You can sell cryptocurrency from the KuCoin P2P website in just a few clicks.
1. Log in to your KuCoin account and go to [Buy Crypto] - [P2P].
Before trading on the P2P market, you need to add your preferred payment methods first. For more details, please refer to How to add & delete your payment method.
Select the [Fast Trade] or the [P2P] zone to trade. The [Fast Trade] zone automatically matches the counterparty for you, while in the [P2P] zone, you can select your preferred buyer to trade with.
2.1 Fast Trade
Select the crypto you want to sell and the fiat currency you want to receive. Enter the amount of crypto to sell, and the system will automatically calculate the amount of fiat you can receive. Click [Sell USDT].
Select the preferred payment method
Confirm order information and click [Confirm].
2.2 P2P zone
Select the crypto you want to sell. You can filter all P2P advertisem*nts using the filters. Click [Sell] next to the preferred ad.
Confirm the order details. Enter the amount of crypto to sell, and the system will automatically calculate the amount of fiat you can get. Click [Place Order].
3. The order status will be shown as [Awaiting Payment from the Other Party]. The buyer should transfer the funds to you via your preferred payment method within the time limit. You may use the [Chat] function on the right to contact the buyer.
4. After the buyer makes the payment, the order status will change to [Payment Completed, Please Release Crypto].
Always confirm that you have received the buyer’s payment in your bank account or wallet before clicking [Release Crypto]. DO NOT release crypto to the buyer if you haven’t received their payment.
5. You will be prompted to confirm the release of crypto with your Trading Password.
6. The order is now complete. You can click [Transfer Assets] to check the remaining balance of your Funding Account.
Notes:
If you encounter any issues during the transaction process, you can contact the buyer directly using the [Chat] window on the right. You may also click [Need Help?] to contact our Customer Support agents for assistance.
- Always confirm that you have received the buyer’s payment in your bank account or wallet before releasing crypto. We recommend logging in to your bank/wallet account to check whether the payment has already been credited. Do not rely solely on SMS or email notifications.
- Please note that the crypto assets you sell will be frozen by the platform during the transaction process. You can click [Release Crypto] to release your assets to the buyer after confirming that you have received their payment.
- Do not agree to any request to release crypto before confirming the receipt of the payment to avoid financial losses.
- Please note that you cannot place more than two ongoing orders at the same time. You must complete the existing order before placing a new order.
FAQs
Select the crypto you want to sell and the fiat currency you want to receive. Enter the amount of crypto to sell, and the system will automatically calculate the amount of fiat you can receive. Click [Sell USDT]. Confirm order information and click [Confirm].
How do I sell on P2P trading? ›
Enter the amount of USDT you want to sell, or the amount of fiat currency you want to receive, and click Sell to proceed. Note: — P2P transactions will only be processed via the Funding account so please ensure that your funds are in your Funding account before starting a transaction.
Is it legal to sell crypto P2P? ›
P2P crypto trading is generally permitted on a federal level. However, individual states have the authority to implement their own regulations. While there's no explicit federal ban, users should be mindful of potential tax liabilities on cryptocurrency gains. State-specific laws can also impact P2P activities.
How do you trade crypto P2P? ›
Crypto trading is popular due to privacy in peer-to-peer trading. P2P connects buyers and sellers directly, offering advantages like flexible payment methods and low fees. Users can initiate trades by choosing a platform, creating an account, selecting currency, and finding suitable offers.
How to sell on KuCoin P2P? ›
First, select Sell and look for the cryptocurrency you wish to sell. Enter the amount of cryptocurrency you wish to sell, or tap the icon and enter the amount in fiat that you wish receive. Then, select a P2P payment method of your choice. Sell USDT to confirm the order.
How to do a P2P transaction? ›
P2P payments connect the payer and the payee through an app or website. A payer enters the payment amount and the recipient's email or phone number. Funds are transferred directly from the payer's bank account, debit, or credit card to the payee's P2P account.
