To enhance trading and account safety, Pexpay P2P has introduced the “T+2” withdrawal limits to RUB fiat deposits and trading on the P2P platform.
This withdrawal limit measure will only affect user-maker buyers who have successfully completed a transaction on the P2P platform. All merchants and regular users who did not buy cryptocurrencies through P2P advertisements will not be affected by these measures.
*User - Maker Buyers are non-merchants users who are posting buy advertisements on the platform
| Types of P2P Trades |
T+2 Withdrawal Limit |
|
User Maker Buy |
Applicable (RUB Only) |
|
User Maker Sell |
Not Applicable |
|
User Taker Buy |
Not Applicable |
|
User Taker Sell |
Not Applicable |
| Merchant | Not Applicable |
1. All cryptocurrencies will be converted to and represented by their equivalent BTC value.
The “T+2” crypto withdrawal limit for RUB will be applied on all P2P user-maker buy transactions. Other activities such as Convert, and Spot Trading will not be affected during this period.
For example, if the user-maker initially has 2,000 USDT in their account (suppose this equals 0.2 BTC) and buys 1 BTC through P2P. The actual amount of assets under “T+1” crypto withdrawal limit control is equivalent to 1 BTC.
The "T+1" limit does not apply to all Pexpay P2P Merchants.
2. Benefits of the “T+2” withdrawal limit
The withdrawal limits provide a 48hr buffer against the potential loss of user assets due to illegal funds. It also discourages money laundering activities on the platform to the greatest extent possible, by reducing the risk of bank accounts being frozen, and ensures a secure trading environment for all our users.
The amount of crypto in the order will be unfrozen automatically after 48 hours.