Storspay Exchange vs P2P exchange apps: what changes for a business
A plain comparison for businesses and for traders who operate as one: counterparty, settlement, the local-currency leg, paperwork, price. Where a P2P app wins, where Storspay Exchange wins, and who should use which.
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The short answer. A P2P app is cheaper on spread and open to anyone; Storspay Exchange is for verified businesses, settles the instant you confirm, keeps the local-currency leg in your own business bank account, and gives you a statement with the counterparty’s business name. A trader chasing the tightest spread should use the app; a business that needs clean books should use Exchange.
We get asked this by two kinds of people: business owners who have been using P2P apps because there was nothing else, and traders who want to know whether Exchange is worth a 0.5% fee. The honest answer differs for each, so here is the comparison line by line.
Who is on the other side
On a P2P app the counterparty is an individual with a rating. On Storspay Exchange every participant is a business that passed KYB and an enhanced review, and the statement shows its business name. For a trader this is a smaller pool; for a business it is the difference between a receipt and a screenshot.
How a trade settles
On a P2P app the buyer pays the seller outside the app — bank transfer or mobile money to a personal account — then uploads proof, and the seller releases the asset by hand within a window. Disputes are about screenshots. On Exchange the buyer pays from a Storspay balance and the trade settles atomically the instant they confirm: the asset and the money move in one step, both held by Storspay until then. There is no payment window, nothing to prove, nothing to release.
The local-currency leg
This is where most of the risk lives. On a P2P app, naira, shillings or cedis move between personal bank accounts of strangers — the pattern that banks in Nigeria and Kenya now freeze. On Storspay, local currency enters through Get paid and leaves through Run Payroll, always to or from your own business account, with a reference and a receipt. The trade itself never touches local currency.
Paperwork
A P2P app gives you a trade history. Exchange gives you an invoice-linked deposit, a statement line per trade with the counterparty’s business name, a receipt for both sides, and a cash-out line with the rate and the fee — what an accountant, an auditor or a tax office will ask for.
Price
The P2P app wins. Spread-only venues charge no fee and live on a 0.1–1% spread; Storspay charges the taker 0.5% and the treasury 0.75% to convert. For a round trip from shillings to USDT and back, the app will be cheaper. We say so on the Exchange page, and we are not trying to change it: the fee pays for verification, screening, instant settlement and support.
| P2P exchange app | Storspay Exchange | |
|---|---|---|
| Counterparty | Individual with a rating | Verified business, named on your statement |
| Settlement | Manual release after proof of payment | Atomic, the instant you confirm |
| Local currency | Personal bank accounts of strangers | Your own business account via Get paid / Run Payroll |
| Paperwork | Trade history | Invoice, statement, receipts, rate and fee lines |
| Screening | Varies | Every address, before money moves |
| Price | Spread only, often under 1% | 0.5% taker · 0.75% convert · 2% local cash-out |
| Who | Anyone | Businesses, incl. sole traders, by application |
How it works, in four steps
- Apply once. A verified business on a paid Storspay plan applies from the Exchange tab: a few questions about what it will trade and why, a one-time identity check for a director, the wallets it plans to use. Reply within one business day.
- Receive or convert. A client sends USDT or USDC to the address in your business name, or you convert dollars or euros from your balance at 0.75% all-in.
- Trade or hold. Keep the balance, convert between USDC and USDT at 0.25%, or trade with other verified businesses on the P2P market — taker 0.5%, makers free, settled the instant the buyer confirms.
- Cash out or send. Pay your local bank or mobile money the same business day at 2% all-in, or send to any wallet address for the network fee only.
What it costs
| Step | Fee |
|---|---|
| Receive USDC or USDT | Free |
| P2P market — taker | 0.5% (makers free) |
| Convert US dollars or euros ⇄ USDC or USDT | 0.75% all-in |
| Convert USDC ⇄ USDT | 0.25% |
| Send to a wallet address | Network fee only |
| Cash out to a local bank or mobile money | 2% all-in (1% · min US$2 to India, Indonesia, the Philippines and Thailand) |
Questions people ask
I trade for a living. Should I use Exchange?
If you operate as a registered business or a sole trader and value verified counterparties, instant settlement and a same-day cash-out to your own business account, yes. If the spread is all that matters, no — and we would rather tell you now.
Can I use both?
Many businesses will: the app for the occasional best price, Exchange for the trades that have to be on the books.
Is Exchange available in my country?
Availability depends on your country; apply from the Exchange page and we will tell you.
Who this is for — and who it is not for
Businesses, and a sole trader counts: every movement is a business transaction with an invoice, a contract or work delivered. Traders are welcome as businesses and should expect what the page says plainly — verified counterparties, instant settlement and a cash-out to their own business account, not the tightest spread on the internet. Personal accounts, gifts and family transfers are not what this is.
Keep your invoices and statements for your records and ask a local accountant how income in digital dollars is taxed where you live.
Read next
- Storspay Exchange — hold, convert and trade digital dollars
- Digital dollars for African businesses
- Storspay Exchange vs P2P exchange apps
- Can a freelancer hold USD, EUR, GBP or CAD?
Storspay Exchange is in early access — apply from the Exchange page. Fees and availability are as published there on the day you read this.
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