Users can exchange their Bitcoin and other cryptocurrencies for their preferred money on peer-to-peer (P2P) markets and conventional cryptocurrency exchanges, respectively. Although the two platforms essentially provide comparable services, the trading experiences are fundamentally different. An automated engine is used by your typical crypto exchange to perform buy and sell transactions.
In this post, we’ve listed ten reasons why P2P exchanges are the greatest location to buy cryptocurrencies since they give you more flexibility and accuracy when converting your cryptocurrency to cash and vice versa.
Trade Chat Live
Before you finalize any transaction, have a conversation with your trading partner. Clarify the terms of payment, follow up on pending deals, or get to know your business partners.
Customize Your Offers: Posting Ads
Buyers and sellers can tailor their offers using our tool for placing ads based on their preferred pricing, payment method, and local currency. Create effective ad postings and offer appropriate trading conditions for cryptocurrency customers worldwide.
Service to customers
You can rapidly get help if you have an issue with your P2P trading counterparty by contacting someone via email. Our customer support team will intervene to resolve the conflict by serving as a mediator between the parties.
No Charges
Traditional crypto exchanges function as middlemen and take a tiny cut of every transaction. You can buy or sell Bitcoin and other well-known cryptocurrencies from other users on a P2P marketplace with no transaction fees.
Escrow Service for Security
We offer an escrow solution to guarantee honest and secure dealing. We manage the seller’s cryptocurrency as a temporary deposit once the buyer completes their order and hold it there until all parties certify the transaction was successful.
More Payment Options
In addition to local bank transfers, SEPA transfers, international transfers, online wallets, cash, and other payment options, P2P provides more than 700 different payment methods.
Local and international markets
P2P offers a genuinely worldwide trading experience with support for more than 70 local currencies, in contrast to many other P2P platforms that focus on certain areas. Despite our focus on the global market, we also work to serve local markets with multilingual customer service and support for local payment processors.
Outside Constraints
Historically, regulatory limitations have interfered with established cryptocurrency exchanges. Users are not impacted by these prohibitions because P2P markets permit interpersonal transactions.
Quick transaction times
Depending on the payment method you choose, P2P transactions might take anywhere from 20 minutes to one to three working days. Online wallet transactions are typically quick and simple, however, certain local banks may require up to three days for international Swift transfers, and it may take up to one day for some local banks to process the payment.
Variable quantity
Make a massive block trade or start small with $3 worth of cryptocurrency. Find seasoned block traders to purchase or sell your cryptocurrency if you need to place a sizable order.
FAQS:
Why is P2P essential?
It is typical for P2P lending platforms to charge greater interest rates than traditional bank loans. Peer-to-peer lenders are more ready than banks to give money to borrowers who have poor credit histories or unusual needs, which is why borrowers turn to them when they need a loan quickly.
