How Quyoom Exchange Works (Step-by-Step)
Initiate a Trade
A buyer and a seller agree on the exchange rate and initiate a P2P trade on Quyoom Exchange. This can be initiated by either party through a public offer or direct request.
Dual Escrow Deposit
Both parties are required to deposit their agreed amounts into escrow—
• User A deposits 100 USDT
• User B deposits ₹9,000 INR
Funds are held safely in separate wallets until both deposits are confirmed.
Automatic Verification & Release
Once both sides complete their deposits, Quyoom Exchange automatically verifies the transaction and releases funds simultaneously to each party:
• User A receives ₹9,000 INR
• User B receives 100 USDT
No manual approvals, no third-party dependency.
Why Quyoom Exchange is a Game-Changer
Dual-Sided Escrow Protection
Most platforms only secure crypto—leaving fiat transactions exposed. Quyoom Exchange is built differently. We secure both INR and USDT in escrow, so no party gets cheated.
Fair & Transparent P2P Trades
Every trade is recorded, verified, and transparently processed with real-time status updates.
Fiat + Crypto in One Place
Whether you're cashing out your crypto or buying USDT using INR, our platform supports safe, regulated cross-currency exchange.
Smart Automated System
From matching to verification to release—our system is fully automated for speed and accuracy.
No Centralized Middlemen
You trade directly with your peer. Quyoom Exchange acts only as the escrow—never touching or controlling your funds after trade completion.
Fast Settlement Times
Our automated system ensures that once both parties fulfill their obligations, funds are released immediately without unnecessary delays or manual approvals.
Why Choose Quyoom Over Binance P2P?
See how our revolutionary dual escrow system outperforms traditional P2P exchanges
| Feature | Binance P2P | Quyoom Exchange |
|---|---|---|
| Escrow Protection | Only crypto is escrowed, fiat payments rely on trust | Both INR and USDT fully escrowed simultaneously |
| Dispute Resolution | Manual review process, can take 24-48 hours | Automated system with instant resolution |
| Transaction Fees | 0% trading fee + payment method fees | Fixed 0.5% fee, no hidden charges |
| Fiat Security | Relies on payment confirmations and user reports | INR held in secure escrow until trade completion |
| Settlement Time | 15-30 minutes depending on payment method | 5-15 minutes guaranteed settlement |
| Fraud Protection | Post-incident reporting and investigation | Prevents fraud through dual escrow system |
| User Experience | Multiple steps, manual verification required | Streamlined process, automated verification |
| Market Coverage | Multiple currencies and payment methods | Specialized INR ↔ USDT trading |
Our Competitive Advantages
Zero Fraud Risk
Our dual escrow system eliminates the possibility of either party being scammed
Instant Settlement
Automated release system ensures faster transaction completion
Transparent Pricing
No hidden fees or surprise charges - just a simple 0.5% transaction fee
Specialized Service
Built specifically for INR-USDT trading with local market expertise
Common Issues with Binance P2P
Fiat Payment Risks
Sellers can receive crypto but buyers may not get their fiat payment confirmed
Manual Dispute Process
Disputes require manual review, leading to delays and uncertainty
Complex User Experience
Multiple verification steps and payment method complications
Hidden Costs
Payment gateway fees and currency conversion charges add up
How Quyoom Solves These Problems
Dual Escrow Security
Both INR and USDT are secured in escrow, eliminating payment risks
Automated Resolution
Smart contracts handle verification and release automatically
Streamlined Process
Simple deposit, verify, and receive process with minimal steps
Transparent Pricing
Single 0.5% fee with no hidden charges or surprise costs
Real-World Trading Scenario
Binance P2P Experience
Result: 15-30 minutes if everything goes smoothly, 24-48 hours if disputes arise
Quyoom Exchange Experience
Result: Guaranteed 5-15 minutes completion with zero fraud risk
By the Numbers
Ready to Experience the Difference?
Join thousands of traders who have switched to Quyoom Exchange for safer, faster P2P trading
Who Is It For?
- Crypto Investors looking to cash out safely
- INR Holders wanting to buy USDT securely
- Traders needing fast peer-to-peer execution
- Freelancers and remitters handling crypto/fiat payouts
Be the First to Experience Real Escrow
Secure your trades like never before. Start using Quyoom Exchange—the future of safe P2P currency exchange.
Frequently Asked Questions
How does the dual escrow system work?
Our dual escrow system secures both INR and USDT simultaneously. When you initiate a trade, both parties deposit their agreed amounts into separate escrow wallets. The funds remain locked until both deposits are confirmed. Once verified, the system automatically releases the funds to each party simultaneously.
What fees does Quyoom Exchange charge?
Quyoom Exchange charges a minimal fee of 0.5% per transaction, which is significantly lower than most centralized exchanges. This fee is only applied when a trade is successfully completed. There are no hidden charges, deposit fees, or withdrawal fees.
How long does a typical transaction take?
Once both parties have deposited their funds into escrow, the verification and release process is nearly instantaneous. The entire transaction, from initiation to completion, typically takes between 5-15 minutes, depending on blockchain confirmation times for USDT and bank transfer speeds for INR.
Is Quyoom Exchange regulated and compliant?
Yes, Quyoom Exchange operates in full compliance with relevant regulations. We implement strict KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures to ensure a secure and legitimate trading environment.
What happens if one party doesn't complete their deposit?
If one party fails to complete their deposit within the agreed timeframe (typically 30 minutes), the transaction is automatically canceled, and any deposited funds are returned to the original sender. This ensures that no one's funds are ever locked or at risk.