Peer-to-peer is the powerful decentralized form of an exchange cryptocurrency. P2P exchange allows investors to negotiate the coin value before transferring. As per analysis, there are more than 9,000 digital tokens in existence. Investors around the globe are eagerly trading in this growing market.
The P2P exchange platform is popularly known for its decentralized network, secured transfers, transparency and more. If you’re looking to know more information about P2P exchange platforms, stick to the end of this article.
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Definition of Peer-to-Peer exchange
Peer-to-peer exchange is a software-based platform. It allows users to trade without middlemen, it means investors can buy or sell their crypto tokens by eliminating other people’s involvement i.e banks, institutes and more. Transactions are processed in no time as there are no middlemen involved. Also, the speed of transactions is high compared to traditional transactions performed on the p2p exchange platforms.
Peer-to-Peer was introduced by “Napster” in 1999. At initially, it was developed as a “File-sharing Application” via servers among users. This concept is currently being used in Bitcoin (BTC) exchange, Bitcoin investors can share their tokens and content on the exchange platform with ease.
How does Peer-to-Peer (P2P) work?
Considering Bitcoin exchange platforms, BTC investors will exchange their traditional or fiat currencies for digital tokens at current value. But in the peer-to-peer exchange, sellers will set the cryptocurrency price and payment mode. Yes, you’ve heard it right! Investors will have complete control over their digital currency. Sellers can choose their buyers to trade on the P2P exchange. Keep a note, investors need to pay a small amount of commission fee for becoming a participant in the p2p exchange.
Hope you have understood what is peer-to-peer exchange and its working procedure? Now, let’s have a look at popular p2p exchange platforms available in the market.
Best Peer-to-Peer (P2P) Exchange Platforms
Paxful
Want to buy or sell your cryptocurrencies instantly? Yes! Look no further than Paxful. It is the global peer-to-peer exchange platform, millions of people around the world are trading with high-security.
Whether you’re looking to buy or sell crypto coins, Paxful is offering more than 350 payment options for its users. Create a Paxful account right away and start accepting preferred payment options and send your money to over 6 million investors just like you.
Paxful is secured by “Escrow”. On the other hand, Paxful offers a safe and convenient environment for trading Bitcoins (BTC). Cash payments are simple on Paxful, buy the cryptocoin and pay fiat money. Sounds simple! No need for a bank or third-party involvement.
It’s time to elevate financial freedom to the safer plane using Paxful. Purchase Bitcoin (BTC) in real-time, you can trade with global users using Paxful live chat. Sell your BTC’s at your convenient price and receive instant payments.
LocalBitcoins
Whether you’re planning to buy Bitcoin for local or global user’s, LocalBitcoins is the right choice for you. Start trading your BTC person-to-person in a simple, secure and fast approach. On LocalBitcoins, people around the globe can easily exchange their traditional cash into Bitcoins (BTC). The p2p exchange platform allows their users to create attractive advertisements and choose the preferred payment mode, exchange value and more.
LocalBitcoins peer-to-peer exchange platform works in a different way. Users will deal with real humans. It means LocalBitcoins will allow investors to buy or sell directly with another human. The process is customizable, secure and fast, no need to worry about corporate overhead. Get your Bitcoin’s (BTC) instantly. Plus, LocalBitcoins provides “Escrow Protection” to ensure secure trading for their users.
Binance
Buy or sell cryptocurrencies within minutes on the Binance P2P exchange platform. Binance was introduced in 2017. It is the world’s largest P2P exchange platform. Initially, Binance was started in “China” and later moved to “Malta”. Binance was leading in the cryptocurrency market since its existence.
Binance offers excellent services such as decentralized exchange, staking platform, future exchange, spot exchange and more. Also, Binance offers Launchpad for a few projects – debit cards, savings, etc.
Binance peer-to-peer is the global leader for crypto exchange. The platform allows buyers and sellers to create an account and make the deal according to their choice. Similar to other peer-to-peer exchange platforms, there will be sellers and buyers listed. Sellers can set their prices and sell the coins directly to the buyer. Also, the Binance platform will help you while selling your digital tokens by listing your advertisement. Buy crypto and digital assets using debit and credit cards, peer-to-peer transfers, fiat cash and more.
Bitzlato
Bitzlato is the best place for peer-to-peer cryptocurrency exchange. As the platform is offering 0% fees forever. Sounds amazing right? Yes! Bitzlato was started in 2015. There are over 69 countries that support the Bitzlato exchange platform.
There are few p2p exchange platforms that force a user’s to complete the KYC process. Thanks to Bitzlato! It doesn’t force you to reveal your personal information, this is one of the key reasons to choose
Bitzlato. Therefore, you can stay anonymous as long as you wish.
The trading charges at the Bitzlato exchange range from 0% – 0.5%. Also, the exchange platform is offering “Weekends without charges”. It means you don’t need to pay a fee when you trade during weekends. Hurray! Start trading on weekends and enjoy zero trading value on Bitzlato. Apart from trading, you can even make money on Butzlato. Invite your friends and family members to Bitzlato and earn upto 40% of the exchange platform charges for your friends’ deal.
Wrapping up
A peer-to-peer (P2P) exchange allows investors to conduct simple and hassle-free cryptocurrency trading. “Top-of-the-line match engines” are used to connect the buyer with the preferred seller. There are endless advantages associated with the p2p exchange, users can access the global crypto market (buyers and sellers). Simply put, you can buy or sell digital tokens with global investors within a couple of seconds. There are multiple payment options available on peer-to-peer exchanges. Also, it enhances security, the users have complete control over their digital currencies.
Have a look at the above-mentioned peer-to-peer exchange platforms and choose the best one as per your requirements.
