Explace is a simple platform, the overhead costs are negligible for buyers and sellers.
Peer-to-peer exchanges allow sellers freedom to define how they want to be paid.
Peer-to-peer exchanges bring users freedom to trade crypto at the preferred prices.
Unlike credit card or bank transfers, peer-to-peer exchanges do not collect information about buyers and sellers.
A P2P seller must go through the unique investigation process of EXPLACE. We consider credit, financial health, transaction history, etc. For more details, please contact our customer service center.
P2P sellers can directly progress transaction with sellers. Users should choose sellers in accordance with their preferred currency (including crypto) and make purchase request.
The most well-known scam happens when an unknown user asks you to make full payment to the uncertified account. In this case, you are highly likely to be involved in fraud, so you must transfer to certified accounts through mutual identity verification. In case when a counterparty asks you to use external payment methods, EXPLACE will not take any liabilities.
We currently support bank transfer, PayPal, AliPay, cryptocurrency, etc., and will add more payment methods including but not limited to legal tender and international credit cards.
If your seller doesn’t answer to you, please contact our customer service center. In case of a buyer, you shall not make any transaction with sellers who frequently lose touch.
EXPLACE complies with the AML rules and regulations set by Office of Foreign Assets Control. If you use our exchange, you are responsible for abiding by the essential rules including anti-money laundering and identity verification. Especially if you find any suspicious activities like illegal fund and money laundering during any transaction, you must report to us.