FAQs

How to Buy Crypto via P2P

Hotcoin

Contents

Buy crypto via P2P

When can I use USDT purchased via P2P

Why is there a 24-hour withdrawal waiting period

How is the 24-hour restriction calculated

Hotcoin supports purchasing USDT with forty-seven fiat currencies, including CNY, USD, HKD, JPY, GBP, and EUR, through its P2P trading service.

To buy crypto via P2P:

1、Open the Hotcoin app home page and tap Deposit

2、Select Trade Crypto via P2P

3、Use the search option in the top right corner to choose your fiat currency

4、Select an offer and complete the purchase

👉 For detailed step-by-step instructions, please refer to How to Buy Crypto via Hotcoin P2P

When can I use USDT purchased via P2P?

USDT purchased using fiat currency through P2P can be used immediately for:

Spot trading
Futures trading
Earn products
Other supported trading activities

However, selling USDT via P2P or withdrawing it on-chain requires a waiting period.

Why is there a 24-hour withdrawal waiting period?

To enhance transaction security and reduce potential risks, the account will enter a 24-hour waiting period after a P2P purchase is completed. During this period, the account will be temporarily unable to:

Sell crypto via P2P
Withdraw crypto on-chain

This is an account-level restriction, not one applied to a single asset. During the waiting period, all relevant actions remain restricted, even if other assets are available in the account.

How is the 24-hour restriction calculated?

The restriction period starts from the execution time of the most recent P2P fiat purchase. If multiple fiat purchases are completed on the same day, the withdrawal restriction resets based on the time of the last completed transaction.

Summary:

• The withdrawal restriction does not affect trading or Earn usage

• The restriction applies at the account level

• Withdrawals automatically resume once the waiting period ends