How to Buy Digital Dollars in a P2P Market if you are in Bolivia

What is a P2P market?

A P2P market is a network where buyers and sellers exchange currencies directly, without the need for traditional intermediaries. This type of transaction allows for greater flexibility in choosing payment and withdrawal methods, which is especially useful in markets with financial restrictions. For example, on Airtm, users can select their preferred payment method, enter the desired amount, and a cashier in the P2P network will securely complete the transaction.

Binance's P2P Market

Binance is one of the largest and most well-known platforms in the world of cryptocurrencies, and its P2P market is just one of its many features. However, this broad approach can lead to some issues for users seeking security and personalized attention.

• Lack of Strict Verification: On Binance, any user can become a P2P cashier without an exhaustive verification process. This has led to situations of fraud and extortion, where some users have fallen victim to scams by sharing banking information.
• Security Issues: The lack of control over who operates as cashiers has allowed malicious individuals to manipulate exchange rates or even extort other users, taking advantage of the system’s vulnerabilities.
• Fees and Exchange Rates: Although Binance P2P fees can be competitive, the exchange rate offered by unverified cashiers is often lower than expected, which can result in losses for the user.

The Difference with Airtm

Airtm, on the other hand, has designed its P2P market with security and ease of use as fundamental pillars. Here, the P2P market is not just another feature but the core of the platform, aimed at making life easier for digital entrepreneurs and ensuring the protection of their funds.

• Cashier Verification: Airtm places a strong emphasis on security, with verification processes for the cashiers operating in its network. This significantly reduces the risk of fraud and ensures that users are dealing with trustworthy individuals.
• Support and Mediation: Unlike Binance, Airtm offers a support team in your language and a mediation service that intervenes in case of any problem with a transaction. This provides an additional layer of security and peace of mind for users.
• Exchange Rates and Fees: Although exchange rates on Airtm may be slightly higher, users know they are paying for a secure and backed service. Additionally, fees are clear and transparent, allowing users to accurately calculate the cost of their transactions.

How to Start Using Airtm

If you decide that Airtm is the right platform for you, the process to get started is simple:

1. Withdraw funds: Log in to your Airtm account and click “Withdraw” in the main menu.
2. Select the payment method: Choose how you want to receive your funds, whether in a bank, another wallet, or cryptocurrencies.
3. Enter the amount: Specify how much you want to withdraw and click “Continue.”
4. Cashier confirmation: A cashier in Airtm’s P2P network will accept your request and send the funds to the payment method you selected.
5. Confirm the transaction: Once you receive the funds, confirm the transaction in your Airtm account to complete the process.

Additionally, Airtm offers two options for withdrawing funds: the “Direct” option, where you move the funds directly from your Airtm account to the selected payment method within 1 to 2 business days; and the “Request” option, where a cashier takes the request and keeps your funds protected until you confirm receipt.

Moreover, you can open your US Virtual Account with Airtm and start receiving payments directly from platforms like Airbnb, Upwork, Deel, Wise, and many more.