Effective Date: 19/09/2023
Available by subscribing to P3wallet Trading Policy or other URL provided by P3wallet from time to time, and the mobile app or other related service or application (“Trading Policy” or “P3wallet P2P”), read and understand these terms carefully, and acknowledge and agree to be bound by and comply with these Terms. If you do not fully understand and agree to these Terms, please do not subscribe or use our services.
(1.) P3wallet P2P is a platform that allows users to trade virtual assets directly with other users. You can buy and sell virtual assets on P3wallet P2P as an advertiser or taker.
(2.) You may be a buyer or seller of virtual assets on P3wallet P2P, whether acting as an advertiser or a recipient.
(3.) You may be required to meet certain eligibility criteria to advertise on P3wallet P2P. P3wallet is subject to change at any time.
(4.) You understand and agree that by ordering an ad on P3wallet P2P, you are accepting the offer posted in that ad and committing to trade virtual assets. In such cases, P3wallet will freeze the amount of Virtual Assets specified in the order until both parties to the transaction have confirmed the successful completion of the fiat transfer to be performed in exchange for the Virtual Assets. You understand that the blocked amount of Virtual Assets cannot be used in any way until the Order is cancelled or the Virtual Assets are released to the Buyer after confirmation of fiat transfer by both Buyer and Seller.
(5.) P3wallet is not involved in the transactions you complete through his P3wallet P2P as you are transacting directly with other users. P3wallet has no control over the transaction amounts, prices, payment methods, order limits, payment windows and terms for each Advertisement, as these are determined entirely by the Advertiser at its sole discretion. P3wallet only facilitates transactions made on P3wallet P2P as described in Section 4 above.
(1.) The payment options offered by P3wallet P2P are shown as choices that Users have when transferring Fiat Currency in exchange for exchanging Virtual Assets. P3wallet does not have any kind of connection to the payment methods listed on P3wallet P2P unless expressly stated otherwise. A payment method's availability on P3wallet P2P should not be interpreted as a recommendation, verification, or endorsement by P3wallet.
(2.) To be able to trade on P3wallet P2P, each Advertiser must specify one or more payment method(s) for their Advertisements, and each Taker placing an Order to such Advertisement must agree to use one of the payment method(s) indicated by the Advertiser for the Fiat Currency transfer to be completed in consideration of the trade of the Virtual Assets.
(3.) Each party engaging in P3wallet P2P trading must have a payment method with an account owner name that is exactly the same as the name on their P3wallet Account, as confirmed during the identity verification process. Any payment method whose account owner name differs from the one on your P3wallet account is forbidden from being used and we reserve the right to not release Virtual Assets in our sole discretion. If it is discovered that you used a payment method with an account owner name that is different from the name on your P3wallet Account, P3wallet reserves the right to suspend or terminate your access to P3wallet P2P or any Services. You guarantee the source of funds is legal guarantee all information given is genuine and accurate and cryptocurrency or fiat transaction is not for illegal purposes.
(4.) You acknowledge and agree that by placing an Order to an Advertisement on P3wallet P2P, whether as a Buyer or a Seller, you are giving P3wallet permission to share your full name, as confirmed during the identity verification process of your P3wallet Account, with the counterparty User you are trading with.
(5.) If you are a Buyer, you must make the Fiat Currency transfer after placing an Order within the Payment Window specified in the Advertisement in exchange for such Virtual Assets. P3wallet will not deduct the Fiat Currency that needs to be sent to the Seller; it is your responsibility to send it there yourself, through one of the payment methods listed in the advertisement, and outside of P3wallet P2P. After completing the Fiat Currency transfer, you must confirm it by selecting the "Transferred, notify seller" button. You risk losing access to all or a portion of P3wallet P2P if you repeatedly cancel orders after you place them or if your orders are repeatedly cancelled automatically because you failed to make a Fiat Currency transfer during the Payment Window.
(6.) If you are a Seller, it is solely your responsibility to confirm the Fiat Currency transfer made by the Buyer in exchange for the Virtual Assets and to tell P3wallet how to release the Virtual Assets that the Order specifies. After receiving the full payment in Fiat Currency from the Buyer, you must click "Confirm release" to release such Virtual Assets. Upon receiving the full payment in Fiat Currency from the Buyer, we advise you to confirm the release of Virtual Assets within fifteen (15) minutes, and in any case, within a reasonable amount of time. Instructing P3wallet to release Virtual Assets held in escrow to the Buyer for the completion of the Order by clicking "Confirm release," you are attesting to the fact that you successfully received the Fiat Currency transferred from the Buyer. This decision is irrevocable and cannot be changed. To prevent financial loss, under no circumstances confirm the release of the virtual assets before making sure you have fully received the corresponding amount of fiat currency from the buyer. Unless otherwise required by law, all payments are final once work is done. You should not release the Virtual Assets and should return any Fiat Currency you may have received if the account holder information of the Buyer that you see on the payment method through which the Fiat Currency transfer was made conflicts with the User's verified identity information on P3wallet P2P. If you repeatedly fail to confirm the release of Virtual Assets in a timely manner despite receiving the Fiat Currency transfer from the Buyer, you risk losing access to all or a portion of P3wallet P2P.
