P2P Trading Explained

P2P(peer to peer) trading is a dencentralized cryptocurrency exchange method that allow individuals trade directly with one another using their preferred payment method and local currency, being dencentralized means that it can’t be intermediated by a third party.

There a lot of benefits associated with using P2P trading and we shall elaborate on them.

BENEFITS OF P2P TRADING

P2P trading has lots of benefits with includes;

Security:

All transactions are fully protected with special escrow service which is being provided and it ensures safe and fair trading by withholding funds until the moment when the transaction is completed.

Decentralization:

Transactions on P2P platforms are not affected by any restrictions including government agencies, it is completely decentralized.

Low to No trading fees:

P2P platforms either have low fees or do not charge for the transactions, meaning you can trade from other users with zero fees.

Convenient payment methods:

P2P trading offers different payments methods which local bank transfers, international transfers, gift cardsand many more.

Personalize your offer:

P2P platforms do not set the price for trading meaning that traders can personalize their offers according to their preferred price , payment method and local currency. It also allow traders to find the most competitive price too.

User rating:

P2P platforms also have the function whereby the seller is being evaluated after they complete their transaction, you can see the volume and number of transaction done, the level of trust and number of disputes. This rating allows you to choose the most reliable user.

Privacy protection:

Data about traders are not collected on P2P platforms, this allows the parties involved to maintain their privacy.

Flexible amounts:

You can use any amount to trade on P2P platforms, whether small or large amounts.