Of the many ways to buy and sell cryptocurrencies, one of the earliest and oldest is peer-to-peer or P2P trading (also sometimes referred to as C2C). This method matches users with merchants who create listings to buy or sell crypto with fiat. Before major exchanges emerged, this was once the primary method of exchange for Bitcoin and other early cryptocurrencies.
Up to $200k in prizes for P2P merchants
One of the leading cryptocurrency exchanges, Gate.io, has its own peer-to-peer trading platform called Gate.io P2P, which currently has zero transaction fees. Recently, Gate.io P2P launched phase 5 of the Global Merchant Trading Competition, featuring a max prize pool of $200,000 USDT. This event is a monthly competition that hands out massive prizes to the top merchants buying or selling cryptocurrency on the P2P market.
Any P2P merchant on Gate.io can register for the competition and compete to become one of the top P2P merchants. The winners are announced at the end of each phase, followed by the reward distribution. In addition to the USDT prizes, merchants can win NFTs and honorary certificates.
Trade P2P with confidence
When done right, trading crypto P2P can be one of the best ways to find an optimal deal when exchanging crypto for fiat or vice versa. However, it’s all about choosing the right platform. On Gate.io P2P, merchants can transact without additional fees on thousands of cryptocurrencies and over 34 supported fiat currencies from around the world. Also, Gate.io P2P provides access to 24/7 client support and can help merchants build their credibility with the reputation and review system, ensuring that merchants are recognized for quality service.
Merchants can transact confidently as Gate.io P2P supports KYC, AML, delayed withdrawal, and more to ensure that transactions can be conducted safely and competently. This dually benefits merchants and their clients as both ends of the transaction can walk away happy with a sense of trust and safety. Overall, Gate.io P2P is a low-cost marketplace with zero additional fees that supports dozens of global currencies and serves millions of crypto users.