What is P2P trading, and how does it work in peer-to-peer crypto exchanges?

2022.05.17 14:27

What is P2P trading, and how does it work in peer-to-peer crypto exchanges?

Peer-to-peer (P2P) trading is a type of cryptocurrency exchange method that allows traders to trade directly with one another without the need for a centralized third party to facilitate the transactions.

Unlike traditional Bitcoin (BTC) exchanges, which typically have strict regulations and require users to go through a verification process before they can access and use the platform, P2P trading platforms tend to be much more relaxed in terms of their requirements.

File-sharing

Telephony or VoIP

Media streaming

Advantages

Multiple payment methods

Secure transactions

Exposes you to a global marketplace where you can buy and sell to users globally

Restrictions do not apply even in nations with strict laws on crypto trading

Community and customer support

Allows you to customize your offers with ad posting to attract sellers

No trading fee or commissions

Great transaction speed

Flexible trade orders

Disadvantages

Low liquidity

The risk of scams

Slow trading speeds

Key features of a P2P platform

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