Full P2P Trading Guide – How To Buy and Sell USDT

January 31, 2025
5 min read

Peer to peer (P2P) trading is a method of buying and selling cryptocurrency directly between users, with security and escrow handled by the trading site. Unlike traditional exchanges where trades occur between users and the platform, P2P crypto trading allows buyers and sellers to set their own terms, choose payment methods, and negotiate prices, all while being protected by an escrow service.

As global P2P crypto trading volumes exceed $680 billion (source: DappRadar), choosing the right platform has become more important than ever. Bitunix P2P gives users direct access to a safe, escrow-backed marketplace for P2P crypto buy and sell transactions.

What is Peer-to-Peer Trading?

Peer-to-peer (P2P) cryptocurrency trading is a method of exchanging digital currencies directly between two individuals. This system operates without the need for traditional intermediaries such as banks or centralized exchanges.In this system, P2P trading platforms serve as intermediaries, facilitating secure and trust-based transactions.

Unlike conventional exchanges, where you trade with the platform itself, P2P trading empowers users to trade directly with one another, often with the backing of an escrow service to ensure the transaction’s safety.

How Does Peer-to-Peer Trading Work?

Think of Bitunix P2P as a digital marketplace. Buyers and sellers post offers that include:

Cryptocurrency amount (e.g., USDT).
Price per unit.
Accepted payment methods.

When you choose an offer, Bitunix locks the crypto in escrow until the trade is completed. Once the buyer confirms payment and the seller releases the crypto, the trade is finalized.

This model offers more freedom compared to centralized platforms but also requires caution—users should always verify merchant reputation and payment details before confirming a trade.

How To Trade in P2P on Bitunix?

To buy/sell USDT on Bitunix P2P head over to the Buy Crypto tab and click on P2P Trading.

Table of Contents

Next, choose your currency and the method of payment.

Now, you can choose from the listings and place your P2P Buy order. To place a sell order, follow the same steps but switch to Sell instead of Buy.

Let’s say you choose to sell USDT and choose from one of the merchants listed on the P2P trading portal. When you click on one of the sell listing, a new window will appear. Check the image below:

Now, as you see the image above, all you need to do is add to the specifics and simply click on the sell tab.

Once you receive your funds, you can sell USDT to the merchant.

Practical Tips for Safe P2P Trading on Bitunix

Complete KYC: Bitunix requires identity verification for P2P trading, ensuring buyers and sellers are accountable.
Enable 2FA: Protect your account with two-factor authentication for logins and withdrawals.
Check merchant ratings: Choose merchants with a track record of successful trades and positive customer reviews.
Confirm payment before release: Always double-check your bank or wallet before releasing USDT.
Use official channels: Only interact within Bitunix’s platform. Avoid sharing personal details like phone numbers or emails outside the app.

FAQs

1. What is peer-to-peer (P2P) trading?

P2P trading is a system where buyers and sellers trade crypto directly without intermediaries. A peer to peer trading site like Bitunix provides escrow to make sure trades are safe.

2. How does Bitunix P2P trading work?

Bitunix connects buyers and sellers through listings. When a trade starts, USDT is held in escrow until both sides confirm payment and release, ensuring fairness.

3. What is a peer to peer trading site?

It is an online platform where traders can directly buy and sell crypto with one another. Examples include Bitunix, Paxful, Bybit, and Huobi. Bitunix is notable for supporting a wide range of payment methods and providing escrow protection.

4. How do you start a P2P crypto exchange?

To create your own P2P crypto exchange, you need an escrow mechanism, compliance systems (like KYC/AML), secure wallets, and liquidity. Platforms such as Bitunix or LocalCoinSwap already provide these features, making them easier to use than building from scratch.

5. How to buy and sell crypto via P2P?

On Bitunix, you can buy crypto by filtering offers, selecting a merchant, paying through the agreed method, and receiving USDT from escrow. To sell, you accept a buyer’s offer, wait for payment, confirm receipt, and then release USDT.

6. What payment methods are supported for P2P trading on Bitunix?

Bitunix supports local bank transfers, e-wallets, and other regionally popular methods depending on your country. Always use officially supported options shown in the P2P trading app.

7. Is P2P crypto trading safe in the US and globally?

Yes, when conducted on a regulated P2P trading app like Bitunix. Escrow ensures that crypto is only released once payments are confirmed. Still, traders must verify counterparties and avoid off-platform deals.

8. Who are the popular customers or merchants on Bitunix P2P?

Merchants with high completion rates and strong ratings often attract the most trades. Regular customers prefer these merchants for reliability, fast payment, and trusted service.

About Bitunix

Bitunix is one of the world’s fastest growing professional derivatives exchanges, trusted by over 3 million users across more than one hundred countries. Ranked among the top exchanges on major data aggregators, Bitunix processes billions in daily volume and offers a comprehensive suite of products including perpetual futures with high leverage, spot markets, and copy trading. Users can trade bitcoin and other major cryptocurrencies on the platform, taking advantage of advanced trading features. Known for its Ultra K line trading experience and responsive support, Bitunix provides a secure, transparent, and rewarding environment for both professional and everyday traders. Bitunix Academy adds structured lessons so you can build skills while you trade.

Disclaimer: Trading digital assets involves risk and may result in the loss of capital. Always do your own research. Terms, conditions, and regional restrictions may apply.