FAQ Answer
P2P Crypto Basics
What is the difference between a crypto offer and a trade order?
A crypto offer is a public listing with reusable trading conditions. A trade order is a specific transaction created when another user chooses that offer and enters an amount.
Answer
A crypto offer is a public listing that describes how a vendor is willing to trade. A trade order is the individual transaction created when another user selects that offer and specifies an amount.
Feature | Crypto offer | Trade order |
Purpose | Advertises available trading conditions | Records a specific transaction |
Scope | Can generate multiple trades while active | Applies to one trade between two parties |
Information | Asset, network, fiat currency, payment method, rate, limits and terms | Selected amount, counterparty, payment details, status and trade activity |
Escrow | Defines the conditions under which a trade may begin | Uses escrow to protect the cryptocurrency committed to that transaction |
Completion | Remains available until paused, closed or unavailable | Ends when completed, cancelled or otherwise resolved |
Viewing an offer does not create a transaction or mean that cryptocurrency has been purchased or sold. The trade starts only after a user initiates an order from the offer.
Before opening an order, verify the offer’s network, exchange rate, limits, payment method and vendor terms. After the order begins, follow the transaction-specific instructions and communicate through the trade page so that relevant activity can be reviewed if a dispute occurs.