P2P

The HollaEx P2P allows users on your exchange a simple way to directly trade crypto & fiat with each other, without needing you as the admin to directly assist in the process.

What is the HollaEx P2P System?

The HollaEx P2P system allows users to buy and sell selected crypto assets directly from each other in exchange for fiat currencies.

This enables on-ramping between users directly, rather than you as the operator needing to provide fiat liquidity and on-ramping methods.

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Glossary

P2P - Peer-to-peer (in the crypto world) refers to a system in which two parties (the vendor and the buyer) can transact crypto/ fiat assets, without the need for a middleman or third party.

Vendor (Makers) - The party that creates the P2P deal and sets the price. This is a (potentially non-exchange affiliated) user on the exchange that uses their crypto assets and offers them

Customer (Takers) - Here refers to the other side of the transaction, to the vendor.

Operator/ Admin - These terms are generally interchangeable throughout the docs, and refer to you as the owner of the exchange, doing the initial setup of the P2P system

Payment Method - Fiat payment methods such as bank deposit info or PayPa,l and other fintech provider payment details.

Minimum Tier - The user account's minimum tier level needed to participate in the P2P market.