What is peer to peer in the cryptocurrency market?

[Alexandoy]

Based on the posts in this thread my understanding of peer to peer exchange is by exchanging my crypto with another person for maybe fiat currency or another type of crypto. An example is changing my Bitcoin with someone who holds Eth. Am I right on my assumption? That is person to person.

 

[GIFTMICHAEL]

I'm simply enjoying the benefit around peer to peer Cryptocurrency st the moment. Had it not been for P2P method it wouldn't have been easy for me to do Cryptocurrency transactions anymore.

 

[Shigobad2020]

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 is a situation in which you can trade directly with the other person while buying and selling your crypto currency and peer to peer has it advantages , it has a lower charge and exchange rate in my own opinion, and you will be given your privacy too.

 

[Senator]

Peer to peer in the cryptocurrency exchange platforms means person to person exchange in the platforms. Meaning transactions take place between two persons for the buying and selling of the digital asset while the exchange serves as the escrow

 

[Nomad]

Binance is a peer to peer trading platform, on Binance you can sell your crypto currencies directly to other users instead of sell on the platform. You can also buy from other users instead of the platform itself

 

[Kingstone]

And the way it is right now, Nigeria is ranked second-largest peer-to-peer trading. Only the united states have more. Despite the ban, we are going to continue to trade whether they like it or not.

 

[mcjerry]

If not for peer-to-peer exchange please my fellow Nigeria how are will going to buy and sell our coin. It is because of them that we still use crypto currency. Just that it is costly compare to luno

 

[Niftyyem]

If not for peer-to-peer exchange please my fellow Nigeria how are will going to buy and sell our coin. It is because of them that we still use crypto currency. Just that it is costly compare to luno

Yeah! Thanks to p2p, we are able to do business as usual with Cryptos but I must empathize with the many people who got scammed trying to use all those p2p services with escrows on Telegram. Gosh! The scamming then was outta this world.

 

[mcjerry]

Yeah! Thanks to p2p, we are able to do business as usual with Cryptos but I must empathize with the many people who got scammed trying to use all those p2p services with escrows on Telegram. Gosh! The scamming then was outta this world.

I was about to sell my bitcoin with one of the service on telegram before I now give my self second thought that they might be scam. There lots of scam activities going on on telegram. I prefer localbitcoin and binance for peer-to-peer exchange

 

[Yusuf]

Peer to peer in the cryptocurrency exchange Business is just a feature that allows you to buy usdt from a member of a platform without having to pay directly to the crypto currency exchange platform but the seller

 

[Niftyyem]

I was about to sell my bitcoin with one of the service on telegram before I now give my self second thought that they might be scam. There lots of scam activities going on on telegram. I prefer localbitcoin and binance for peer-to-peer exchange

I almost fell victim too but was lucky to catch one person ranting and cursing about being duped on the channel before he was removed. I went ahead and sent him a message and got all the awareness I needed. Those channels have thousands of members and lots of evidences that you would believe at first sight.

 

[mcjerry]

I almost fell victim too but was lucky to catch one person ranting and cursing about being duped on the channel before he was removed. I went ahead and sent him a message and got all the awareness I needed. Those channels have thousands of members and lots of evidences that you would believe at first sight.

I read about your post that you are buying biznote to naira. How is that. Are you still buying biznote and send to our bank account because I would want to sell some biznote to you by Monday

 

[Thinker009]

It involves transaction between two people , but am not sure if it have so much security attached because most times there are scams and other illegal activities that takes place , if it's not done well

 

[Josemendez]

Peer to peer trading has been very helpful to many people who are not able to withdraw from exchanges directly .platform like Binance offers the best peer to peer trading

 

[greenie]

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.