# P2P

## 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.<br>

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&#x20;

**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.<br>