• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

New Bitget Feature Ensures P2P Trade Security

user avatar

by Giorgi Kostiuk

3 months ago


Bitget, a leading cryptocurrency exchange and Web3 company, has launched a new feature on its P2P trading platform. This feature allows merchants to post ads that require additional buyer verification, aiming to create a safer trading environment.

Enhanced Protection for Sellers

The 'Verification Ad' feature gives sellers more control by allowing them to verify buyer credentials or fund sources before accepting payments. Sellers can request specific documents, such as a government-issued photo ID, selfie verification, bank statements, or proof of address. Buyers who do not provide the required materials can have their orders rejected without affecting the seller's completion rate. This reduces risks associated with fraudulent or incomplete transactions.

How the Feature Works

Sellers can activate the 'Verification Ad' feature when posting a Sell ad. They specify the verification materials needed from buyers and outline the terms in the ad details. Buyers, upon selecting such an ad, are prompted to upload the requested materials through the P2P chatbox for seller review. If the seller approves the documents, the transaction proceeds as usual: the buyer makes payment, confirmed by the seller before tokens are released. If documents are rejected, the buyer can choose another trade on the platform.

A Safer and More Transparent Marketplace

The introduction of the 'Verification Ad' feature demonstrates Bitget's commitment to secure and efficient P2P transactions. By enabling merchants to verify buyer credentials and maintain control over their trades, the platform continues to enhance user trust and create a safer trading environment. Currently, the feature is available only to whitelisted merchants, with potential expansion to a broader audience in the future.

The 'Verification Ad' feature is a significant step towards ensuring safe trading on Bitget's P2P platform. By offering sellers tools for buyer verification, the exchange aims to foster a more reliable trading environment.

0

Share

Other news

Dragoin: A Unique Cryptocurrency Merging Games and Potential Profits

Dragoin merges memes, games, and potential profits in the crypto world.

user avatarGiorgi Kostiuk

7 minutes ago

Russia Converts Seized Bitcoin Into Revenue: A New Initiative

Russia introduces a mechanism to convert 1,032 BTC into state revenue, emphasizing the importance of legislation.

user avatarGiorgi Kostiuk

16 minutes ago

MAGACOINFINANCE Captures Experts' Attention in Crypto Market

The new cryptocurrency project MAGACOINFINANCE is gaining popularity due to its potential and pre-sale phase.

user avatarGiorgi Kostiuk

16 minutes ago

SUI, Algorand and Qubetics: Key Moments in the Crypto Market

Analyzing SUI, Algorand, and Qubetics: growth potentials and challenges they face.

user avatarGiorgi Kostiuk

17 minutes ago

MAGACOINFINANCE vs XRP: New Dynamics in the Altcoin Market

MAGACOINFINANCE draws attention with a capped supply and DeFi focus, challenging XRP in 2025.

user avatarGiorgi Kostiuk

17 minutes ago

Dogecoin Approaches Key Support: TD Sequential Signals and Possible Reversal

Dogecoin tests key support levels amid TD Sequential signals of possible reversal.

user avatarGiorgi Kostiuk

17 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.