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What is P2P Trading (Peer-to-Peer)?
P2P trading lets you buy/sell crypto directly with another person using local payment methods like UPI or bank transfer, with the platform acting as escrow.
Full Explanation
Peer-to-peer (P2P) trading connects crypto buyers and sellers directly, with the exchange acting as escrow (holding crypto until payment is confirmed). In India, P2P enables: buying crypto with UPI/IMPS/bank transfer, bypassing exchange deposit limits, and trading at negotiated prices. Indian exchanges offer P2P trading with verified counterparties. Risks: potential for payment disputes, slower than instant exchange purchases. Always trade with verified users with good reputation scores.
Example
On an exchange's P2P market: find a seller offering USDT at ₹84, send UPI payment, seller releases USDT from escrow to your wallet. Platform mediates disputes.