How to Sell Crypto on Midas P2P
Sell your cryptocurrency to other users for fiat currency through the secure Midas P2P escrow system.
Selling is the mirror image, and the responsibility sits with you at the final step: release only when the money is genuinely in your account. Not when a receipt is posted, not when a notification appears — when you have checked the balance yourself. Payment reversals are the whole risk of selling on P2P.
Before you start
- Identity verification, and the asset available in the wallet P2P draws from.
- Access to the receiving account itself, so you can confirm arrival rather than trust a screenshot.
Open the P2P Sell Tab
Navigate to P2P Trading and switch to the 'Sell' tab. You will see buy ads from users looking to purchase crypto. Filter by your preferred fiat currency and payment method to find compatible buyers.
Select a Buy Ad
Choose an ad from a buyer with good reputation. Review their completion rate, total trades, and feedback from previous counterparties. Check the offered price, payment method, and any special terms before proceeding.
Create the Sell Order
Enter the amount of crypto you want to sell. The equivalent fiat amount is calculated automatically. Your crypto will be locked in escrow once you confirm. This protects the buyer by ensuring the crypto is available for release upon payment confirmation.
Wait for Payment
The buyer will make payment using the agreed method. You will receive a notification when they mark the payment as completed. Verify the payment in your bank or payment account. Do not release the crypto until you have confirmed the full payment amount has been received.
Release the Crypto
Once you have verified the payment, tap 'Release' to transfer the crypto from escrow to the buyer. The fiat funds are now in your bank account. If you do not receive payment within the time limit, the order is automatically cancelled and your crypto is returned from escrow.
If something goes wrong
- The buyer sent a receipt but nothing has arrived.
- Do not release. Receipts are trivially forged. Wait for the money to appear in the account, and raise a dispute if the window expires.
- Payment arrived from a different name.
- Do not release. Third-party payment is a classic pattern for later reversal, and it breaks the platform rules you would be judged against in a dispute.
- You released before checking, and the payment reversed.
- Report it immediately with everything you have. Recovery after release is difficult, which is why the release step is the one to slow down on.
Frequently asked questions
- When should I release the crypto?
- Only after confirming the funds in your own account. Escrow protects you up to that moment and not after.
- Can I cancel a sell order?
- Before payment is marked, yes. After it is marked, the dispute process is the route — unilateral cancellation would be the scam in the other direction.
- Are there fees for selling?
- P2P fees depend on your role and ad type; the fee schedule covers the current rates. Merchants have different terms from ordinary sellers.