Peer-to-peer trading - what is it and how does it work? Personal experience of use

For those who are just starting to dive into the crypto world, the term C2C may sound like a strange abbreviation. Essentially, it means "client-to-client" - a form of direct interaction between people, without the involvement of companies as such. And you know what? I find this model to be much more human than traditional exchange trading!

When I first tried this kind of trading, I was surprised by the process itself. Imagine: instead of dry automatic transactions, you are dealing with a real person. Of course, the platform acts as a guarantor, but the essence does not change.

The scheme works something like this:

• The seller locks their coins on the platform
• You transfer money directly to the seller
• Confirm the transfer on the platform
• The platform asks the seller for confirmation
• After his consent, the coins come to you

And here's what annoys me about this system - anyone can lie! Yes, the platform kind of protects against fraud, but in reality, no one is safe. Sellers can claim that they haven't received the money. Although, of course, transfer evidence usually resolves the issue.

The process of buying is absurdly simple:

1. You select "Self-pickup" in the menu
2. You click "Buy" and select the currency pair.
3. Enter the amount and payment method
4. You choose the seller ( I always look at the volumes and the percentage of closed deals )
5. Pay using the specified method and confirm.

But listen to my advice - be careful! I have personally experienced that security here is shaky. Never trust sellers who offer to use other people's accounts for payment - they are 100% scammers.

And one more nuance - your payment systems may block you for such operations. Therefore, personally, I try not to expose my main accounts. If I often use WeChat, I use Alipay for buying coins. Even if it gets blocked - it's not a big deal.

The purchased coins go to your capital movement account, and you can freely manage them. But remember - no one will make you rich, especially random "advisors" from the internet. Patience and common sense are your best allies.