P2P trading

How to open additional currency markets as a P2P merchant?

2024-02-11 09:5801414

[Estimated reading time: 2 minutes]

This article explains the requirements and process for merchants who want to post ads in more than one fiat currency market on Bitget P2P.

Requirements to open additional currency markets

For the safety of P2P trading, all merchants are allowed to open only one P2P market based on the account KYC information. All the merchants can only post ads in the legal currency market corresponding to the nationality of the account KYC.

If a merchant wants to post Advertisement in more than one legal currency then he need to satisfy the following conditions:

  • Must have completed at least 5 P2P trades as a merchant in the currency of his nationality.

  • Merchant should provide a certain USDT as safety deposit, for opening one new currency market.

  • For adding a new currency Market, Merchants should also provide bank statement or transaction history of the new currency. To prove that he can receive/send funds in the new currency.

Merchants who satisfy the above conditions can open USD, EUR, GBP, AUD, RUB and JPY markets to post advertisements in these currencies in addition to their home country currency.

How to apply

If you meet all the conditions listed above and are ready to apply for access to additional fiat currency markets, please reach out to our P2P merchant support team through one of the following official channels:

  • Telegram: You can contact us directly via our official Telegram handles — @Bitgetlamelo or @bitgetp2ppay. When reaching out, please include your Bitget User ID and specify the fiat market you wish to open.

  • Email: Alternatively, you can send your request by email to P2P@bitget.com. Be sure to include all relevant details in your message

Our team will review your submission and respond with the next steps or any additional verification required. Please allow some time for processing, as all applications are manually reviewed for compliance and risk control purposes.

FAQs

1. How many trades must I complete before I can apply for another currency market?

You must complete at least 5 trades as a merchant in your home market before applying.

2. What currencies are currently supported for additional market access?

USD, EUR, GBP, AUD, RUB, and JPY.

3. What happens if my application is denied?

You’ll be notified by the P2P team. Bitget may request more information or deny the request based on risk controls.

4. How long does it take to review my application?

Most applications are reviewed within 3 to 5 business days after all required documents are submitted. If additional verification is needed, the process may take longer. You can contact the P2P team via Telegram or email for updates on your application status.

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