How Do I Choose a Trading Partner?

Finding and selecting a trading partner on a peer-to-peer (P2P) exchange involves a decentralized process in which no third parties are involved and all processes take place directly between users. In this article we will try to explain what is trading partner and what information should be taken into account when choosing one. Let's get started!

What Is a Trading Partner?

Before answering the main question, it is important to define the trading partner meaning. This is what traders from whom you buy or to whom you sell cryptocurrency on a P2P exchange are called. In case you and the trading partner are satisfied with all the terms of transactions and the need to conduct them will remain in the future, such users often have the potential to become your regular trading partner.

Where to Find a Trading Partner for Collaboration?

Every year, the number of places where you can find a partner for P2P trading increases. Here are a few of them:

  • Online Platforms: Online forums, communities or groups on the Internet related to the cryptocurrency sphere are quite popular places to search. On such platforms, you have the opportunity to participate in discussions, ask questions and share your knowledge directly with a potential trading partner. It is also a great way to showcase your expertise in this field and learn from other people you are interested in.

  • Social Media: What is a trading partner? First and foremost, it is someone you can trust. Try to directly find social media accounts of potential partners by using various hashtags on the topic, common friends, comments under videos and posts about P2P trading. The plus side of this method is that you can examine a person's profile and determine his personality. But remember that there are scammers, trusting them will be a fatal mistake. So always remain vigilant and do not trust anyone.

  • Crypto Forums: These events can last a couple days or weeks and take place in both offline and online formats. Crypto-forums often feature speakers sharing useful information, and there is plenty of time and opportunity for all participants to meet new people with common interests. Who knows, maybe among them you will find your P2P partner trading?

  • P2P Platforms: Why go far? Today, many platforms for P2P trading have not only chat boxes for communication between users, but also other parameters that will help you understand which trader you should start a trading partner collaboration with. These include: user rating, number of trades made, total trading volume and so on. These and other important aspects will be discussed in the next section. Get on with it!

How Do I Choose a Trading Partner

Qualities to Look for When Choosing a Trading Partner

In each place to find P2P affiliates there are different indicators about a good partner trading that you should pay particular attention to. And now we will look at those aspects that are especially important to consider on P2P exchanges, such as Cryptomus.

  • Trader Profile: On Cryptomus P2P Exchange you can view each trader's profile. It contains the most important information: username, trading volume, number of active trades and total percentage of completed trades.

  • Number and Percentage of Executed Trades: These indicators can point to an experienced and active trader. Therefore, try to always evaluate the number of trades and the percentage of their execution in the personal profile of the user.

  • Feedback: Compare the number of positive and negative feedbacks of a trader. As a rule, a high percentage of positive feedback indicates the reliability of a trading partner. Negative reviews can tell you whether the trader has had problems before or not.

  • Blue Checkmark: When asked what trading partner meaning is, we previously answered that it is primarily a safe trader that you can trust. In order to make sure that the partner on Cryptomus is reliable, we advise you to pay attention to the presence of a blue checkmark on the profile. Such a sign indicates that the user has passed the identity verification on the platform.

  • Speed of Deals: If you are an active trader, you should value your time. Check the ads to see how fast the trader usually makes transfers and payouts and how often he is active on the platform. The latter will be indicated by a green check mark, which means that the user has interacted with the platform every 5 minutes and is available for trading now.

  • Chat with Partner: Of course, you should not forget about chats while trading with a potential partner trading. With the help of them you can learn a lot about the seller or buyer and determine for yourself whether he or she is suitable for you to work together on a regular basis.

By paying attention to these aspects, you will be able to decide which trading partner to choose on the multifunctional Cryptomus platform.

Tips for Finding the Best Trading Partner

  • When choosing someone to trade with on a P2P platform, always take the time to study trading partner insight, his profile, rating and transaction history for safe and efficient collaboration;

  • Be careful if a trader refuses to communicate through the platform's messaging system, provides contradictory information and tries to continue the dialog on third-party sources;

  • Phishing and scammers are not asleep. So don't click on suspicious links, don't share password or private key information, and don't accept fraudulent offers.

This concludes our article where we have analyzed the trading partner definition. Share in the comments your experience of how you managed to find your own partner on the P2P platform. We will be very interested to read your story!

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