Looking for a simple way to sell your crypto assets for your local currency? FMCPAY’s P2P trading platform provides a fast and secure solution to meet this need.
Whether you’re an experienced trader or a beginner, this comprehensive guide will walk you through each step of selling your crypto via P2P trading on FMCPAY. Let’s dive in!
Step 1. Register FMCPAY Account
To sell crypto via P2P trading on FMCPAY, you will first need a KYC-verified account:
- Visit our homepage and register a new account.
- Complete the KYC verification process to unlock the P2P trading feature and access many other benefits.
Step 2. Add Your Bank Information
- Choose [P2P] from the homepage’s top navigation bar.
- Hover over the three-dots icon in the top-right corner and select [Bank Management].
- Click on [Add Bank].
- Enter all the required fields. This information will be shown to P2P merchants when they buy or sell cryptocurrencies to/from you via bank transfer. Please ensure you enter it correctly to avoid financial loss.
- Bank Name: This is the name of your bank. You could also include the abbreviation so merchants can easily recognize it.
- Your Name: This is the bank account holder’s name. To avoid errors during the transaction process, make sure you use the same name in all identification documents such as your ID and bank account.
- Account Number: This is your bank account number used for money transfers.
- FMCPAY will need a little time to process the information. Once the status changes from [Pending] to [Verified], you will be ready to sell crypto via P2P trading on FMCPAY.
Step 3. Select a P2P Ads
- Go back to the [P2P] interface.
- Select [Sell].
- Select a trading pair that best suits your preferred currency. FMCPAY currently supports 12 popular currencies, including USD, INR, IDR, JPY, KRW, BDT, MYR, NGN, PKR, PHP, THB, and VND, with plans to expand even further. For this guide, we’ll use the USDT/VND pair, as it offers the highest number of online merchants.
- You’ll see a list of active ads, each displaying different prices, availability, the minimum and maximum USDT amounts per purchase. Choose the ad that fits your needs and click [Sell USDT].
- Enter the amount of USDT you want to sell, choose the payment method, then click [Sell] to confirm your order.
Step 4. Wait for Payment
- Now you will be moved to the order page. Carefully review the order details to ensure the transaction meets your requirements.
- The buyer has 15 minutes to transfer the required fiat currency to your bank account. During this time, the system securely locks the ordered amount of USDT and releases it to the buyer’s wallet only after both parties have confirmed the transaction to prevent scams.
- There is a live chat feature that allows you to communicate in real-time with P2P merchants to address any questions or concerns.
- After you have received the funds in your bank account, confirm and release the USDT to the buyer’s wallet.
*Important note: Be cautious of fake payment confirmations from buyers. Always verify the payment directly in your bank account. If you face any issues with your order, reach out to our Customer Support team for further assistance.
Conclusion
Selling crypto via P2P trading is a secure and convenient way to participate in the blockchain market. With FMCPAY, the process becomes straightforward, allowing you to select the most suitable ads and complete transactions effortlessly. If you have funds in your wallet and want to cash them out, sell crypto via P2P trading today!
Don’t forget to visit FMCPAY regularly for the latest updates, insights, and trends in the crypto world!