AAX Exchange P2P crypto trading is simply a way to facilitate a transaction between two individuals. This is done with third-party oversight to ensure that both parties stick to their end of the deal.
Imagine meeting someone online and after sending money their way, they simply disappear.
The P2P format prevents this by holding the crypto funds, releasing them to the buyer only after the seller confirms he or she has received payment.
This article is a step by step beginners guide on how to use AAX Exchange P2P Platform for buying, selling and trading Cryptocurrencies.
AAX Exchange P2P Guide
A P2P platform works similar to an online store like Amazon where different merchants offer the same products at different prices.
So, let’s say you want to buy 1 Bitcoin and you want to pay for this by bank transfer with Hong Kong dollar, you would simply look for a vendor that accepts Hong Kong dollar and offers Bitcoin at the best price. Once you’ve paid, you will receive your Bitcoin.
Step 1 – Login to App
Before using AAX P2P, it’s important you download and verify your account. After verification, you should proceed with login and paying keen attention to the below guide.
Step 2 – Select Trade
Next, select TRADE on your home screen. The TRADE button is clearly vivid on the site bottom screen.
Step 3 – Click Cash
The CASH text appears on the top right of the AAX Exchange App immediately after clicking trade. For easy identification, users will find CONVERT, SPOT & CASH together.
Step 4 – Filter
On your top screen, you’ll be presented with the sign of a Filter. Obviously, your to click on that on take a look at image below.
Step 5 – Choose Currency
This is the selection of your most preferred payment method. As a Nigerian or individual in Nigeria, select NGN.
Step 6 – Payment Method
To get paid directly to your bank, select BANK TRANSFER.
Step 7 – P2P
Select P2P on the prompted screen.
Step 8 – Buy Coin
Input value of purchase
Step 9 – Confirm Payment
Once you’ve placed your order, you can find the details on the next page. It is crucial that you make your payment within 15 minutes – otherwise, your order will be canceled.
On this page, you can also contact the merchant you’re trading with.
Step 10 – Await Confirmation
After you’ve paid and confirmed, you can check your order details again. If a problem arises, you can click ‘Dispute’. Once the transaction is completed, you will be led to a final confirmation page.
Step 11 – Approved
You get the coins in your wallet
Conclusion on AAX P2P
P2P crypto trading is basically a way to facilitate a transaction between two individuals with third-party oversight to ensure that both parties stick to their end of the deal.
Imagine meeting someone online and after sending money their way, they simply disappear. The P2P format prevents this by holding the crypto funds, releasing them to the buyer only after the seller confirms he or she has received payment.
