FAQ Answer
P2P Crypto Basics
What is P2P crypto trading and how does it work?
P2P crypto trading connects buyers and sellers directly. The marketplace coordinates the order, while escrow protects the cryptocurrency until the agreed fiat payment is confirmed.
Answer
P2P crypto trading allows buyers and sellers to trade directly instead of using a conventional exchange order book. Each seller publishes an offer defining the asset, fiat currency, payment method, rate, limits and conditions.
A typical P2P trade follows this process:
- The buyer selects a compatible offer.
- The seller locks the cryptocurrency in escrow.
- The buyer sends the agreed fiat payment directly to the seller.
- The seller verifies the payment in the receiving account.
- The cryptocurrency is released from escrow to the buyer.
The fiat transfer normally occurs through the selected bank, digital wallet or local payment service. Senpero does not hold the fiat payment. It provides the marketplace, trade communication, vendor information, on-chain escrow and dispute process.
Escrow reduces delivery risk, but it does not automatically verify fiat payments or prevent every scam. Users must still review the counterparty, payment details, blockchain network, order limits and offer terms before trading.