P2P Protocol supports three types of orders, each serving a different use case:
BUY Orders
You pay fiat and receive stablecoin.Use BUY orders when you want to convert your local currency into stablecoins. You’ll send fiat payment through a supported payment rail and receive stablecoins in your wallet.Common use cases:
- Converting cash to crypto
- Entering the stablecoin ecosystem
- Funding your wallet for other transactions
SELL Orders
You transfer stablecoin and receive fiat.Use SELL orders when you want to convert your stablecoins back into local currency. You’ll transfer stablecoins from your wallet and receive fiat payment through a supported payment rail.Common use cases:
- Cashing out stablecoins
- Converting crypto to local currency
- Withdrawing funds to your bank account
PAY Orders
You transfer stablecoin for payment use cases where fiat settlement rails are involved.Use PAY orders for payment scenarios where you’re using stablecoins but the recipient expects fiat settlement through traditional payment rails.Common use cases:
- Paying bills or invoices
- Sending remittances
- Making merchant payments
The order type you choose determines the flow of your transaction and what actions you’ll need to take.