by Admin
11 Aug 2022
What Is P2P? This Post Shows You Exactly How Our Peer To Peer Network Works | Using The Binance P2P Model

What Is P2P and What Does It Stand For?

P2P stands for Peer to Peer. It refers to a type of transaction that happens directly between two individuals — without any middleman — on a platform like P2PNG.

In a P2P transaction, one user creates an offer to sell a digital asset (such as USDT), and another user on the platform chooses to buy that asset at the listed rate. It’s a fast, convenient, and secure way for people to trade crypto with each other — especially for users looking for better rates than traditional exchanges.

Before now, many Nigerians relied solely on platforms like Binance P2P. But P2PNG was built specifically for Nigerians — giving you access to a dedicated P2P platform tailored to local needs with added support, security, and simplicity.


How Does the P2PNG Platform Work?

Using P2PNG is simple and seamless:

  1. The seller deposits the crypto they wish to sell into their P2PNG wallet.

  2. They then create a sell offer on their dashboard.

  3. A buyer browses available offers, selects one, and clicks the Buy button.

  4. The buyer pays the seller directly — using the payment method specified in the offer.

  5. Once the seller confirms receipt of payment, the crypto is automatically released from escrow into the buyer’s P2PNG wallet.

  6. The buyer can then withdraw or trade the funds as needed.

All trades on P2PNG are backed by a secure escrow system, ensuring fairness and protecting both parties throughout the transaction.


What Cryptos Can I Buy and Sell on P2PNG?

On P2PNG, users can buy and sell a variety of crypto assets. Currently supported wallets include:

  • USDT (TRC20 & ERC20)

  • USDC (TRC20 & ERC20)

  • BTC

  • ETH

  • BNB (BEP20)

More coins will be added based on user demand and liquidity.


Is My Crypto Safe on P2PNG?

Absolutely. Your funds are protected by multiple layers of security:

  • Escrow protection during trades

  • Two-step verification (2FA)

  • Cold wallet storage for most assets

  • Wallets secured through trusted infrastructure partners

We also run continuous monitoring and manual dispute resolution to make sure every user has a smooth and safe trading experience.

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