Kanga P2P – fast and convenient transactions between users

P2P allows you to exchange cryptocurrencies directly with other users of the platform. In practice, it is an alternative to standard bank transfers and exchange transactions. Thanks to P2P, transactions can be faster, more convenient, and more accessible, especially if you care about liquidity and instant execution time.

How does P2P work?

In the standard exchange model, you first convert fiat money into stablecoins, then trade them on the market, and only then withdraw your funds.

In P2P, we shorten this path, and the entire process takes place between users. After you place your buy or sell offer, the P2P operator (another user) executes it almost immediately using the selected payment method. There are several options: BLIK transfer to a phone, bank transfer, and Revolut transfer.

P2P is only available to verified Kanga Exchange users who have a Polish bank account or use Revolut. Currently, you can exchange PLN° and USDT stablecoins.

P2P in practice…

1. Transfer of funds without intermediaries

In P2P transactions, the buyer and seller settle directly with each other. This speeds up the transaction, eliminates the wait for transfers to be posted and avoids potential intermediary errors.

2. Real-time transaction execution

Because both parties involved in the transaction have an account with the same bank or Revolut, payments can be executed in just a few minutes – even on weekends and holidays. In comparison, traditional bank transfers take longer and are only executed on business days.

3. Flexibility and ease of use

Kanga P2P operates within the Kanga Exchange ecosystem, and you can access the service directly from your account. You do not need to use external services. Once the operator has accepted your offer, you receive the payment details and complete the transfer in the manner of your choice – or you wait for the transfer and, once you have received it, confirm that everything went smoothly.

New payment methods – BLIK and Revolut

In addition to bank transfers, P2P users can choose between two fast payment methods: BLIK and Revolut transfers.

BLIK

• This is a popular fast mobile payment system in Poland, enabling instant transfers to a phone number.
• The recipient and sender do not need to have an account with the same bank, they only need to use the BLIK system.
• The funds are credited to the recipient’s account almost immediately.

Revolut

• Transfers between users are fast and convenient – all that is required is for both parties to the transaction to have an account in the Revolut app.
• The funds are credited to the recipient’s account almost immediately.
• A universal solution that you can also use on vacation.

By choosing any of these methods when buying or selling stablecoins, you can reduce the transaction time to as little as a few minutes.

How does it work?

Want to sell omegaPLN and withdraw PLN?

• Go to the P2P section in your account.
• Click on the appropriate tab, “Sell” or “Buy.” In the window, select the cryptocurrency and specify how much you want to sell or buy.
• From the drop-down list, select the payment method: BLIK transfer to your phone or Revolut transfer, and fill in the necessary details.
• If all the transaction parameters are correct, submit your offer and wait for the operator to accept it.

Keep in mind:

• you have 2 minutes to confirm the offer after it is published, after which time the offer will expire,
• both parties must use the same payment company (e.g., BLIK or Revolut).

P2P on Kanga is not just an alternative for traders – it is a tool for anyone who wants to quickly convert fiat into cryptocurrencies or vice versa, without a long wait. New payment options, namely BLIK and Revolut, give you a real choice of settlement method and even greater control over the transaction execution time.