Welcome to the TTMBASE P2P-FAQ
TTMBASE CEX is a centralized exchange platform that allows users to trade cryptocurrencies. Unlike decentralized exchanges, TTMBASE CEX operates under a central authority that manages the platform, order book, and user transactions. This setup provides users with a streamlined trading experience and access to features like customer support, security measures, and a variety of trading options.
How does P2P trading work on TTMBASE CEX?
P2P trading on TTMBASE CEX enables users to buy and sell cryptocurrencies directly with each other. Here’s how it works:
Listing Offers: Users can create buy or sell offers, specifying the cryptocurrency they want to trade, the amount, and the desired price.
Matching Offers: The platform automatically matches buy and sell offers based on price and amount.
Escrow System: An escrow system holds the sellers cryptocurrency during the trade process to ensure security until both parties confirm the transaction.
Settlement: Once both parties have fulfilled the terms of the trade, the escrow releases the cryptocurrency to the buyer, and the trade is complete.
What cryptocurrencies are supported on TTMBASE CEX?
TTMBASE CEX supports a wide range of cryptocurrencies, including but not limited to:
Bitcoin (BTC)
Ethereum (ETH)
Tether (USDT)
Binance Coin (BNB)
Hellar (HEL)
And various other altcoins and stablecoins.
How do I get started with TTMBASE CEX?
To start trading on TTMBASE CEX:
Register an Account: Sign up on the TTMBASE platform with your email address or connect using a wallet.
Verify Your Identity: Complete the necessary KYC (Know Your Customer) verification process if required for your region.
Deposit Funds: Transfer cryptocurrency into your TTMBASE CEX wallet.
Start Trading: Navigate to the P2P section, browse existing offers, or create a new trade offer.
Is KYC required for P2P trading?
KYC (Know Your Customer) requirements may vary depending on your location and the specific trading volume. Generally, TTMBASE CEX aims to maintain a balance between compliance and user privacy. For most users, KYC may only be required when trading large amounts or for certain specific assets.
What fees are associated with P2P trading on TTMBASE CEX?
TTMBASE CEX prides itself on having some of the lowest fees in the industry. The fees may include:
Trading Fees: A small percentage fee on each trade, typically between 0.1% and 0.2%.
Withdrawal Fees: Minimal network fees when withdrawing funds to an external wallet.
Escrow Fees: There may be a nominal fee for the escrow service, depending on the transaction volume.
How does the escrow system ensure secure trading?
The escrow system acts as an intermediary to ensure that both parties fulfill their obligations. Here’s how it ensures security:
Funds are held securely in escrow until both parties confirm the transaction.
Dispute Resolution: If there is a dispute, TTMBASE CEX’s support team can intervene to review the trade details and resolve the issue based on provided evidence.
Transparency: The escrow process is transparent, with both parties able to see the status of the trade.
Can I trade anonymously on TTMBASE CEX?
TTMBASE CEX offers a high degree of privacy and does not require personal information for basic trades. However, larger trades or certain jurisdictions might require KYC compliance. Always ensure you are trading within the legal requirements of your jurisdiction.
How do I handle disputes or issues during a trade?
If you encounter an issue or dispute during a trade:
Contact Support: Immediately reach out to TTMBASE CEX support through the platforms built-in chat or support ticket system.
Provide Evidence: Be ready to provide transaction details, screenshots, and any other relevant information to help resolve the dispute.
Escrow Intervention: The escrow system ensures funds are not released until the dispute is resolved.
What safety tips should I follow while using TTMBASE CEX?
To ensure safe trading on TTMBASE CEX:
Verify Buyer/Seller Reputation: Always check the reputation and reviews of the person you are trading with.
Use the Escrow System: Never agree to a trade outside of the escrow system.
Stay Vigilant: Be wary of too-good-to-be-true offers and always double-check transaction details before confirming.
Are there any trading limits on TTMBASE CEX?
Trading limits can vary based on several factors, including:
User Verification Level: Higher verification levels may allow higher trading limits.
Asset Type: Some assets may have specific limits due to liquidity or regulatory reasons.
Daily/Monthly Limits: There may be general daily or monthly trading limits for security reasons.
How can I contact TTMBASE support?
If you have any questions or need assistance, you can contact TTMBASE support by:
Live Chat: Available 24/7 on our platform.
Support Tickets: Submit a ticket through your account dashboard.
TTMBASE CEX - Your Trusted centralized Exchange for Secure P2P Trading.
Disclaimer
This article is for informational purposes only. Cryptocurrency trading involves significant risk, and you should only trade if you fully understand these risks.