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NFT News

ParaSwap Launches First P2P NFT Trading App

The application will allow users to buy crypto with fiat, storing and managing crypto assets and trading P2P NFTs.

Written By:
Ritu Lavania

Last updated: April 29, 2025 8:46 PM
Published 2022-06-21
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Last updated: April 29, 2025 8:46 PM
Published 2022-06-21
ParaSwap Launches First P2P NFT Trading App

The decentralized exchange aggregator ParaSwap makes a splash into the NFT space, as it launches the first NFT peer-to-peer (P2P) mobile trading application on iOS. The app will enable users to store tokens and trade NFTs on ParaSwap.

Ladies & gents, please welcome #ParaSwAPP

The FIRST NFT P2P mobile trading app on iOS

🏆 Buy & Sell NFTs with any token
🔐 Secure non-custodial wallet
💳 Fiat OnRamp with 0 fees

Start here https://t.co/rv5JHLxMsD 🚀 pic.twitter.com/iBlO5JtH6J

— Velora (formerly ParaSwap) (@VeloraDEX) June 20, 2022

The applications bring to users the most exciting utilities including buying crypto with fiat, storing & managing crypto assets, and trading P2P NFTs.

Other perks include:

  1. P2P NFT trading on mobile 

The ParaSwap mobile App is an integration of NFT storage and P2P trading operations. Also, users can buy and sell NFTs using any token independent of the other party’s token choice. 

  1. Buying Crypto with Fiat

The ParaSwap iOS mobile app is joining forces with Ramp to provide users the easy option of buying crypto via debit or credit card, bank wire transfer, etc. Moreover, the newly purchased crypto will directly go to their own crypto wallet instead of a custodial exchange wallet.

Except for Ethereum, the first 500k or all first purchases of a Ramp user (for three weeks) in any chain will be free of charge.

  1. Fluid UX and Seamless Integrations

The app has incorporated some of the best dApps, protocols, and tools of the market. This allows users to store, use and manage their assets in just one place.

  1. 100% Gas Refunds 

One can access the DEX aggregator service through the app. One can swap cryptos at the best rates, and get up to 100% gas refunds.

  1. Top-tier Security

One can control data sharing and iCloud backups, thus, making sure the data is safe.

  1.  Built by the Users, for the Users

During the pre-beta testing, a small group of selected users joined the development process, to ensure that the app’s core functions, design, and features are smooth and easy to use.

The app will be available to 10,000 beta testers who will not be obliged to purchase or stake the company’s PSP token, which will decide their position in line based on social media involvement.

Subscribe to The Crypto Times for more NFT Insights!!

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Ritu Lavania - Crypto Content Writer at The Crypto Times
By Ritu Lavania
Ritu Lavania is a content writer at The Crypto Times. She is also a literature enthusiast who loves beautiful clicks, flowery letters and has started to appreciate NFT Art. She loves dogs (and wishes to pet them), loves elephants (but can't afford them), and also likes spiders (and has a few of these in her window grills).

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