Why Coinwaka asks for payment methods
Payment methods are a security and settlement tool, not just a form field.
Beginner 3 min readUpdated 5/27/2026
Before you buy, sell, or trade on P2P, Coinwaka asks you to add a payment method (like your M-Pesa number). This isn't bureaucracy — it protects you and the system.
Why it matters
- It ties payments to you, reducing fraud and account takeover.
- It enables clean settlement and a clear record for disputes.
- It lets us check that the payment name matches your verified identity, which is the core protection against third-party-payment scams.
P2P payment methods are shown only to your active trade counterparty and are different from deposit methods used for buying.