How do I become a P2P seller? ›
Are you interested in becoming a P2P merchant? Log in to Binance and then click on "Become a Merchant". Once you've completed your identity verification and SMS or email authentication, you have to deposit a certain amount of USDT in your Funding Wallet before you can apply as a Binance P2P merchant.
Is P2P illegal in the US? ›
Sharing work or media through a peer-to-peer (P2P) network is legal if you own the copyright, thus you own the right to determine if and how that work is distributed. For example, you can write and produce an original song and make it available for others to download for free through a P2P file sharing program.
What are the risks of P2P trading? ›
This decentralised approach offers flexibility, lower costs, and improved privacy compared to conventional exchanges. However, despite its advantages, P2P trading poses risks such as regulatory ambiguity, fraud potential, and slower transaction times.
Which account is best for P2P trading? ›
KuCoin is a popular cryptocurrency exchange, particularly known for its robust support for peer-to-peer (P2P) trading. With its user-friendly interface and extensive range of digital assets, KuCoin provides a secure and efficient platform for all types of traders, including those focused on P2P transactions.
- OKX – Advanced Crypto Exchange with Straightforward P2P Trading.
- Binance – Highly Liquid Peer to Peer Bitcoin Exchange With Over 100 Payment Methods Supported.
- Bybit – Top P2P Marketplace for Trading Leveraged Cryptocurrencies.
- KuCoin – Popular P2P Exchange for the Emerging Markets.
Whether you're a seasoned trader or a newcomer to the crypto sphere, P2P arbitrage could be your ticket to making money in the exciting world of digital assets. As crypto trading becomes more popular among global investors, everyone's looking for a way to profit and make money.
Which exchange is best for P2P trading? ›
The Top P2P Crypto Exchanges
- Best Wallet — The Overall Best Exchange for Decentralized Trading.
- Exodus — Offers P2P Trading Within a Multi-Asset Wallet.
- MEXC — Fee-Free P2P Trading for Users in Vietnam, South Korea, and Russia.
- OKX — Popular P2P Crypto Exchange With Zero Fees and 900+ Payment Methods.
How to Sell Bitcoin on P2P Exchanges
- Pick a P2P exchange. Different P2P exchanges offer various services. ...
- Sign up for an account. ...
- Set up your payment method. ...
- Generate a sell order or offer. ...
- Wait for buying offers. ...
- Transfer the Bitcoin to the buyer.
We are thrilled to share some important updates with you regarding our commitment to accelerate the compliance process here at KuCoin. Starting from 2024-05-15 08:00 (UTC), we will temporarily suspend all P2P Nigerian Naira (NGN) services and Fast Buy service via Naira cards.
Is there a fee for P2P KuCoin? ›
KuCoin charges no fees on P2P trading, so you can buy USDT freely without worrying about extra charges eating into your profits, whether you're a trader or a merchant.
Is P2P trading profitable? ›
For instance, trading USDT in USD across different exchanges simplifies the process and allows you to concentrate your resources more effectively. In conclusion, P2P trading across exchanges presents a lucrative opportunity for individuals looking to maximize their profits in the cryptocurrency market.
What is a P2P seller? ›
P2P Seller is an existing Touch 'n Go eWallet user currently using their personal QR code to receive payments for goods or services sold to customers.
Is P2P trading legit? ›
P2P traders themselves serve as the first line of defense against scams and fraud. When engaging in P2P transactions, it is crucial to be aware of the most common scam tactics in order to protect yourself from falling victim to fraudulent schemes.
How do I create a sell order on Binance P2P? ›
How to Sell Crypto Via P2P Cash Trade Zone on Binance App?
- Log in to your Binance app and go to [Trade] - [P2P]. Tap [P2P] at the top and select [Cash].
- Go to the [Sell] tab. You'll see the available cash ads in your region in a map or list view. ...
- Tap a preferred ad. ...
- Your sell order will be generated.
