The Peer to Peer exchange is one of the old forms of exchanging Cryptocurrencies among the known parties. We can directly say it as a “person to person” mode of transaction. P2P platforms match the people who make the orders in order to carry out the process.
The features of P2P
Very Low trading charges
As most of the process is completed by the parties involved in a transaction, the exchange platform won’t put up high charges for trading.
High Security
Since there is no third party involved in the process, the exchange does not hold any funds and supports only user pairing thus making it Secured.
Increased Privacy
Unlike CEX where they will ask complete about the individual while signing up to the platform, P2P doesn’t ask any such details. No KYC authentication process is involved in P2P Exchange.
No Government intrudance
The Noninvolvement of the third party makes it free from any government intrudance.
Free to select Cryptocurrencies/ Multiple Cryptocurrency usage options
The users can exchange a wide range of cryptocurrencies among them if needed.
Transaction censorship
Even at one part of the country, the crypto transaction becomes restricted, the rest of the system remains unaffected.
Global marketplace
The exchanges may provide services globally as well as locally.
No withdrawal or Deposit limits
This gives the user to add or remove cash whenever needed
Use of Fiat currency for Buying
Unlike DEX, fiat currencies can be used to buy Cryptocurrencies and is much easy to use.
One can also develop their own P2P Exchange platform. If you are serious about developing a P2P exchange Platform either in a centralized or Decentralized way, the best method would be to developing it through a Cryptocurrency exchange platform development company. This way the launching would not be time-consuming and will be cost-effective as well. Pulsehyip is on of the leading Crypto exchange clone script Provider with the help of its experienced technicians.
Click here to read more: P2P Exchange platform development
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