In recent years, peer-to-peer (P2P) trading has gained immense popularity in the crypto market. It allows individuals to buy and sell popular cryptocurrencies directly with each other, bringing great benefits to users. FMCPAY, a prominent player in the P2P trading space, offers an intuitive platform for users to engage in this type of trading.
This FAQ will provide clear explanations to help you navigate the FMCPAY P2P trading with ease.
1. What is P2P Trading on FMCPAY?
P2P trading enables users to buy and sell crypto directly with other users in exchange for fiat currency. FMCPAY facilitates this process, providing a secure interface where buyers and sellers can find each other and agree on terms.
2. Is FMCPAY P2P Trading Safe?
Serving as one of many key safeguards, our P2P trading platform features a secure holding mechanism for crypto funds involved in pending transactions. This system prevents theft and scams by adding an extra layer of trust, ensuring that malicious actors cannot access your money or crypto without fulfilling their part of the trade.
3. How to Buy USDT on FMCPAY P2P Trading?
Explore the “Buy Ads” section to select the trading pair between USDT and the currency that is most convenient for you. Review the seller’s requirements (price, minimum amount, etc.), and if you agree, proceed with the trade. For step-by-step instructions, refer to our guide: “How to Buy Crypto via P2P Trading on FMCPAY“.
4. How to Sell USDT on FMCPAY P2P Trading?
Selling USDT is just as simple as buying. Find an Ad that matches your requirements and initiate the trade. Once you’ve received the bank transfer from the buyer, make sure to release the USDT within the specified time frame to avoid potential disputes.
5. How to Become a Merchant on FMCPAY P2P Trading?
To become a merchant on FMCPAY, users need to complete a registration process. Here we offers two merchant tiers, each with its own set of requirements and benefits. For more details, check out the detailed guide at: “FMCPAY Merchant Program: Simplify Payments, Maximize Revenue”.
6. Which fiat currencies does FMCPAY P2P Trading support?
FMCPAY currently supports 12 different fiat currencies, offering unparalleled convenience for users worldwide. These currencies include USD, JPY, KRW, INR, IDR, BDT, VND, THB, PKR, PHP, NGN, and MYR. Whether you’re buying or selling, FMCPAY P2P Trading makes it easier than ever to connect with a global network and trade seamlessly.
7. Which cryptocurrencies does FMCPAY P2P Trading support?
FMCPAY P2P Trading supports the most popular stablecoin, USDT, ensuring a reliable trading experience. In addition, we facilitate transactions with two other widely recognized cryptocurrencies: BTC and PAYN, providing users with versatile options for their trades.
8. How to Report Scams on FMCPAY P2P Trading?
If you’ve successfully completed a bank transfer to the merchant but haven’t received your cryptocurrency, start by reaching out to them directly using the chat feature on the transaction screen. If the countdown timer for the trade expires and the issue remains unresolved, simply click the “Appeal” button on the FMCPAY P2P trading screen to file a dispute and get support.
9. How Are Disputes Resolved?
If a dispute arises during a trade, FMCPAY provides a mediation system where our support team can assist in resolving the issue. Your money won’t be lost, because FMCPAY always holds crypto funds involved in the pending transaction until both users confirm that it has been completed. This ensures fairness and helps maintain trust among users.
10. Why Does My P2P Feature Unavailable?
To access P2P Trading and all the features FMCPAY has to offer, users need to complete their KYC verification. Not sure how? Follow our step-by-step guide on how to complete identity verification on FMCPAY and start trading seamlessly!
Conclusion
With this comprehensive FAQ, you now have a clear understanding of how to navigate all the features of FMCPAY P2P trading. Whether you’re new to crypto or a seasoned trader, FMCPAY’s security measures guarantee a safe and efficient trading experience.
Be sure to explore the latest news and crypto insights on FMCPAY to stay informed and make smarter trading decisions!