P2P Trading
Peer-to-peer (P2P) trading allows users to buy and sell LBC coins directly with each other using escrow protection. Similar to Binance P2P, our system ensures secure transactions through automated escrow locks and dispute resolution.
What is P2P Trading?
P2P trading enables direct exchanges between users. Sellers post ads offering LBC coins for fiat currencies (XAF, USD, EUR), and buyers can create orders to purchase. All transactions are protected by an escrow system that locks the seller's coins until payment is confirmed.
How P2P Trading Works
Create an Ad
Sellers create ads specifying the amount of LBC they want to sell, the exchange rate, accepted payment methods (MTN Money, Orange Money, Debit Card, Visa, Mastercard), and transaction limits.
Buyer Creates Order
When a buyer selects an ad and creates an order, the seller's LBC coins are automatically locked in escrow. The order has a 30-minute time limit for completion.
Payment Confirmation
The buyer sends payment using the agreed method and marks "I've Paid". The seller verifies payment receipt and releases the coins. A 2% transaction fee is automatically deducted from the seller's wallet.
Coins Released
Once the seller confirms payment, the escrowed LBC coins are automatically released to the buyer's wallet. The transaction is complete, and both parties can rate each other.
Key Features
Escrow Protection
Seller's coins are locked in escrow until payment is confirmed, protecting both parties from fraud.
30-Minute Timer
Each order has a 30-minute expiration timer. If not completed, funds are held for admin review and automatic return within 24 hours.
Integrated Chat
Buyers and sellers can communicate directly through an integrated chat system within each order. Messages are automatically deleted after successful transactions.
Dispute Resolution
Either party can open a dispute if issues arise. Superadmins can review disputes, communicate with both parties, and resolve them by releasing or returning funds.
User Statistics
Track completion rates, total trades, and user activity status (online, recently active, offline) to build trust with trading partners.
Multiple Payment Methods
Support for MTN Money, Orange Money, Debit Cards, Visa, and Mastercard. Sellers can specify which methods they accept.
Supported Payment Methods
Mobile Money
MTN Money, Orange Money
Card Payments
Debit Card, Visa, Mastercard
Transaction Flow & Statuses
LOCKED
Order created, seller's coins locked in escrow. Buyer needs to send payment.
PAYMENT_SENT
Buyer has confirmed payment sent. Seller should verify and release coins.
PAYMENT_CONFIRMED
Seller has confirmed payment receipt. Coins will be released automatically.
RELEASED
Transaction complete. Coins released to buyer, payment fee deducted from seller.
DISPUTED
Order is under dispute. Admin will review and resolve within 24 hours.
EXPIRED
Order expired without completion. Funds held for admin review and automatic return.
Transaction Fees
A 2% transaction fee is automatically deducted from the seller's wallet when coins are released. This fee supports platform operations and is sent to a designated fee treasury. The buyer always receives the full agreed amount of LBC coins.
Safety Tips for P2P Trading
Verify Payment Before Releasing
Always confirm that payment has been received in your account before clicking "Release Coins". Once released, the transaction cannot be reversed.
Check User Statistics
Review the seller/buyer's completion rate and total trades before creating an order. Users with higher completion rates are generally more trustworthy.
Use Integrated Chat
Communicate only through the platform's integrated chat system. This ensures all conversations are recorded and can be used as evidence in disputes.
Open Disputes When Needed
If you encounter any issues, don't hesitate to open a dispute. Superadmins will review the case and resolve it fairly within 24 hours.
API Reference
The P2P trading system provides RESTful APIs for managing ads, orders, and chat. All endpoints require authentication via Bearer token.