RedotPay P2P Marketplace Guide
Peer-to-Peer, Powered by You: RedotPay’s All-New P2P Marketplace (Launch + Tips)
RedotPay’s P2P Marketplace lets you buy/sell crypto and stablecoins directly with other users, protected by platform escrow, ratings, and step-up security. To win on price and speed: use tight filters, trade with high-rating, fast-release partners, keep passkeys/alerts on, and always confirm the payment instructions in-app.
What’s New
- Escrow-backed trades: Funds are held until both sides complete the payment steps.
- Smart filters: Sort by price, method, network, limits, rating, and release time.
- Verified profiles: KYC tiers and reputation metrics visible before you accept.
- Flexible rails: Support for low-fee networks (ideal for stablecoin moves).
- In-app chat & proofs: Share receipts safely (no external links).
- Dispute center: Evidence-based resolution if something goes wrong.
Availability, assets, and methods vary by region. Always check the live options inside the app.
How It Works
- Choose Buy or Sell → pick asset/network and your payment method.
- Filter offers by rating, release speed, min/max limits, and price.
- Start trade → funds move into escrow (for sells) or are reserved.
- Follow instructions precisely (reference/memo, exact amount, time window).
- Upload proof (receipt/transfer ID) in the in-app chat.
- Counterparty confirms → escrow releases automatically.
- Rate the trade and save reputable partners to Contacts.
Fees, Timing & Settlement
- Spread/price: Set by counterparties; best quotes go fast—refresh often.
- Network costs: Lower on low-fee chains (pick wisely at funding).
- Platform fees: Shown before you confirm; can differ by action/asset.
- Timing: Many trades clear in minutes with fast-release sellers; disputes add time.
Safety First
- Passkeys on (phishing-resistant), keep 2FA as fallback.
- Trade in-app only: No external chats, links, or screen-share requests.
- Exact match: Name, account number, reference/memo must exactly match instructions.
- Proofs in app: Upload bank slips/tx IDs only via the trade chat.
- No early release: Sellers release only after confirmed receipt.
- Dispute promptly: If anything looks off, open a dispute with evidence.
Pro Tips to Get Better Rates
- Filter by “High Rating + Fast Release” to cut settlement time.
- Trade during peak liquidity (local business hours) for tighter spreads.
- Use saved Contacts to rebuy from trusted partners at predictable prices.
- Keep small network gas on your chosen chain to avoid stuck sends.
- Batch when possible: Larger, fewer trades reduce fixed fees and chat overhead.
- Edge-convert: Move on a low-fee network; convert only at the last step to minimize FX churn.
- Tag every trade (memo: purpose/client/invoice) for clean exports and audits.
Buyer & Seller Playbooks
If You’re Buying
- Pick sellers with >98% completion, fast release, and clear instructions.
- Pay from an account in your name; include the exact reference.
- Upload proof immediately; stay in the chat until release.
If You’re Selling
- Set a clear price band, min/max limits, and time windows.
- Require exact reference/memo; release only after verified receipt.
- Use auto-replies with your standard instructions to cut chat time.
Common Mistakes
- Paying a different amount than agreed (triggers manual review).
- Wrong memo/reference on bank transfers (escrow won’t release).
- Off-platform communication (voids protection, invites scams).
- Zero gas on your network (can’t send, deal timeouts).
- Rushing limits: Starting a large first trade with an unknown counterparty.
FAQs
Do I need KYC to trade?
Yes—higher tiers unlock larger limits and more methods.
Can I pick the blockchain network?
Yes—choose a supported low-fee network for cheaper, faster settlement.
What protects me from scams?
Escrow, ratings, in-app chat, and disputes. Never release funds early or move to external chats.
Are fees fixed?
Platform fees are shown pre-trade; price/spread comes from the counterparty.
Can businesses use P2P Marketplace?
Where allowed, KYB accounts can trade within compliance limits. Keep records via exports.
