What are the advantages of P2P Exchange?

[Suba]

P2P Exchange is a crypto market which functions to bring together buyers and sellers who can interact and transact directly without third parties. The way the P2P exchange platform works is also quite easy and simple, sellers only need to offer a number of their cryptocurrencies and a specified or desired price, if a buyer is interested, then the bidding action will be carried out without the intervention of the regulator, and seller and buyer transactions will be recorded on the server data. on blockchain contracts. Currently, many people use P2P services, both on the exchanges Binance, Huobi, Kraken, Kucoin, etc.

 

[SHAHID987]

Initially I was very afraid of doing p2p exchange, my money was in cashmaal and due to this fear I was just taking out money in mobile load, then I started doing it with palpitation then I find it out the system of p2p is so nice there is very less chance as someone cheat us if do so he will lose his account.

 

[Suba]

In general, P2P exchanges use an excrow system, so that after approval from both parties money will be sent to the seller and crypto will be sent to the buyer. so it's safer.

 

[cherry123]

I have never used P2P exchanges but I like the idea that it uses an excrow system, so the seller is sure of getting their money after approval so no cheating at all.

 

[Suba]

Many parties consider p2p to be fairer because every actor, whether seller or buyer, has the same opportunity to benefit. The seller can determine the price while the buyer can choose the right price so that it will increase the liquidity of the p2p exchange.

 

[Magnus2022]

P2P is a wonderful innovation. With P2P, it is possible to use crypto even in countries where cryptocurrency is consider illegal. Without P2P, I can not be able to make money through cryptocurrency because it is illegal in my country.

 

[Niyi Briggs]

Peer to peer generally have lower transaction fees and allows users to get paid in a wide range of payment options. Because of its global reach, you are almost sure to get paid via any payment method you may wish.

 

[Bisolami]

P2P Exchange is a crypto market which functions to bring together buyers and sellers who can interact and transact directly without third parties. The way the P2P exchange platform works is also quite easy and simple, sellers only need to offer a number of their cryptocurrencies and a specified or desired price, if a buyer is interested, then the bidding action will be carried out without the intervention of the regulator, and seller and buyer transactions will be recorded on the server data. on blockchain contracts. Currently, many people use P2P services, both on the exchanges Binance, Huobi, Kraken, Kucoin, etc.

One of the best advantages is that you can have a permanent buyer which means you will no longer need to buy or sell to other people since you have found a legit person online

 

[Rubz]

Some of the advantages of P2P exchanges includes; the decentralization of P2P exchanges make them more resistant to hacking or other interference. P2P exchanges also offers greater privacy than most centralized exchanges.

 

[Bisolami]

Some of the advantages of P2P exchanges includes; the decentralization of P2P exchanges make them more resistant to hacking or other interference. P2P exchanges also offers greater privacy than most centralized exchanges.

That is another thing but we should just make sure that we do not provide unnecessary information to the people that we want to be trading with so that we will not give them the information that they should not know

 

[Rubz]

That is another thing but we should just make sure that we do not provide unnecessary information to the people that we want to be trading with so that we will not give them the information that they should not know

That's true. We should be mindful of the people we give information. I do not think anything can be done if relevant information get's into the hands of the wrong people in the name of trading.

 

[King Belieal]

The advantages of peer to peer trading is that it allows for you to trade your crypto for any kind of payments that you want.