidays.

Continue Learning

Cryptopedia

Encyclopedia of blockchain and crypto terms

Trading Tutorials

Video guides for using BITmarkets

How to Buy Coins

Step-by-step guides for each cryptocurrency

Ready to try P2P trading?

Create a free account, verify your identity, and complete your first P2P trade in minutes.

Start trading

If you haven't found an answer, don't hesitate to contact us on support@bitmarkets.com

or call us anytime at +44 20 4579 5923