WEEX P2P Now Supports ILS, BHD, OMR and QAR: How to Buy Crypto With Local Currencies

WEEX P2P now supports four new fiat currencies: the Israeli new shekel (ILS), the Bahraini dinar (BHD), the Omani rial (OMR) and the Qatari riyal (QAR). 

Users in Israel, Bahrain, Oman and Qatar can buy crypto through local payment methods, with platform escrow protecting funds during the transaction and no fees charged by the platform. The sections below explain what WEEX P2P is, where to find it and how to buy crypto step by step.

What Is New on WEEX P2P?

WEEX P2P has added ILS, BHD, OMR and QAR to its list of supported fiat currencies. A user in Israel, Bahrain, Oman or Qatar can now pay in the local currency and receive crypto, without first converting the money into another currency. Multiple local payment methods are supported in these four countries, and the payment methods available for each trade are shown on the ad.

The four currencies join the fiat currencies already supported on WEEX P2P, and they work in the same way as the rest of the marketplace. Buyers choose an ad, pay the seller through a local payment method and receive the crypto in their WEEX account once the payment is confirmed. The platform charges no fees on these trades, and the price is agreed between the buyer and the seller.

What Is WEEX P2P Trading?

WEEX P2P trading is a peer-to-peer platform for buying and selling cryptocurrencies. WEEX describes it as simple, user-friendly and secure. Instead of buying from the platform, the user trades directly with another user, and the two sides agree on the price.

The platform acts as an escrow in the middle of each trade. Funds are held while the transaction is in progress, and the crypto is released to the buyer’s Funding Account after the seller confirms the payment. Ads are matched in real time, so a buyer can filter the list by amount and payment method, choose an ad and start the order without waiting for a match.

What Are the Advantages of P2P Trading on WEEX?

WEEX lists four advantages. The first is zero fees: buyers and sellers set their own prices, and no fees are charged by the platform. The second is local payments, because multiple local payment methods are now supported in Israel, Bahrain, Oman and Qatar, which lets users pay with methods they already use.

The third is security, since platform escrow protects the funds while the transaction is in progress. The fourth is speed, because real-time matching supports quick and seamless transactions. Zero platform fees refers to WEEX, and a bank or payment provider may apply its own charges, which can be checked with the provider before paying.

Which Fiat Currencies Are Supported on WEEX P2P?

The four new currencies are the Israeli New Shekel (ILS), Bahraini Dinar (BHD), Omani Rial (OMR) and Qatari Riyal (QAR). They join a list of 50 fiat currencies on WEEX P2P, which includes major currencies such as the US dollar (USD), the euro (EUR) and the pound sterling (GBP).

In Africa, the list includes XOF, XAF, CDF, TZS, UGX, KES, GHS, ZAR, MAD, EGP and NGN. In Asia, it includes NPR, BDT, LKR, IDR, MYR, INR, PKR and VND, and in Central Asia and the Caucasus it includes KGS, TJS, KZT, UZS, AMD, GEL and AZN. In the Middle East, it includes SAR, JOD and SYP, and in Europe it includes PLN, RUB, UAH, MDL and TRY, alongside EUR and GBP. In the Americas, it includes VES, DOP, PEN, CLP, BOB, COP, ARS, BRL and MXN, alongside USD. WEEX states that more fiat currencies will be added soon.

Where Can P2P Trading Be Found on WEEX?

On the website, P2P trading is under Buy Crypto in the navigation bar. From the homepage, the path is Navigation bar, then Buy Crypto, then P2P trading. This is the entry point for users who prefer to trade on a computer.

In the app, there are three ways to reach P2P. From Home, P2P is in the shortcut bar. From Trade, P2P is at the top of the page. From Assets, it is under Buy crypto. Each of these paths leads to the P2P marketplace, so users can pick whichever fits the part of the app they are already in.

How Can Crypto Be Bought on WEEX P2P?

The steps are the same for any supported currency. In the WEEX app, the user opens P2P and selects the crypto to buy, such as USDT. The user then filters the ads, enters the amount of USDT to buy, chooses a payment method and presses the Buy USDT button to start the order.

The payment is then completed through a local payment method, and after the seller confirms the payment, the USDT is released into the user’s Funding Account. Funds should only be sent according to the payment details shown inside the order, and the order should be completed within the platform so that escrow protection applies. Users can start from the [WEEX P2P page]({{URL: WEEX P2P page}}) and read the [full announcement]({{URL: product-launch article}}) for more details.

Conclusion

WEEX P2P now supports ILS, BHD, OMR and QAR, adding local payment methods in Israel, Bahrain, Oman and Qatar to its list of 50 fiat currencies. Trades are made at agreed prices between users, platform escrow protects the funds, and the platform charges no fees. Buyers can start from the Buy Crypto menu on the website or from several entries in the app.

FAQ

1. Which new currencies does WEEX P2P support?
WEEX P2P now supports the Israeli New Shekel (ILS), Bahraini Dinar (BHD), Omani Rial (OMR) and Qatari Riyal (QAR).

2. Does WEEX charge fees on P2P trades?
No. Buyers and sellers set their own prices, and no fees are charged by the platform. A bank or payment provider may charge its own fees.

3. How is the money protected in a P2P trade?
Platform escrow protects the funds during the transaction, and the crypto is released after the seller confirms the payment.

4. Where is P2P trading on WEEX?
On the website, it is under Buy Crypto in the navigation bar. In the app, it is in the Home shortcut bar, at the top of the Trade page and under Assets, then Buy crypto.

5. Will more fiat currencies be added to WEEX P2P?
WEEX states that more fiat currencies will be added soon.