Question 1

What is BingX P2P Trading? How does the platform ensure the security of my funds?

Accepted Answer

BingX P2P (Peer-to-Peer) trading platform is a fiat-to-crypto trading platform launched by BingX, enabling seamless transactions between users and merchants for quick conversion of fiat to digital currencies. As a facilitator, the platform provides a channel for buyers and sellers to post ads, but the ads' prices are not set by BingX.When a seller posts an ad, the corresponding amount of crypto is automatically deducted from their fund account. The crypto remains frozen until the order is canceled or completed. Sellers must not release the crypto or manually cancel the order before confirming receipt of the buyer’s payment. Note that some payment methods used by buyers may not support instant credit, which could pose a risk of payment reversal.

Question 2

How to buy/sell crypto on BingX P2P?

Accepted Answer

Follow step-by-step instructions to trade easily:How to buy crypto via P2P on BingX & How to sell crypto via P2P Trading.

Question 3

Is identity verification (KYC) required to trade on BingX P2P?

Accepted Answer

Yes, all users must complete identity verification (KYC) to trade on BingX P2P, ensuring that accounts are legally created and used by their rightful owners. You can check the required documents in the Avatar - Identity Verification section.For more details, refer to: How to Complete KYC or Identity Verification.

Question 4

Why don’t I meet the conditions to buy or sell crypto?

Accepted Answer

You may not meet the conditions due to failing to fully satisfy the requirements set by the advertiser. You can click the Ineligible button to view the specific conditions you do not meet.

Question 5

Does the platform charge fees for BingX P2P trading?

Accepted Answer

Currently, BingX P2P Trading is in a promotional period, and neither buyers nor sellers are charged fees. However, depending on the payment method, users may need to pay fees to third-party payment channels.

Question 6

How can I resolve a P2P order appeal quickly?

Accepted Answer

The most effective way to resolve a P2P order appeal is to communicate with your counterparty via the order chat window and reach a consensus. If negotiations fail, you can escalate the issue by filing an appeal.The best way to protect your funds is to strictly follow the trading rules. Before participating in P2P trading, review this guide to help resolve issues quickly before escalating to an appeal: Common P2P Appeal Scenarios and Solutions.