(7.) By trading on P3wallet P2P, the Buyer agrees to be responsible for paying any Transfer Fees that may be assessed by the relevant payment service provider for the payment method chosen by the parties for the Fiat Currency transfer to be made in exchange for the Virtual Assets unless the Seller has expressly agreed to pay such additional fees or costs. To ensure that the Seller receives the full amount of Fiat Currency specified in the Order, the Buyer must transfer Fiat Currency that includes any Transfer Fees as part of the consideration for the traded Virtual Assets (e.g. g. The buyer should pay $10,005 rather than $10,000 if the order amount is $10,000 and the payment service provider of the chosen payment method charges an additional $5. If the relevant payment service provider assesses such Transfer Fees to the Seller, the Seller should make sure to make that information clear in the advertisement (if the Seller is the Advertiser) or, if the Seller is the Taker, to provide the Buyer with the necessary documentation in advance.
(1.) If you have been trading with certain Fiat Currencies, you might have to wait between 24 and 48 hours to withdraw the Virtual Assets you bought through P3wallet P2P, as P3wallet may decide in it’s sole discretion. The waiting period will begin as soon as you are given access to the virtual assets. Throughout the withdrawal waiting period, you can still conduct any other trading with your P3wallet Account as usual.
(2.) You agree that we do not provide legal or tax advice and are not responsible for determining whether taxes apply to your transactions, or for collecting, reporting, withholding or remitting any taxes arising from any transactions. It is highly advisable that you consult your lawyer/ professional tax adviser to determine your obligations and your tax status in your home jurisdiction.
(1.) P3wallet has neither the right nor the obligation to settle any disputes between the Buyer and the Seller because P3wallet is not a party to the Virtual Asset trade between the Buyer and the Seller. P3wallet is also not responsible for any losses you might suffer as a result of a successful payment.
(2.) P3wallet offers both parties the chance to file an appeal in the event that a dispute arises during a trade on its P2P platform that the parties are unable to resolve by speaking with one another directly through the Chat Service offered by P3wallet. You recognise and acknowledge that P3wallet's appeal mechanism serves the sole purpose of providing users with a channel for mediation and is not in any way a representation, an undertaking, or a guarantee from P3wallet to resolve disputes between the parties. For Users who are uncooperative during the appeals process, P3wallet reserves the right to suspend or terminate access to P3wallet P2P. If an advertisement you posted is the subject of numerous ongoing appeals, you might lose access to all or part of P3wallet P2P.
(3.) P3wallet hereby reserves all final interpretations and judgments for the sanctioning of appeal cases. P3wallet will make each individual decision regarding the reopening of appeals at his or her sole discretion. If any fraudulent/false information or documents in a dispute from any parties lead to a certain outcome of a disputed transaction is considered a violation of these terms.
(1.) In order to share your experience with the counterparty after completing a Virtual Asset trade on P3wallet P2P, you might be asked to rate and write feedback. For all Users, a respectful, secure, and open environment is what the rating and feedback system aims to create. Any User who trades on P3wallet P2P can see your rating, and this could influence their choice to trade with you. P3wallet P2P allows you to see your current rating. If your rating falls below the acceptable level, which P3wallet will determine at its sole discretion, you might lose access to all or part of P3wallet P2P. In the event that your Account is subject to such a restriction, we may notify you and provide information that could help you raise your rating.
(2.) Any words that might be misleading or sensitive should not be used in your username, including the name "P3wallet," names of any banks or payment service providers, or any other words.
(3.) In the terms and conditions for an advertisement, when using the chat service, or in any other way when transacting with other Users on P3wallet P2P, you shall not disclose any personal information, social network details, or other contact information.
(4.) You may view content or use services offered by third parties while using P3wallet P2P, including links to those third parties' websites and services ("Third Party Content"). We do not adopt, endorse, or control any Third Party Content, and we will not be held responsible or liable in any way for such Third Party Content. These third parties and you are the only parties involved in any transactions or correspondence. You understand that using the Third Party Content and engaging in transactions with third parties are done at your own risk and that we are not liable for any loss or damage of any kind resulting from such dealings.
(1.) You acknowledge that our decision to take specific actions, such as restricting, suspending, or terminating your access to P3wallet P2P, may be based on private criteria that are necessary to our risk management and security protocols, including but not limited to situations in which we are unable to disclose the details of such restriction, suspension, or termination while an investigation is ongoing (by us and/or a third party such as the government, banks…).
(2.) P3wallet reserves the right to restrict, suspend, or terminate your Account or access to services in the Platform’s sole and absolute discretion, immediately and without notice and for a period, at the discretion of the Platform, if:
(1.) Prices for virtual assets may fluctuate. The value of the virtual assets you purchase or sell on P3wallet P2P could change due to these fluctuations and could be lower or higher both during and after the transaction is complete. P3wallet is not liable for any losses you might sustain as a result of your investment choices; you alone are responsible for them. In addition, any risks associated with P2P transactions, including but not limited to the credibility risks concerning the counterparties under P2P transactions, and the compliance risks of fiat currency transactions.
(1.) All terms and references that are used in these P2P Terms but are not defined or construed in the P3wallet term of service shall have the same meaning and construction in these P2P Terms.
(2.) You should read the Terms of Service and these P2P Terms together. The P2P Terms should be read first, followed by the Terms of Service, if there is any conflict or inconsistency between them.