Technical Definition
P2P Trading
Peer-to-peer marketplace on the CEX where users buy/sell crypto directly with each other using local bank transfers or cash methods.
By Crypto University Editorial
Fiat On-RampEscrow
✦ Key Insight
Often the cheapest/fastest way to buy crypto with local fiat (especially in ZA or regions with limited bank support).
✕ Common Misconceptions
Skipping seller ratings; rushing without reading terms.
Detailed Explanation
How It Works: Browse offers by payment method, amount, and price; escrow protects both parties until confirmed.
FAQs
Safe? Yes — CEX holds funds in escrow.
Fees? Usually 0% from the platform.
In Practice
“Buying USDT with ZAR via bank transfer from another user on Binance P2P.”