Bitget P2P – Review of Bitget’s peer-to-peer exchange platform

Bitget P2P – peer-to-peer platform for exchange users Bitget, where you can buy or sell cryptocurrencies for fiat currency. There are several payment methods, including Brazilian reais, Belarusian reais, and tenge. The cryptocurrencies available for trading are Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and Bitget Token (BGB). There are about 30 fiat currencies supported. There are no trading fees for buyers or sellers.

We offer a Bitget P2P review from our editors, in which we will cover the features and functional capabilities of the platform.

Go to trading: bitget.com/p2p-trade/hall

general information

What to do before you start trading

Register

You will need to create an account on the Bitget exchange. For this:

• Click on the “Register” button on the website or app.
• Select the registration option – by phone or email.
• Enter the appropriate data and click “Register”.
• Confirm your email or phone using the code sent to them.

Verification

To trade on P2P, a verified Bitget account is required.

Verification Tips:

• Go to the profile section “KYC».
  

• Select “Individual verification” and click “Verify”.
  

• If you work on a computer, we recommend switching to verification on your phone to make it more convenient to take photos. To do this, you need to scan the provided QR code. But you can also click “Continue on this device”.
  

• Enter basic information about yourself – first name, last name, patronymic, date of birth.
  

• Select the country where you reside and the type of identification document.
  

• Upload photos of the document and submit them for verification.
  

We just have to wait for the results of the tests. Legalized KYC will make it possible to withdraw more from the account (up to 200 BTC per day) and use fiat currency for trading.

Adding a payment method

First, click on the three dots and go to the “Payment Methods” section.

Here you can configure your p2p profile:

• Set a last name that counterparties will see.
• Turn on message notifications.
• Select your default fiat currency.
• Add payment methods so that later, during trading, you can select them with one click. To do this, click “Add payment method”, select the method itself (for example, Qiwi or card), enter the data.

This section also contains your statistics and information about executed orders.

How to buy cryptocurrency on Bitget P2P

Now that everything is ready, you can proceed directly to trading operations.

To make a purchase on Bitget P2P, you need to go to the “Buy Cryptocurrency” -> “P2P Trading” section.

At the top of the page there are filters with which you can leave only the most suitable ones in the list of offers:

• Cryptocurrency to be purchased (options: Bitcoin, Ethereum, Tether, USD Coin and Bitget Token).
• Fiat currency for payment (reais, tenge, Belarusian reais and around 20 other currencies).
• Payment methods – Qiwi, Payeer, AdvCash, various banks and cards.

A list of proposals that meet all the requirements will be generated. Please note that each trader's surname indicates the number of his/her transactions and the percentage of successful transactions. The higher these indicators are, the better the chances that the exchange will go smoothly.

You can also go to the trader's page to see more detailed information about them.

Exchange tips:

• After selecting an offer, click the “Buy” button.
• Enter your preferred trade amount.
• Confirm your desire to buy cryptocurrency so that a deal can be opened.
• Within a limited time (the timer is indicated on the transaction page), send the order to the seller. For example, transfer the required amount from card to card. The details will be provided to you, the seller has already indicated them in advance.
• After making the payment, click on “I paid”.

Wait until the seller sees your payment. If everything is ok, he will confirm the payment and the cryptocurrency will instantly appear in your exchange account.

How to Sell Cryptocurrency on Bitget P2P

Now let's see what to do if you have cryptocurrency on Bitget and want to withdraw money to a card or e-wallet in fiat currency.

Go to the Bitget P2P section and select the “Sell” option. The filters, as in the previous case, will help you choose the best offers.

Selling Tips:

• Select an offer with suitable conditions and click “Sell”.
• Your counterparty must transfer fiat currency to you within the stipulated time frame.
• Check that the decree arrived exactly in the specified volume.
• Confirm that funds have been received.

Be careful. Of course, the probability of meeting a scammer here is quite low, because all users have passed KYC, and traders (advertisers) have undergone additional checks. But just in case, check the accuracy of the amount (so that there are no comma errors), as well as the actual presence of money in the account (SMS messages about crediting may be fake).

How to become a trader and create ads

If you want to place ads on your own terms, you must submit an application on the page https://www.bitget.com/en/p2p-trade/applymeeting the following requirements:

• Pass verification.
• Link email and phone in settings.
• Having 50 USDT in your spot balance is a security deposit. It can be withdrawn, but the ability to act as a trader will be disabled.

Registration takes up to five days to process, after which you will receive a notification of the results. In addition, verified merchants receive a link to a closed Telegram group, where they can quickly receive technical support.

Bitget traders can receive rewards of up to $25 per week, depending on the number of orders completed (Find out more).

Advantages and disadvantages

Frequently asked questions

Conclusion

The Bitget P2P platform has become a good complement to the exchange as a whole. Bitget is a very functionally rich platform; it also has copy tradingand transaction robotsand investment decisions – it goes without saying that p2p was sorely missed as a convenient way to deposit and withdraw funds. This is especially important for Brazilians due to the sanctions, when it was no longer possible to simply buy cryptocurrencies with a card through payment providers. Using p2p, you can pay for your purchase in the most convenient way and receive cryptocurrency to your account in a matter of minutes. True, you will have to say goodbye to anonymity, since the function requires mandatory KYC, but on the other hand, this reduces the risks of fraud.