USDS Peer-to-Peer trading, also known as USDS P2P trade, involves two people selling or buying USDSHARES directly from one another. It is a sort of trading in which vendors and buyers register on a USDS P2P platform, sometimes known as a marketplace or exchange. They can eventually post advertisements for USDS to be purchased or sold at a defined price range (+/-3 margin) and location/country.
The process is similar to selling items on eBay, Etsy, or Craigslist in that the vendor and buyer negotiate directly with the buyer to arrive at a price. However, what makes this situation special is that you are buying and selling USDSHARES (USDS).
Consider the following scenario: you want to buy USDS from someone in your neighborhood, your country, or another country. The P2P exchange can assist you in connecting with the appropriate person, at the right time, and in the right location, enabling you to receive the best trading price and pay in a way that is convenient for both of you.
P2P platforms in various countries are multi-million dollars revenue generating ventures that when well managed and connected with sufficient userbase it runs perpetually making every investment worth the venture.
Bloomshares is an excellent choice when it comes to P2P trading because it provides a variety of payment methods, and transaction processing times. To utilize P2P, Swap, Vault, or Lending functions on Bloomshares, users must first pass the Know Your Customer (KYC) process. You can still deposit tokens into your account without the KYC, but you won't be able to use the trading and swapping functions.
Before you can conduct your first transaction on Bloomshares P2P Platform, you must first register an account and pass the identity verification procedure.
Please follow the instructions below to verify your Bloomshares account.
Bloomshares P2P sellers are subjected to a vetting process that includes identity and business verification. Bloomshares also provides an additional layer of security for your transactions by validating all Bloomshares P2P users.
Following the verification procedure, it only takes a few clicks to complete your first transaction.
Buying USDSHARES Through Bloomshares P2P
Log in to your Bloomshares account and go to the P2P page. Click "Register" if you do not already have a Bloomshares account.
Enter your email address and create a password on the signup screen. Click the "Register" button.
Pass the identity verification test, enable SMS verification, and enable the 2FA extra security authentication layer.
Click Buy USDS
Click the 'Buy' button next to the USDS token network type you want to purchase. Select an ad and click the "Buy USDS" button after filtering the price and "Payment" in the drop-down.
Enter a fiat currency amount or the total amount in USDS that you want to buy, then click "Buy."
Check the payment method and total cost. The payment must be made within the term specified by the Bloomshares exchange. After you've made your payment, click "Transferred, next," and then "Confirm."
The transaction is completed after the seller releases the USDS asset.
Because the transfer is instant following the escrow release, you may also see the USDS token you just purchased by heading to your wallet on the exchange.
Selling USDS On Bloomshares P2P
Select "Sell USDS," then "Post Trade" from the menu bar at the top.
Click on the USDS token network you want to sell, then select a buyer with the best rates and click "Sell." After you've selected an ad, click "Sell" after filtering the price and "Payment" in the drop-down menu.
Enter the amount to be sold in fiat currency or USDS and press the ''Sell'' button.
The transaction will now state "Payment to be made by buyer" and include a countdown.
When the buyer pays, the transaction status changes to "USDS To Be Released." Please confirm that you received payment from the buyer via the payment method you selected.
Once you've confirmed the buyer's payment, click "Confirm release" and "Confirm" to transfer the USDS tokens to the buyer's account.
The buyer's USDS tokens will be delivered to their wallet.
If you have any issues with the transaction, you can contact the buyer using the chat window in the upper right corner of the page, or you can click "Dispute" and the Bloomshares customer service staff will assist you in resolving the issue so that your order is completed.
Because of the following features and benefits, the Bloomshares P2P exchange stands out among the different P2P solutions available in the crypto industry:
Very Low P2P fees
The fact that Bloomshares P2P is free to use with very low fees is one of its most appealing features. Unlike many other P2P networks, Bloomshares P2P does not require you to give a percentage of your USDS transactions. You receive precisely what you pay for because there are no hidden fees.
Various Payment Options
You can use any of the more than 180+ payment methods available on Binance P2P to send and receive money for your transactions.
Adequate USDS support in vault value savings/staking, lending, and global borderless payment simplicity. Swap major cryptocurrencies to USDS seamlessly.
High completion rates
Bloomshares ensures a high level for its P2P market by enforcing tight seller regulations. To maintain access to the platform, they must complete transactions quickly and satisfactorily.
The Bloomshares P2P's escrow service features a reserve mechanism for USDS money invested in any pending transaction as one of numerous protections on the platform. This strategy prevents theft or frauds by establishing a second level of trust, which prevents criminals from taking your funds or USDS without completing their side of the transaction.
Transactions are completed quickly
On P2P platforms, merchants can limit transaction lengths to 15 minutes. This means you can complete a secure and quick P2P transaction with selected merchants in less than 15 minutes.