The P2P cryptocurrency market has grown in popularity in recent years. Pexpay, a significant cryptocurrency exchange, has surpassed Bitget to be ranked 16th in the list of global P2P platforms. So today’s Pexpay review will introduce you to all the essential things to know about this exchange before you decide to trade on the platform.

About Pexpay

The Pexpay exchange started operating in 2021 with a simple purpose: to make cryptocurrency accessible to everyone, anywhere in the world, by realizing the importance of cryptocurrency and understanding its role in the key of exchange to the cryptocurrency ecosystem.

At Pexpay, they offer our users, both advanced traders and beginners, a reliable, professional, and easy-to-use trading platform. Products include:

• Peer-to-peer cash-to-crypto trading.
• Cryptocurrency conversion.
• Users can use other tools and features as they grow their portfolios.

They focus on building unique crypto derivative products for our users to access the blockchain ecosystem easily.

Strengths of the exchange

Sure: The security and risk control team is experienced in managing virtual assets.

Trusted: 24/7 security monitoring and technical support to ensure the safety and reliability of Pexpay’s platform.

Ease of use: Whether you are an advanced trader or a beginner, you have the right and freedom to invest in many crypto pairs and take advantage of a wide range of tools and features to create your financial growth chart.

Focus on users: The interests of users always come first. Customer complaints and feedback about service quality will always be accepted.

24/7 Customer Support: Armed with extensive product knowledge, the international customer support team is dedicated to understanding your needs and providing personalized solutions to inquiries and problem.

Services and Features

P2P Transactions

This is considered an outstanding service of Pexpay. P2P (peer-to-peer) trading in cryptocurrencies is a transaction where individuals can buy and sell cryptocurrencies directly. Unlike traditional exchanges, P2P trading does not need the involvement of intermediaries like conventional centralized exchanges.

Since P2P exchanges have no middlemen between buyers and sellers, the total transaction and withdrawal fees are usually lower than in regular exchanges. Customers using P2P services at Pexppay absolutely do not have to pay any fees.

In January 2023, Pexpay is pleased to announce the launch of its new peer-to-peer trading platform, created with the vision of accelerating the access and adoption of cryptocurrencies in a decentralized manner. Starting today, users can buy and sell cryptocurrencies directly with other users with zero transaction fees through this peer-to-peer platform.

With over 50 payment methods available, all Pexpay users and merchants can enjoy safe, easy, and fast transactions backed by 24×7 customer service. Pexpay currently supports buying and selling BTC, ETH, and USDT with 24 fiat currencies, including Chinese Yuan (CNY), Euro (EUR), US Dollar (USD), and Malaysian Ringgit (MYR).

The service uses best-in-class tools and methods such as facial recognition, escrow service protection, and big data analytics to maintain the highest level of security for its users.

As one of the top P2P exchanges in the world, Pexpay is providing P2P trading services for all centralized and decentralized platforms looking for cost-saving and efficient fiat on and off-ramp solutions. This marks the first stage of promoting its P2P marketplace and allows more users to access cheap and fast purchase of crypto purchases and sales, all in one platform.

Convert

Log in to your Pexpay account to access our functions, such as checking indicative prices and converting cryptocurrencies.

With the service, you can instantly and conveniently convert your crypto assets on Pexpay Convert without worrying about transaction fees. However, a bid-ask spread (or a bid-ask spread) will be based on the exchange rates between those assets. The market determines the exchange rate and shows it on the confirmation screen before you confirm the conversion.

The minimum trade amount is usually equivalent to an amount worth 20 USDT. The minimum and maximum trade amount will vary according to the cryptocurrency/pair you choose and will be displayed when you enter the trade amount.

The converted amount is paid directly to the wallet of your Pexpay account, and payment will usually occur immediately after you confirm the conversion.

Spot trading

Cryptocurrency marketplace where you can buy and sell 124 cryptocurrencies available for a spot at real-time prices with no fees.

The spot market is popular with day traders because they can open short-term trades at the lowest spreads and with no expiration date.

Future Trading

When using trading, a contract gives you ownership, with the ability to buy or sell a specific cryptocurrency at a later date – owning an agreed-upon contract, with the right to buy or sell a particular cryptocurrency at a later date at an agreed-upon price.

Pexpay futures trading functionality is available for both iOS and Android. You can now trade over 100 different USDT-M Futures perpetual contract options directly on your mobile app.

Enjoy a 10% discount when you use BNB to pay Futures trading fees. Transfer BNB to your Futures wallet to enjoy this discount!

Saving

Pexpay allows users to earn through flexible savings, fixed savings, and staking products. The latest change is expected to be implemented in November. From September to November, keyed savings products will be temporarily unavailable to new users.

Existing Fixed Savings subscriptions are automatically redeemed upon expiration. If you want to save these subscriptions manually, you can manage these subscriptions directly from your Monetization Wallet.

Pexpay Savings assets will be used in crypto-leveraged loans and other businesses. When you use the service, you unconditionally authorize Pexppay.com to distribute leveraged profits according to the platform’s rules.

Fee

Spot trading

Future trading

Deposits and Withdrawals

A flat fee is charged to cover transaction costs when withdrawing funds from a Pexpay account. Withdrawal rates are determined by the blockchain network and are subject to fluctuations without notice. Please check the most recent data listed.

Instructions for using the basic features

Create an account on Pexppay

Requires account creation to access products and services

You must enable SMS verification or Email verification

You need to complete KYC verification before making a transaction: For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to assess the authenticity of documents. This service is provided by the online identity service Onfido, which has been used by the Bitstamp, Revolut platforms.

Click [Add New Payment Method] -> [All Payment Methods] to select the method you want.

How To Buy Crypto Or Deposit Crypto?

There are two main options for topping up your balance on Phemex. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

How To Withdraw Crypto Asset?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes application.

Strategic Partnerships With Binance, ApolloX And Banxa

With Binance and ApolloX, the biggest centralized and decentralized crypto derivatives exchange on the BNB Chain, Pexpay has established a significant cooperation. By this partnership, users with accounts on Binance and ApolloX will have immediate access to Pexpay’s services and cross-platform bi-directional cryptocurrency fund transfers.

Also, Pexpay users may conduct safe and quick fiat-to-crypto purchases thanks to the integration with their first fiat-gateway partner, Banxa. Using this connection, customers may purchase BTC, ETH, USDT, BUSD, and other cryptocurrencies on Banxa using a variety of local and international payment methods, including Visa and Mastercard, Apple Pay, Google Pay, and many more.

Conclusion – Pexpay Review

The above article has introduced all the information you need to know about the Pexpay exchange and some basic instructions to help you use the services on the platform.

Overall, this is an exchange that has quite the full range of features that a beginner to experienced trader needs. It is an exchange with a strong P2P service in the market. Besides, competitive fees make it attractive to users. Therefore, this can be a safe and right choice for traders.

Hope the article is useful to you. If you have any suggestions, please leave them in the comment section below to make our article more complete.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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