About P2P Feature on Centralized Crypto Exchange

How to sell cryptocurrency in local currency via p2p

Huobi exchange makes it an easy process to sell on the p2p service. This service allows any user to sell their cryptocurrency directly to buyers and receive the funds directly in their bank account or other payment methods.

To sell on the huobi p2p, Click on Buy Crypto located at the top on desktop. Select the P2P Market option to see all the available buy and sell offers.

It is important to note that before selling on huobi p2p, kyc is required to have access to buying or selling on huobi p2p.

select any buyers from the available buy offers. Choose any offer that you desire based on your preference

Pay attention to the amount of coins available, buyer limits, price and payment method before choosing any buyer to sell your cryptocurrency to.

Once you find the right buyer , click the sell button. Input the amount of coins you want to sell and click on confirm.

Things to keep in mind during P2P trade and its four advantages and disadvantages

There are various things to keep in mind when using p2p on huobi.

• One of the things to keep in mind on huobi p2p is the verification of the user. When a user is verified on huobi, there is a gold diamond icon beside the name of the user.

• Completion rate of the buyer or seller is another thing to keep in mind when trading on huobi p2p. It is better to buy or sell to buyers or sellers with high competition rates as they most likely offer less risk or slow transaction.

• Amount of available coins is another thing to keep in mind when buying any cryptocurrency from p2p. look at the amount of available coins before choosing any seller.

• Limits is another thing to keep in mind when buying or selling on huobi p2p. The limits is the range of assets the buyer or seller can afford to buy or sell.

• Price is also to be considered. Every buyer or seller have their own buy or sell offer listed on the p2p. choose the best price based on your preference.

• Payment method is another thing to consider when using p2p. there are various payment methods that are supported on huobi p2p, select the buyer or seller that right payment method for you.

Advantages of p2p

• Quick way to sell crypto and receive payment directly to your bank account.
• It is peer-to-peer which means that buyers or seller have the freedom to set their own prices of their choice.
• Escrow service to mitigate scam or fraud
• It is a fast way to convert crypto to fiat

Disavantages of p2p

• High number of scam attempts on p2p

• Requires verification to use. Verification processes can be slow which means that before you use p2p, you will have to wait to be verified.

• Very few cryptocurrencies are supported on huobi p2p

• Sometimes buyer or seller can delay transactions

Conclusion

A death cross and golden cross are both patterns that can help signal traders when there is a possible trend reversal. A death cross is associated with a downtrend, it is not a pleasant sign as it is an indication that there could be a potential downtrend. A golden cross on the other hand is associated with a uptrend, it is a pleasant sign as it is an indication that there could be a potential uptrend. While the death cross and golden cross does not guarantee 100 accuracy, it has proven to have a good success rate when it comes to determining possible trend reversal. P2p on the huobi exchange is a great feature for buyers and sellers to buy or sell crypto directly to their bank account or payment method of choice. However, it is important to pay attention to the things to consider mentioned earlier so as to successfully use the p2p feature on huobi.