What is P2P trading?

1. What is P2P?

‘Peer-to-peer’ (P2P) trading is a form of trading where a buyer and seller directly exchange their crypto and fiat assets with the help of an online marketplace and escrow services.

2. What is the advertisement?

Users can post the price they would like to trade their crypto at and publish it on our platform. The broadcasted deal is called an "Advertisement".

3. What is the merchant?

The user who posts an "advertisement", a broadcasted offer to buy/sell the cryptocurrency, is the merchant.

4. What is the release?

When a buyer has paid the seller, and the seller has confirmed that the payment is received, the seller has to confirm and release the crypto to the buyer.

What is the appeal?

When there is a dispute between buyer and seller, and a user would like the platform to arbitrate, users can file an appeal. The crypto involved in the trade will stay locked during the process.

6. How to cancel an appeal?

After filing an appeal, the user who started the appeal can cancel the appeal if the agreement is reached between the parties and arbitration is no longer needed. The order will return to the state where it is waiting for confirmation from the seller to release the crypto. The crypto will stay locked until the seller has confirmed the receipt of payment.

7. How to post ads?

After users applies to become a merchant , they can click on the "Create new ads" button, and post an Ad by selecting the type of ads, trading amount, price and conditions, etc. Once the details are confirmed, they can click on "Publish" to post the ad.

8. How to become a merchant?

Please submit an application to become a merchant, for more details, please click: Merchant Application.

9. What is In order?

An order is a promised trade that the buyer and seller has agreed upon. FGS facilitates the trade by providing an escrow service, meaning locking the assets until both sides agree to release as promised.

10. What is Add payment method?

In order to receive payment from the buyer, the user has to add payment details.

11. What is trade verification?

You need to complete identification verification before you can trade P2P.

12. What is a floating Price Advertisement?

The price of a floating price ad fluctuates with the market .

13. What is a Fixed Price Advertisement?

Price of fixed price Ads is fixed and does not move with the market price of the crypto.