In the cryptosphere, Peer-to-Peer (P2P) trading is the direct exchange of cryptocurrency between two users. It’s a process that allows the parties to buy and sell crypto without the involvement of a middleman or centralized exchange.
The absence of a centralized exchange offers P2P users a great deal of privacy, security and the potential for greater profits. Without middlemen grabbing for high exchange rates or commission, users are free to trade assets as they see fit, with whomever they choose.
How Does P2P Work in Crypto?
Peer-to-peer transactions usually occur on a blockchain-based P2P exchange and utilize smart contracts to keep the trading process streamlined.
Read more about P2P here.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article