Is it safe to buy and sell Cryptocurrency on a P2P platform?

The need to exchange cryptocurrency for fiat money may cause problems for some users. At this stage, you can make some mistakes that can lead to partial or even complete loss of money, which is the honest truth. The people who have only recently become acquainted with cryptocurrencies and are not familiar with exchange options are the most susceptible to fraud schemes.

Therefore, it is necessary to do your research and carefully choose a platform for the exchange.

A p2p platform is a cryptocurrency platform for individuals, where users can interact with each other by buying and selling Crypto. Traders create offers that indicate the price and payment method and users browse the offers and choose their preferred payment method. Since there is no involvement of any third party, users can directly trade with each other more efficiently, profitably and securely.

Peer-to-peer platforms are considered the most secure way of trading between users.

Escrow in this case means an agreement in which a third party ( the p2p platform) holds the funds in safe and secure manner until the promised trade is completed and both parties have agreed to the trade. Also know as an Escrow service. It’s got many advantages, one being that it gives the buyers confidence and trust in the buying process, showing them that the seller will follow through with the trade.

When carrying out an online exchange, when sending bitcoin or fiat currencies, is there a guarantee that the counterparty will fulfill its obligations under the transaction and will not disappear with your money or crypto? Is there a guarantee that an inexperienced user on the Internet will not fall for a scammer and will not lose his money?

The digital asset escrow service solves this problem and eliminates the risks during the transaction. During the transaction, cryptocurrencies are controlled by the P2P platform, which guarantees the security of the transaction. Not only that but Vertex Market offers the choice of adding insurance to your trades or Vertex wallet incase something does go wrong. This is an awesome feature.

As soon as the buyer completes the payment to the details specified by the seller, and the seller confirms receipt of payment, the assets will be released from the escrow and transferred to the buyer’s account.

This guarantees:

• To the seller — that they will receive payment for the cryptocurrency;

• To the buyer — confidence that the seller will not run off with their money and they will receive his cryptocurrency.

If a dispute arises between the buyer and the seller, representatives of the platform intervene in the transaction, who act as independent arbitrators. Platform employees act strictly in accordance with the rules of the company, and will carefully study all the information provided by the parties.

The result of the consideration of disputes is always a fair decision.

As a dynamically developing company, Vertex.Market strives to provide maximum security for cryptocurrency transactions. Therefore, the platform takes comprehensive measures to ensure the safety of users.