Ether Coin P2P Trading
Last Updated: January 12, 2026
These P2P Trading Terms govern the use of Peer-to-Peer (“P2P”) services on the Ether Coin Platform. By using P2P trading features, the user agrees to all conditions listed below.
1 Introduction to P2P Trading
1.1 P2P trading allows users to buy and sell digital assets directly with other users without third-party financial intermediaries.
1.2 Ether Coin acts only as a platform provider and does not participate in, guarantee, or control any P2P transaction.
1.3 All P2P trades are between buyer and seller, and both parties are fully responsible for the accuracy and legitimacy of their actions.
2 Eligibility for P2P
2.1 To access P2P features, users must complete Full KYC Verification:
- Aadhaar
- PAN
- Bank account details
- UPI ID & Mobile OTP
- Selfie verification
2.2 Without successful KYC, P2P trading remains restricted.
3 User Responsibilities
3.1 Buyers Must:
- Pay the seller in full using the correct payment method.
- Upload accurate proof of payment.
- Not mark “Payment Completed” unless actual payment is made.
3.2 Sellers Must:
- Confirm payment manually before releasing tokens.
- Release tokens only after verifying the buyer’s payment.
- Not request extra charges outside the platform.
3.3 All Users Must:
- Use only their own verified bank/UPI accounts.
- Not use third-party accounts for payment.
- Not engage in fraud, scams, chargebacks, or illegal activities.
Use of someone else’s bank account will result in account suspension.
4 Payment Rules
- Buyer must complete payment within the time limit shown.
- Failure to pay on time may lead to auto-cancellation.
- Platform does not handle fiat payments — users must complete payment off-chain.
- Payment must match the exact amount shown on the order (no partial payments).
5 Order Creation & Completion
5.1 When an order is placed, the seller’s tokens are temporarily locked/escrowed by the platform.
5.2 Tokens remain locked until: Seller releases them, Order auto-cancels, or A dispute is resolved.
5.3 Once tokens are released, the order is finalized and irreversible.
6 Prohibited Activities
Strictly Prohibited
- Fake payment confirmations
- Using forged payment proofs
- Third-party bank/UPI accounts
- Chargebacks after receiving tokens
- Money laundering activities
- Harassing/abusing counterparties
Consequences
- Account freezing
- Permanent suspension
- Legal action
- Reporting to authorities
7 Dispute Handling
7.1 If buyer claims “Paid” but seller disagrees, a dispute can be opened. Both parties must submit proof (bank SMS, screenshot, UPI ID, reference ID). Admin team will investigate.
7.2 The platform’s final decision on dispute cases is binding and cannot be challenged.
7.3 Fake evidence or false claims will lead to account termination.
8 Fees & Charges
Fees are deducted automatically from the seller’s received tokens. Buyers do not pay platform fees.
9 Risks & Disclaimer
9.1 P2P trading involves risk of dealing with unknown users.
9.2 Ether Coin does not guarantee payment success, seller honesty, or buyer reliability.
9.4 Ether Coin is not responsible for payment disputes, wrong transfers, chargebacks, fraud by users, or delayed bank transactions.
10 Token Release & Suspension
Seller must release tokens only after confirming payment. Wrongful refusal to release tokens will lead to suspension.
Your P2P access may be suspended for fraud, fake payments, excess disputes, or violating KYC rules.
11 Final Disclaimer & Acceptance
Ether Coin is only a technological platform, not a broker or financial institution. All P2P transactions are performed at user’s own risk. The platform does not guarantee refunds or compensation.
By using the P2P trading services, you agree to follow all rules, accept all risks, and abide by admin decisions.