1.2 How Our P2P Platform Works

CryptoBazaar is a peer-to-peer trading platform designed specifically for stablecoin transactions in India. The platform connects buyers who want to purchase USDT or USDC using INR with sellers who hold these assets and want to convert them to Indian Rupees.

Every trade on CryptoBazaar is protected by an escrow system, verified through KYC (Know Your Customer) checks, and supported by a dispute resolution process. This ensures that both parties in a transaction are protected throughout the trading process.

To start trading on CryptoBazaar, you need to create an account and complete identity verification. The registration process requires a valid email address and phone number. Once registered, you must complete KYC verification by submitting a government-issued ID (Aadhaar, PAN, or Passport) and a selfie for facial verification.

KYC verification is mandatory for all users. This protects the community by ensuring that every trader is a verified individual, reducing the risk of fraud, identity theft, and money laundering. Most KYC verifications are processed within minutes.

The trading process on CryptoBazaar follows a structured flow designed to protect both parties.

First, a seller creates a listing specifying the amount of USDT or USDC they want to sell, their asking price in INR, and their accepted payment methods. Buyers browse these listings and select one that matches their requirements.

When a buyer initiates a trade, the seller's crypto is automatically locked in escrow. The buyer then completes the INR payment using the specified method (UPI, bank transfer, etc.) and marks the payment as complete on the platform.

The seller verifies that the payment has been received in their bank account. Once confirmed, the seller releases the crypto from escrow, and it is transferred to the buyer's wallet. The trade is now complete.

Escrow is the cornerstone of safe P2P trading. When a trade is initiated, the seller's crypto assets are locked in a secure escrow managed by CryptoBazaar. Neither the buyer nor the seller can access these funds during the trade.

The crypto is only released when the seller confirms receipt of payment and manually releases the escrow. If a dispute arises, the funds remain locked until CryptoBazaar's support team reviews the case and makes a decision.

This system ensures that buyers are protected from sellers who might take payment without delivering crypto, and sellers are protected from releasing crypto before receiving confirmed payment.