XREX P2P
Learn how to use BitCheck to transact crypto via P2P!
How to Transact via P2P
Follow the steps to buy, sell and trade crypto using Bitcheck on XREX!
1. Complete KYC
Download the XREX app from the app store if you haven't already, register with all the required details and documents for KYC, and then wait for account approval.
2. Join XREX Telegram
Join the official XREX Network on Telegram. Here you will find multiple buyers and sellers offering competitive rates for various cryptocurrencies.
3. Post Requirement
Connect with buyers and sellers directly on our Telegram group or post your requirement - i.e. which crypto you would like to purchase or sell and at what rate.
4. Find a Buyer/Seller
Once you find a buyer or a seller as per your requirement, connect with them via DM (Direct Message) on Telegram and exchange XREX IDs so that you may add each other on the XREX app.
5. Initiate BitCheck
Once you have finalized a deal with someone, the next step is to transfer the agreed crypto amount via our free escrow service - BitCheck. On XREX it is the seller who needs to initiate the BitCheck.
6. Transfer Funds
When a buyer receives a BitCheck, they can rest assured that the crypto will be released to their wallet once they transfer the agreed funds to the seller's bank account.
7. Release BitCheck
Once the seller confirms the receipt of the funds in their bank account, they release the BitCheck - i.e. the escrowed crypto gets deposited into the buyer's wallet.
8. Transaction Complete
That's it, after the BitCheck is released by the seller, the crypto is immediately deposited into the buyer's wallet and the transaction is deemed as completed.
How to send and receive BitCheck
Ready to send your first BitCheck?
Get our App to Start Trading!
