The world’s leading social trading platform, BingX, announced the launch of a peer-to-peer trading feature which allows users to buy and sell crypto directly with P2P merchants.

BingX, the world’s leading social trading platform, announced the launch of its innovative peer-to-peer (P2P) trading feature. The company’s latest offering allows users to buy and sell cryptocurrencies directly with P2P merchants at agreed-upon prices.

In a press release, the firm said with BingX P2P, traders will receive rewards for their first trades. The platform further said:

With BingX P2P, traders can enjoy reduced fees, enhanced trust and security, community interaction, and competitive pricing, making it the go-to platform for seamless and rewarding crypto trading experiences.

The platform is advantageous as P2P trading, using its platform, reduces fees compared to traditional centralized exchanges. In a P2P system, intermediaries are eliminated, and users can save on various instances, including trading fees, withdrawal fees, and other related costs, maximizing the user’s potential profits.

BingX has also ensured secure transactions, stating:

To ensure secure transactions, BingX P2P trading employs advanced security measures. These systems hold funds in neutral accounts until both parties fulfil their obligations, effectively reducing the risk of fraud or disputes and enhancing trust and security.

BingX P2P Foster Community Building

The platform also boasts a “vibrant and supportive trading community”, which creates a network for traders to connect.

In addition, BingX P2P fosters a vibrant and supportive trading community. Traders can connect with fellow enthusiasts, share knowledge, and exchange experiences directly, creating an engaging and collaborative environment.

The platform’s emphasis on community building sets BingX apart from traditional exchanges and adds value to the overall trading experience.

BingX P2P is also unique in that it offers competitive pricing:

BingX P2P trading also offers competitive pricing, allowing sellers to set their own prices while providing buyers the freedom to choose from a variety of attractive offers.

This direct nature of transactions ensures favourable pricing for both parties, giving traders an edge compared to centralized exchanges that may impose fees or less competitive rates.

BingX Offers Over 30 Fiat Options

The platform boasts an impressive 30 fiat options, including USD,  EUR, IDR and additional support for nearly 300 payment methods worldwide. The company said it would continually expand its fiat currency offering to cater for the needs of its growing user base.

From Bingbon to BingX

The digital asset exchange announced to complete corporate rebrand in 2021, changing its name from Bingbon to BingX.

The platform, which has offered a crypto spot and derivative services since 2018, said that under its new name, it “hopes to continue accelerating open value transfer and empowering an accessible, engaging crypto trading experience via innovative social trading solutions.”

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

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