1.What is Fiat Trading?
The exchange behavior between fiat currencies and cryptocurrencies is
called fiat trading.
2.What is an P2P Advertisement?
P2P (peer-to-peer) trading is a model that allows users to buy and sell crypto assets directly with fiat currency through an online platform, without the need for a third-party financial intermediary.
A P2P advertisement refers to a buy or sell ad independently posted by a user on the KAI P2P platform. When a user wants to trade cryptocurrency at their own set price, they simply publish an "ad" on the platform specifying the trade direction (buy or sell), cryptocurrency, unit price, quantity, and accepted payment methods, thus completing the ad posting process.
3.What is an Advertiser?
The user who posts the advertisement is called the advertiser.
4.What is Release?
When the seller of cryptocurrency receives the correct payment corresponding to
the order, they release the cryptocurrency to the counterparty.
5.How to Transfer?
Click on Wallet or Funds, in the relevant asset where the cryptocurrency is stored,
click Transfer, choose the wallet and amount to transfer, and confirm the transfer.
6.What is a Dispute?
When a user and a counterparty have a disagreement or dispute, they can click
the dispute button to initiate a dispute, after which platform customer service will intervene.
7.How to Cancel a Dispute?
When a dispute is initiated due to disagreement, if both parties reach an
agreement, the initiator can cancel the dispute, and the order will return to the "Pending Release" status
without being canceled. If both parties cannot contact each other, and the initiator can provide valid evidence,
the dispute will be handled by the platform.
8.How to Post an Advertisement?
Eligible users click the Post Advertisement button, choose the
trading market, trading quantity, price, and payment method, and then submit to post the advertisement.
9.How to Become a Merchant?
Users with a certain amount of assets can apply for merchant
status on the platform. After passing the review, they can become a merchant.
10.What is the T+1 Restriction?
After purchasing cryptocurrency in the P2P trading area,
users need to wait for 24 hours before transferring it to an address outside the exchange. During this
period, other transactions are not affected.
Note: If the user has equivalent assets in their account, the withdrawal will not be subject to the 24-hour
restriction.
T+1 Advantages:
(1)Effectively buffers illegal fund withdrawals.
(2)Maximizes prevention of black money entering the platform.
(3)Reduces frozen card risks, ensuring transaction safety.
11.What is Order Freezing?
To ensure the smooth execution of transactions, when a user sells cryptocurrency,
the platform will freeze the corresponding amount of cryptocurrency for the order.
12.Why Do I Need to Add a Payment Method?
Users need a payment method to receive funds during the
transaction, so they must bind their payment method.
13.Why is the Price Invalid?
If the price shown in the advertisement has changed due to market fluctuations
when the user confirms the order, the price becomes invalid. The user needs to refresh and place the order again.
14.Fiat Trading Eligibility
Bind your mobile number and complete KYC verification.
Withdrawal limits:
Level 1: 500 USAD/day
Level 2: 500,000 USAD/day
15.What is the Floating Price of an Advertisement?
The price is based on market price reference standards and fluctuates either upwards or downwards.
16.What is the Fixed Price of an Advertisement?
The price set by the advertiser, which will not change according to market fluctuations.
17.What is the Price Floating Index?
This is a premium based on the market price. You can buy higher than the market price or sell lower than
the market price to attract more traders, with the percentage of floating either upwards or downwards.
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