IQD exchange USDT tutorial

1. Enter Trading

Open the Gate.io official homepage, click the ‘Deposit’ button on the homepage, enter the deposit page, choose the ‘Buy Coins’ - ‘C2C’ trading option;

On the new page, click on the currency selection box, switch to “IQD” (Iraqi Dinar), then enter the required amount of USDT under the “Buy” option, choose a suitable pending seller, click the “Buy” button to start the C2C trading process;

Or click on the profile picture in the upper left corner, then select ‘Fiat Trading’ to enter the same ‘C2C’ trading page.

2. Exchange Fiat

Enter the USDT buy amount/total value, click ‘Confirm Buy’, verify the purchase information is correct, then click ‘Confirm’.

After a successful match, the ‘To be Paid’ will be displayed on the right side of the page. Users can click on it to enter the ‘Order’ page for inquiry. The order details page will display ‘Contact the Counterparty,’ and clicking on it will navigate to a new page with the seller’s payment information.

Pay the seller according to the payment information displayed on the page. After the payment is successful, click ‘I have paid’ to complete the fiat currency exchange.

3. Confirm Transaction

After the order is completed, you can view the order details on the ‘Orders’ - ‘Completed’ page. Please note: The buyer needs to manually complete the payment within 20 minutes (platform does not deduct automatically) and click the ‘I have paid’ button, otherwise the order will be automatically canceled after 20 minutes, and the coins will be returned to the seller’s account for re-listing.

IQD-C2C Merchant Guide

1. Same as the previous step, go to the ‘C2C Trading’ page, click on ‘Ad’ at the bottom of the page, then click on ‘Post Ad’, and finally click ‘Apply Now’ to complete the merchant certification process.

1. Click the drop-down arrow at the top of the page to select the trading currency ‘IQD’, then choose to enter the corresponding content using a fixed price or a floating price (price, quantity, amount, minimum single transaction volume, maximum single transaction volume, optional trading terms and automatic reply). In addition, you can also set trading restrictions (identity verification, level, registration days, and whether to trade with other ad publishers), etc.

1. After the order is successfully placed, you can view the order information in the ‘Order’ interface at the bottom of the page.

- To cancel an order or go offline, you can click “Cancel Order” or “Go Offline” below the order.

● To change order price and other information, click on the ‘More’ option below the order and choose the ‘Edit’ button to make changes.

Risk Warning

In the C2C trading mode, all transactions are directly conducted between users, and Gate.io only provides transaction matching without involving fund custody, trading supervision, or fund verification. Users are required to bear all risks related to transactions on the Gate.io C2C trading platform before exchanging Iraqi Dinar (IQD) for USDT. Users should fully understand the following user agreements, privacy policies, and applicable laws and regulations.

1. Trading Responsibility

Asset exchange transactions are directly conducted by the buying and selling parties. Gate.io platform only provides matching services and does not guarantee the fund transfer or payment performance of the trading parties. All trading-related responsibilities are borne by the trading parties themselves. It is recommended that users fully evaluate the counterparty’s credibility before starting the transaction.

1. Trading dispute

Gate.io shall not be liable for any losses caused by payment processes, exchange rate fluctuations, counterparties’ defaults, or other systemic factors. Especially when it comes to fiat currency exchange between the Iraqi Dinar (IQD) and USDT, due to the high volatility of the foreign exchange market, users may face risks such as price instability, transaction failures, or settlement delays. Users are advised to communicate with the payment service provider themselves and bear the related responsibilities.

1. Asset Security

Users must properly safeguard their personal account information and avoid private transactions with unidentified counterparts. The platform is not responsible for any financial losses caused by failure to complete payment within the specified time or by conducting transactions outside the Gate.io C2C platform. To ensure transaction security, it is recommended that users only conduct IQD to USDT transactions through the Gate.io platform to avoid the risk of fraud or fund loss from private transactions.

1. Compliance Risk

Users are not allowed to use multiple accounts for C2C transactions. If abnormal trading behavior is detected, the platform has the right to restrict or ban relevant accounts. In addition, IQD to USDT transactions involve cross-border fund flows, and users should ensure that transactions comply with local financial regulations and anti-money laundering (AML) requirements. If policy changes or regulatory requirements result in trading restrictions, users are responsible for compliance risks.

1. Exchange rate fluctuations

The payment methods in C2C transactions are only used as fiat payment options between buyers and sellers. Gate.io has no direct business relationship with any payment channel providers, and users need to evaluate the reliability of the payment methods themselves. In addition, the IQD to USDT exchange rate is affected by market supply and demand and may experience significant fluctuations. Users should make decisions cautiously to prevent asset losses or transaction failures due to price changes.

1. Platform Rights

Users using the Gate.io trading service agree that the platform has the right to take reasonable risk control measures, including but not limited to canceling orders, restricting trading permissions, or terminating trading services. All measures are taken to protect the legitimate rights and interests of users, the platform, and third parties, ensuring that transactions are conducted in compliance.

Conclusion

Gate.io’s C2C service, as a convenient and efficient asset exchange method, allows users to quickly complete peer-to-peer transactions of digital assets such as IQD and USDT. Users are advised to fully understand the trading rules in this article before trading, such as order matching mechanism, payment efficiency, and trading process, and strictly abide by anti-money laundering (AML) and KYC certification requirements to ensure the compliance and security of transactions.

As the C2C trading market continues to mature, Gate.io will further upgrade the trading matching mechanism, enhance the merchant management system, introduce more diverse payment methods, and identify potential abnormal transactions through intelligent risk control systems, providing global users with a more comprehensive fiat currency exchange channel.