P2P and OTC Stablecoin Documentation

P2P and OTC stablecoin trades can be legitimate, but they often create documentation gaps. If a wallet later becomes restricted, the hardest question may be simple: where did the money come from?

Before the trade

Record the counterparty identity, business name, contact method, agreed amount, asset, chain, wallet address, payment method, and reason for the transaction. If the counterparty refuses to provide any documentation, treat that as a risk signal.

During the trade

Use one receiving address for the agreed transaction, confirm the chain, and save the transaction hash. Do not accept funds from a different wallet without asking why. If the sender changes addresses at the last minute, document the explanation.

After the trade

Save all receipts in one folder:

• invoice or trade agreement
• exchange or bank payment confirmation
• blockchain transaction hash
• wallet screenshots
• counterparty messages
• proof of goods, services, or business reason
• any KYC or business documents that are appropriate for the relationship

Red flags

Be cautious when a counterparty:

• asks to split one payment through many fresh wallets
• insists on no records
• uses someone else's exchange account
• sends from a wallet associated with scams, mixers, or sanctioned services
• asks you to move funds immediately after receipt

FAQ

Is P2P always risky?

No. But undocumented P2P trades are harder to defend than well-documented trades.

Should I keep chat logs?

Yes. Preserve the full context, not only screenshots that help your side.

What if the counterparty sent from a different wallet?

Ask for an explanation immediately and save it. A surprise source wallet can matter during review.