How to Buy Crypto on Midas P2P
Purchase cryptocurrency directly from other users using your preferred payment method through the Midas peer-to-peer marketplace.
P2P puts you opposite another person, with Midas holding the crypto in escrow while the money moves outside the platform. That escrow is the entire protection: it is released when you confirm payment and the seller confirms receipt. Everything that goes wrong in P2P goes wrong because somebody stepped outside that flow.
Before you start
- Identity verification completed — P2P is gated on it.
- A payment method in your own name. Third-party payments are the fastest route to a frozen order.
- Time to complete the payment inside the order window, which is short by design.
Open the P2P Marketplace
Navigate to Products > P2P Trading from the main menu. The P2P home screen shows available buy and sell ads from other users. You can filter by asset (e.g., BTC, USDT), fiat currency (e.g., USD, EUR), and payment method.
Find a Suitable Ad
Browse the list of sell ads from verified traders. Each ad shows the price per unit, available quantity, accepted payment methods, and the trader's completion rate and reputation score. Look for traders with high completion rates and positive feedback.
Create an Order
Tap an ad to open the order creation screen. Enter the amount of crypto you want to buy or the fiat amount you want to spend. Review the seller's terms and conditions, including minimum/maximum order limits and any specific instructions.
Make Payment
After placing the order, the seller's crypto is locked in escrow. Complete the payment using the specified method (bank transfer, PayPal, etc.) within the time limit. Follow the seller's payment instructions exactly. Once paid, tap 'Mark as Paid' to notify the seller.
Receive Your Crypto
The seller verifies your payment and releases the crypto from escrow. You will receive the crypto directly in your Spot wallet. If the seller does not release within the allowed time, you can open a dispute and the Midas support team will mediate. Always provide proof of payment when requested.
If something goes wrong
- The seller asks you to cancel and pay outside the platform.
- Refuse and report the ad. Outside the escrow there is no protection and no recourse — this is the standard scam on every P2P marketplace.
- You paid but the crypto has not been released.
- Mark the order as paid with proof attached, then open a dispute if the window passes. Escrow means the asset cannot be moved while the dispute is open.
- The payment window expired mid-transfer.
- Open a dispute immediately with the bank receipt. Do not cancel — cancelling after paying is what makes recovery hard.
Frequently asked questions
- Is my money held by Midas?
- No. The crypto is escrowed; the fiat moves directly between you and the counterparty through whatever method the ad specifies.
- What if the seller never releases?
- The dispute process exists for exactly that, and the escrowed asset cannot go anywhere while it runs. Keep the payment proof.
- How do I pick a safe counterparty?
- Completion rate, number of trades, and response time are all shown on the ad. A merchant with hundreds of completed trades is a different proposition from a new account.