Article

Unlock the future of P2P trading with GEO express

Published on Sep 20, 2023Updated on Apr 4, 20245 min read57

Trade, verify, and release tokens instantly for users in Ukraine!

To ensure the best P2P trading experience for our users, we've integrated our payment services with GEO Pay and introduced a new payment method, GEO Express, which enables instant payment verification and token release on all your P2P trades. Our integration enables us to instantly verify if the buyer's payment made is correct. Once verified, the tokens will be instantly released to the buyer's OKX Funding account.

The new features are exclusively available to our users in Ukraine, with the P2P currency and payment method set to UAH and GEO Express, respectively. This localized approach ensures a seamless and tailored experience for our Ukrainian user base.

GEO Express

What is GEO Express?

GEO Express is a new payment method derived from our direct payment integration with GEO Pay (a multi-equivalent platform for instant crypto operations in Ukraine) offered exclusively to users trading in UAH currency.
Both buyers and sellers will enjoy seamless transactions and user experience with the following benefits:

Benefits* of using GEO Express as a buyer:

Increased exposure and traffic: Makers may attract more traffic to their buy ads for GEO Express through the introduction of Featured Ads, leading to enhanced visibility and potentially higher transaction volumes.
Seamless payment experience: Auto-direction to GEO Pay's payment site within OKX, eliminating the need for users to switch between platforms.
Enhanced security and trust: Automated verification checks with regards to (1) payment amount, and (2) counterparty's GEO ID, to ensure safe transactions.
Instant crypto release: Once payment has been verified, the crypto will be instantly released to the user's OKX Funding account, thus streamlining the order completion process.

Benefits* of using GEO Express as a seller:

Increased exposure and traffic: Makers may attract more traffic to their sell ads for GEO Express through the introduction of Featured Ads, leading to enhanced visibility and potentially higher transaction volumes.
Enhanced security and trust: Automated verification checks with regards to (1) payment amount, and (2) counterparty's GEO ID, to ensure safe transactions.
Streamlined order completion: Sellers are no longer required to be online to manually complete an order with automated crypto release, upon confirmation of payment verification checks on buyer's end.

How to set up GEO Express?

Register: For users who are new to GEO Pay, please create an account with them here.
Verify: Upon addition of GEO Express as a new payment method or creating an ad, users will need to verify their GEO ID with OKX.

Verify your GEO ID

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Insert necessary details to add account

Trade now: Once users' GEO ID has been verified, they may proceed to make a P2P trade and enjoy the benefits of automated payment verification checks and instant crypto release.

How to buy with GEO Express?

Creating an order: After verifying your GEO ID and creating an order, simply click on 'Launch GEO Express' to initiate the payment process. This will automatically redirect you to GEO Pay to make the payment for that specific order.

Proceed to the payment phase
Completing the payment: After payment, you may return to the OKX platform by selecting Go back to OKX.
Payment verification and crypto release: Once the payment has been verified, the crypto associated with the order will be automatically released and deposited into your OKX Funding account.

View the assets in your account

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Completion of order status will appear

How to sell with GEO Express?

Creating an order: After verifying your GEO ID and creating an order, you'll be notified that a new order has been placed.
Payment verification and crypto release: Upon verification of the buyer's payment, you'll be notified that the crypto associated with the order will be automatically released and the order will be completed.

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Check the details of your order once it's complete

Should you face any issues with your transactions with GEO Express, we recommend you chat with your counterpart first. If you can't reach them, you may seek help from OKX Customer Support by raising a dispute via the following steps or simply reach out to GEO Pay's Telegram support group!

Select the order you want to follow up with
Select Need help? and select a relevant issue
Follow the on-screen instructions such that our Customer Support can review and process your dispute efficiently

*To fully enjoy the benefits with GEO Express - instant payment verification and token release, do update your APP to the latest version.

Learn more via here

Disclaimer
P2P (peer-to-peer) transactions are trades carried out directly between two users. After the buyer and seller are matched on our OKX.COM platform (the "Platform"), the parties shall verify their identities by cross-checking the name of the name of fund sender and against the name of the account holder. The seller shall confirm that the names match before they release the tokens in the P2P OKX platform. OKX does not perform this verification on behalf of the parties in the P2P transaction.

Your use of the OKX P2P trading services and all information, materials and other content (including that of third parties) included in or accessible from OKX P2P trading services is solely at your own risk. OKX's sole responsibility is to facilitate the digital asset transaction process on the Platform. All payments are final upon completion unless otherwise required by law. OKX has neither the right or obligation to resolve any dispute or claim arising from a completed payment. OKX shall not be liable for any losses that may result in or arise from a completed payment.

The buyer/seller may directly contact you to verify your identity or obtain additional information to complete the transaction and/or payment. Such communications or exchange of information may take place outside the Platform. Any such communications between you and the buyer/seller are not controlled or managed by OKX. OKX shall not be responsible for any losses that you may incur arising or resulting from any such communications between you and the buyer/seller.

Third parties, such as verification service providers, escrow agents, payment providers, custodians, and/or banking partners may be involved in any OKX P2P trading services transactions. You may be subject to the terms and conditions of these third parties. OKX shall not be responsible for any losses that arise or result from any third parties.