Cryptocurrency adoption continues to grow, and with it, the demand for seamless, secure, and user-friendly ways to buy digital assets. Whether you're new to Web3 or an experienced trader, accessing crypto through trusted channels is essential. Bitget Wallet has responded to this need by integrating Over-the-Counter (OTC) and Peer-to-Peer (P2P) purchasing options directly into its platform—making it easier than ever to convert fiat into crypto.
As a leading all-in-one crypto wallet, Bitget Wallet supports a wide range of Web3 activities, including on-chain transfers, cross-chain swaps, contract trading, NFT transactions, and more. In this comprehensive guide, we’ll walk you through how to purchase cryptocurrency using both OTC payment channels and P2P trading, ensuring a smooth and secure onboarding experience.
What Are OTC and P2P Crypto Purchases?
Before diving into the steps, let’s clarify the two methods:
- OTC (Over-the-Counter): A direct transaction between a buyer and a licensed third-party provider. It’s fast, automated, and ideal for users who want a straightforward way to buy crypto with fiat.
- P2P (Peer-to-Peer): A decentralized method where buyers connect directly with individual sellers. Transactions are secured through escrow services, offering flexibility in payment methods and pricing.
Both options are now seamlessly integrated into Bitget Wallet, giving users full control and convenience.
How to Buy Crypto via OTC Payment
Buying crypto through OTC is perfect for those who prefer speed and simplicity. Here’s how to do it:
Step 1: Access the Buy Feature
Open your Bitget Wallet and navigate to the homepage. Tap on "Buy", then select "Buy crypto" from the menu.
Step 2: Choose Your Currencies
Select your location first. Then, choose the fiat currency you'd like to use (e.g., USD, EUR, GBP) and the cryptocurrency you wish to purchase (e.g., BTC, ETH, USDT).
👉 Discover the fastest way to convert fiat into crypto today.
Step 3: Confirm and Complete the Transaction
A real-time quotation will appear based on current market rates. Bitget Wallet automatically selects the provider with the best rate, but you can manually choose another if preferred. Once satisfied, tap "Confirm" and proceed to the payment page.
Follow the third-party provider’s instructions to complete the payment—this may involve bank transfers, credit/debit cards, or other supported methods. Once confirmed, the purchased crypto will be credited directly to your wallet.
This method is ideal for users seeking quick execution and minimal friction when entering the crypto market.
How to Buy Crypto via P2P Trading
P2P trading offers greater flexibility in terms of payment options and price negotiation. It's especially useful in regions with limited banking integration or for users who prefer alternative payment methods like mobile money or cash deposits.
Step 1: Navigate to P2P Trading
From the wallet homepage, tap "Buy", then select "P2P trading".
Step 2: Select Trade Preferences
Choose the cryptocurrency you’d like to buy and the fiat currency you’ll use to pay. You can filter merchants by payment method, reputation, transaction volume, and response time to find the most suitable match.
Step 3: Create a Bitget Account
Even if you already have an account on Bitget Exchange, a separate registration is required for P2P trading. Click "Sign up" and follow the prompts to create your account and log in.
Step 4: Complete KYC Verification
To ensure security and compliance, KYC (Know Your Customer) verification is mandatory before conducting any P2P trades. Submit the required identification documents and wait for approval—this process is typically quick and straightforward.
Step 5: Initiate and Complete Your Purchase
Enter the amount of crypto you’d like to buy, specify your wallet’s receiving address, and select your preferred payment method (e.g., bank transfer, PayPal, Alipay). After reviewing the order details, confirm the transaction.
The system will place the seller’s crypto in escrow. You then send the agreed-upon fiat amount directly to the seller using your chosen method. Once the seller confirms receipt, the crypto is released to your wallet.
👉 Start trading peer-to-peer with confidence and control.
Step 6: Track Your Transaction History
After completing your purchase, return to the homepage and tap the order icon in the top-right corner to view all your P2P transaction records. This feature helps you monitor past trades and manage future purchases efficiently.
Key Benefits of Using Bitget Wallet for Crypto Purchases
- All-in-One Platform: No need to switch between apps—buy, store, swap, and trade within a single secure wallet.
- Global Accessibility: Supports multiple fiat currencies and localized payment methods.
- Security-First Design: Encrypted storage, biometric authentication, and escrow protection for P2P trades.
- User-Friendly Interface: Designed for both beginners and advanced users.
Frequently Asked Questions (FAQ)
Q: Is OTC trading safer than P2P?
A: Both methods are secure when used correctly. OTC involves regulated third-party providers, making it more predictable. P2P relies on escrow protection and user ratings to ensure safety—just choose high-reputation merchants.
Q: Do I need to verify my identity for OTC purchases?
A: It depends on the third-party provider and transaction size. Some may require KYC; others allow small purchases without verification.
Q: Can I use P2P without a bank account?
A: Yes! P2P supports various payment methods like e-wallets, gift cards, and even cash deposits—offering inclusivity for unbanked users.
Q: Are there fees for buying crypto via OTC or P2P?
A: OTC providers may include fees in their exchange rate. On P2P, most merchants don’t charge extra fees, but spreads (price differences) may vary.
Q: How long does it take to receive crypto after payment?
A: For OTC, funds are typically credited within minutes. In P2P, once the seller confirms payment (usually within 15–30 minutes), crypto is instantly released from escrow.
Q: Can I sell crypto using these methods too?
A: Absolutely. Both OTC and P2P support selling crypto for fiat—simply reverse the process based on platform options.
Final Thoughts
Whether you're looking for speed and simplicity with OTC or flexibility and choice with P2P, Bitget Wallet delivers a robust solution for entering the cryptocurrency ecosystem. With built-in security features, intuitive navigation, and support for a wide range of digital assets, it's an excellent gateway into Web3.
👉 Ready to start your crypto journey? Get started now with trusted tools and fast access.
By understanding these two powerful purchasing methods, you gain greater control over how you acquire digital assets—setting a solid foundation for long-term engagement in decentralized finance, NFTs, gaming, and beyond.