Peer-to-peer exchanges are becoming increasingly popular as a way to buy cryptocurrencies like Bitcoin and Ethereum.
All major exchanges offer this type of service on their platforms, and Kucoin P2P is one of the best on the market.
P2P exchanges offer several advantages over traditional exchanges such as Coinbase and Kraken.
Peer-to-peer exchanges are growing in popularity because they allow users to trade directly without going through a third-party intermediary.
This means that transactions are faster and cheaper. In addition, these exchanges also provide additional security features such as escrow accounts and multi-signature wallets.
In this article, we will explore why the Kucoin peer-to-peer exchange is a great place to buy cryptocurrency. We will also see how it works and how you can start using it yourself.
Table of Contents:
Where can I find KuCoin P2P Market?
App: Log in to your KuCoin account and on the homepage dashboard > tap “Buy Crypto” in the middle of the screen > choose fiat currency > choose a merchant and place an order
Web: Log in to your KuCoin account and on the main dashboard > click “Buy Crypto” at the top left of the screen > choose “P2P” > select fiat currency > choose a merchant and place an order.
What are the payment methods on Kucoin P2P?
Almost everything you can imagine, from major globally popular methods like PayPal or Payoneer to the lesser-known and locally popular service for users from specific countries. You can also use Wise, N26, Skrill, Western Union and many other payment methods to buy or sell cryptocurrencies on Kucoin P2P.
Why should you use Kucoin P2P to buy cryptocurrencies?
- Lower fees: One of the biggest advantages of using Kucoin P2P is its lower commission compared to traditional exchanges. Traditional exchanges charge high transaction fees, sometimes up to 1% per trade. On Kucoin P2P, however, there are no fees.
- Multiple Payment Methods: Another advantage of using Kucoin P2P is that it offers multiple payment methods. Users can pay via credit card, PayPal, Payoneer, Wise, bank transfer, bank transfers, gift cards, cash deposits, etc.
- Faster settlements: Finally, another great feature of Kucoin P2P is that it settles transactions instantly. Most traditional exchanges take longer due to approval processes.
Need to do KYC to use Kucoin P2P?
No, you
don’t, but the limitations for unverified users are strict – you can only do it. A sale of 400 USDT per day. Before you start using Kucoin’s P2P marketplace, you need to verify your phone number.
