The digital asset market continues to expand at a rapid pace, driving increased demand for seamless, secure, and cost-effective ways to convert between fiat and cryptocurrencies. To meet this growing need, AscendEX (formerly BitMax) has officially launched its new Peer-to-Peer (P2P) trading service, empowering users worldwide with greater flexibility, lower costs, and enhanced accessibility when buying or selling digital assets.
This strategic move strengthens AscendEX’s position in the global crypto exchange landscape and reflects its commitment to delivering user-centric innovation. With deep integration of local payment methods and a robust network of liquidity providers, the platform now offers a smoother on-ramp and off-ramp experience for individuals across diverse regions.
👉 Discover how easy it is to start your P2P crypto journey today.
Broad Currency Support Across Global Markets
AscendEX’s P2P trading platform supports multiple cryptocurrencies—primarily USDT—and a wide range of fiat currencies, making it highly accessible to users in key emerging markets such as Southeast Asia, Africa, and Latin America. By partnering with Skypay, AscendEX has integrated access to over 95% of the world's guaranteed margin merchants, ensuring strong liquidity and efficient trade matching.
Compared to third-party on-ramp services, AscendEX’s native P2P solution delivers several distinct advantages:
- Ultra-low transaction fees: Only a 0.5% cryptocurrency handling fee is charged, significantly reducing trading costs.
- Diverse fiat options: Local currency support enables users to transact in their preferred currency, improving convenience and reducing conversion friction.
- Flexible payment methods: Users can choose from various local payment channels, including bank transfers and e-wallets.
- Fast fiat withdrawals: The platform enables quick cash-out functionality, enhancing capital efficiency.
To accommodate both small and large traders, the minimum order size is set at just 10 USDT equivalent, allowing broad participation across user segments.
Intuitive User Experience: Simple, Fast, and Reliable
User experience lies at the heart of AscendEX’s design philosophy. The P2P interface has been optimized for clarity and efficiency, enabling even first-time users to complete transactions with confidence.
Streamlined Onboarding Process
New users can get started quickly by completing basic steps: email registration, phone number verification, and KYC (Know Your Customer) authentication. This ensures compliance while maintaining a frictionless entry into the P2P marketplace.
Smart Filters and Intelligent Price Sorting
The trading dashboard allows users to filter offers by fiat type, payment method, and other criteria. For buyers, available offers are sorted from lowest to highest price; sellers see bids ranked from highest to lowest—ensuring optimal pricing decisions.
Real-Time In-App Messaging
A built-in chat system enables direct communication between buyers and sellers during active trades. This promotes transparency, reduces misunderstandings, and builds trust—critical elements in peer-to-peer environments.
Clear Order Management Interface
Each transaction’s status—such as “Pending Payment,” “Waiting for Coins,” or “Completed”—is displayed in real time. Users can take action using clearly labeled buttons like “Confirm Receipt” or “File Appeal,” minimizing errors and streamlining the process.
Advanced Security and Risk Protection Mechanisms
Security remains a top priority in any decentralized trading environment. AscendEX implements comprehensive safeguards to protect users against fraud and disputes.
Escrow-Based Asset Holding
All digital assets involved in a trade are held in escrow by the platform until both parties fulfill their obligations. This prevents scams and ensures that crypto is only released after successful payment confirmation.
Dedicated Dispute Resolution System
If an issue arises—such as delayed payment or failed verification—users can submit an appeal directly through the platform. AscendEX’s customer support team responds promptly to investigate and resolve conflicts fairly.
Real-Time Risk Monitoring
An automated risk control system continuously analyzes transaction patterns and flags suspicious activity. This proactive approach helps detect potential threats early, protecting both individual users and the broader trading ecosystem.
Step-by-Step Guide to Using AscendEX P2P
Using the P2P service is straightforward. Follow these simple steps to buy or sell crypto securely.
How to Buy Crypto
- Place an Order
Browse available listings, select your desired amount of USDT (or other supported assets), and place your buy order. The corresponding crypto will be locked in escrow immediately. - Make Payment to Seller
Transfer the agreed fiat amount using the seller’s specified method. Once done, click “I Have Paid” to notify the counterparty. - Receive Your Cryptocurrency
After the seller confirms receipt, the escrowed crypto is automatically released to your wallet.
How to Sell Crypto
- Create a Sell Order
List the amount of crypto you wish to sell. Upon submission, the asset is frozen in escrow for security. - Wait for Buyer’s Payment
Monitor your linked bank account or e-wallet for incoming funds. - Release Crypto Upon Confirmation
Once payment is confirmed, release the crypto via the platform interface to complete the transaction.
👉 Learn how secure P2P trading can fit into your financial strategy.
Expanding Global Reach with Localized Solutions
AscendEX is strategically expanding its footprint in high-growth regions where traditional banking infrastructure may be limited but mobile adoption is high. The launch of P2P trading reinforces its presence in markets like Nigeria, Indonesia, Brazil, and Vietnam—where demand for alternative financial tools is surging.
Looking ahead, AscendEX plans to introduce additional cross-border payment integrations, expand its list of supported fiat currencies, and add more localized payment gateways to further enhance user convenience.
Frequently Asked Questions (FAQ)
Q: Is KYC required to use AscendEX P2P?
A: Yes, all users must complete identity verification (KYC) before accessing P2P trading. This ensures regulatory compliance and enhances platform security.
Q: What happens if a buyer doesn’t pay after placing an order?
A: If the buyer fails to make payment within the time limit (typically 15–30 minutes), the order is automatically canceled, and the escrowed crypto is returned to the seller.
Q: Can I use P2P to withdraw cash?
A: Yes. By selling crypto for local fiat currency via P2P, you can effectively withdraw funds to your bank account or e-wallet, depending on the payment method used.
Q: Are there limits on how much I can trade?
A: Trading limits depend on your verification level. Higher-tier accounts enjoy increased daily and monthly trading caps.
Q: How does AscendEX ensure fair pricing?
A: Prices are determined by individual merchants based on market conditions. However, the platform displays real-time average rates to help users identify reasonable offers.
Q: Is customer support available during disputes?
A: Yes. A dedicated support team handles appeals 24/7, reviewing evidence from both parties to ensure fair resolution.
👉 See how fast and secure P2P transactions can work for you.
About AscendEX
Founded in 2018 and headquartered in Singapore, AscendEX is a globally recognized cryptocurrency exchange serving users in over 180 countries. Known for its strong focus on Meme coin trading, the platform offers a comprehensive suite of services including spot trading, futures contracts, leveraged tokens, DeFi solutions, and staking products. Through continuous innovation and strategic partnerships, AscendEX remains committed to providing a secure, transparent, and high-performance trading environment for retail and institutional investors alike.
With the introduction of its P2P trading feature, AscendEX reinforces its mission: to democratize access to digital finance and empower users around the world with tools that are not only powerful but also intuitive and safe.