What is peer to peer in the cryptocurrency market?

[WhiteHouse]

Peer to peer (P2P) is a sort of trading which we can straightforwardly sell or purchase Cryptocurrencies from the merchant. For this situation, there's no contribution of a third individual for the exchanges and consequently their is no additional charge. Notwithstanding, the platform wherein you are exchanging may cut a little segment of the profit. With this method of selling or buying, you may not sell or purchase crypto coins dependent on market price however you can sell it as per your own set value, you may make it less expensive so it is purchased quick, though you can get it less expensive so to sell higher. Consequently this is a truly productive plan of action. Anyway you must be cognizant.

The benefit of Peer-to-Peer:

• Transaction Censorship
• Lower charges
• Privacy
• Security

 

[Royalty]

peer-to-peer (P2P) In financial technology, the term peer-to-peer usually refers to the exchange of cryptocurrencies or digital assets via a distributed network. A P2P platform allows buyers and sellers to execute trades without the need for intermediaries.

 

[Natedini]

A peer-to-peer exchange is a type of cryptocurrency exchange where you trade directly with other individuals. This means that if you want to buy a particular unit of a given cryptocurrency, you’d have to link up with another individual on the peer-to-peer exchange who has the units available for sale.

The peer-to-peer exchange acts as an escrow to up the level of safety. They hold the cryptocurrency until the seller confirms that they have received payment before releasing it to the buyer.

Imagine this situation in your head and try to see if there are gaps that make one vulnerable to scams. You got that right. People. People could be selfish, especially when it comes to money. So, trading directly with people who you do not know means that you would be a little vulnerable especially if you are the buyer in this situation. You may want to ask yourself the question - what if you actually pay for the cryptocurrency and the seller refuses to confirm the payment?

 

[Olahab]

BitcoinGlobal is a peer-to-peer (P2P) cryptocurrency trading platform that brings together traders from all over the world to buy and sell cryptocurrency directly with each other, without intermediaries. The advantage of having these two cryptocurrencies is obvious.

 

[KENDRA2020]

relating to, using, or being a network by which computers operated by individuals can share information and resources directly without relying on a dedicated central server (see server sense 6) In peer-to-peer computing, every client can be a server

 

[Irfanali]

In the context of currencies, P2 prefers the exchange of currencies that are not created by the central banking authority, and in particular the joint application with cryptocurrency exchange networks such as bitcoin. ... Virtual currencies are transferred electronically between the parties.

 

[Youngdee]

A peer to peer cryptocurrency exchange is a process where the transaction is done between two individuals and this procedure is very good and easy because the other participant pays once they get the bitcoin without the government knowing what the transaction type is. Though this kind of transaction might aid scam but it very good.

 

[idhans]

Peer to peer (P2P) is a sort of trading which we can straightforwardly sell or purchase Cryptocurrencies from the merchant. For this situation, there's no contribution of a third individual for the exchanges and consequently their is no additional charge. Notwithstanding, the platform wherein you are exchanging may cut a little segment of the profit. With this method of selling or buying, you may not sell or purchase crypto coins dependent on market price however you can sell it as per your own set value, you may make it less expensive so it is purchased quick, though you can get it less expensive so to sell higher. Consequently this is a truly productive plan of action. Anyway you must be cognizant.

The benefit of Peer-to-Peer:

• Transaction Censorship
• Lower charges
• Privacy
• Security

A peer to peer exchange is a person to person feature in most cryptocurrency exchanges that allows you to buy or sell your cryptocurrencies to a fellow investor. This is was how most of the transactions started in cryptocurrency before banks, and others came on board.

 

[Jlife]

since the Central Bank of my country has banned the use of cryptocurrency and the transaction of cryptocurrency to local banks now all cryptocurrency investors now rely on peer-to-peer form of transaction to sell their cryptocurrency for local currency.

 

[Shivay]

P2P is person to person trading without any interpretation and intereption , When we send cryptocurrencies it is peer to peer transaction but when we trade it in spot or funding account then it is called Market trading account instaed of Person to person .

 

[DareIsrael]

Peer to peer is a trading or transaction type in crypto currency in which a trader can trade directly with another trader. Escrow groups used this principle to work. Some comes on the group and announces the amount of crypto available for sale. Interested buyer hits him up and P2P occurs.

 

[Jumoke12]

You have

Peer to peer (P2P) is a sort of trading which we can straightforwardly sell or purchase Cryptocurrencies from the merchant. For this situation, there's no contribution of a third individual for the exchanges and consequently their is no additional charge. Notwithstanding, the platform wherein you are exchanging may cut a little segment of the profit. With this method of selling or buying, you may not sell or purchase crypto coins dependent on market price however you can sell it as per your own set value, you may make it less expensive so it is purchased quick, though you can get it less expensive so to sell higher. Consequently this is a truly productive plan of action. Anyway you must be cognizant.

The benefit of Peer-to-Peer:

• Transaction Censorship
• Lower charges
• Privacy
• Security

you have really spoken well and that is exactly what person to person cryptocurrency trading is all about... But there are a great risk involved when dealing with such and everyone needs to understand it. The app involved us not responsible for any loss you make

 

[Halexcity]

A peer2peer exchange is platform where buyers meet sellers. And at a particular rate depending on the merchant. Its very easy and secure because all process is done through on the wallet. And it has low fee.

 

[Mawome]

Peer to peer in the crypto currency market simple means from person to person, let's take money for example hard currency I mean, if Centra bank says that money is not in circulation it simple means that money is not moving from one person to the other person, but if money is actually flowing then know that it's in circulation.

 

[Sanusi]

A peer to peer exchange is a kind of crypto currency business trading platform where by an individuals aims to sell a certain amount of crypto currency in a particular price, it can also involved buying and selling of crypto currency from an individual.

 

[Nurudeen]

The p2p short form of peer to peer simply means that it allows people to buy and sell crypto currency to themselves without having to purchase directly on any crypto currency exchange platform or pay with card

 

[Taimoor Jutt]

In the field of crypto currencies, Peer to Peer applies to the exchanging of currencies that are not generated by the central
banking authority, and
cryptocurrency exchange networks such as Bitcoin are
extremely widely utilized. Virtual
currencies are exchanged through electronic means amongst parties

 

[Sherry7788]

In the context of currencies, P2P refers to the exchange of currencies that are not created by a central banking authority, and an especially common application is with cryptocurrency exchange networks such as Bitcoin.

 

[Sheyemanu]

I would say, relating to, using, or being a network by which computers operated by individuals can share information and resources directly without relying on a dedicated central server (see server sense 6) In peer-to-peer computing, every client can be a server, so the same way with crypto too, transfer of cryptocurrency between peers

 

[Ralphjoe]

Peer to peer cryptocurrency market is a market whereby cryptocurrency are bought and sold between users with the cryptocurrency exchange platform acting as escrow to regulate the transaction. This is the way most people in Nigeria has decided to sell their cryptocurrency now that the government has banned it in the bank.