P2P, or “peer-to-peer,” trading refers to direct transactions between buyers and sellers in the cryptocurrency market. Unlike traditional exchanges, there are no intermediaries. This model offers more control and customization in transactions.
P2P exchanges operate like Facebook Marketplace, connecting buyers and sellers. Security is a strong point thanks to feedback systems and history.
It is possible to exchange cryptocurrencies for cash, although this varies by country. P2P trading has advantages such as minimal fees, greater control over transactions, and flexible methods.
Advantages
Minimal fees: One of the main benefits of P2P trading is the savings on trading fees, as there are no intermediaries charging for their services. Some P2P exchanges even offer fee-free transactions, providing further advantages to investors.
Greater control: Trading P2P means you “call the shots,” meaning traders have more control over the terms of the transaction, from fees to who they trade with. This allows for even greater customization of the investment strategy.
More flexible methods: Fiat currencies are just one of the payment methods on P2P exchanges, as many brokerages accept other methods such as bank transfers, debit and credit cards, cryptocurrencies, and even PayPal. Brokerages adapt to users’ needs and offer different payment methods, providing flexibility and accessibility to clients.