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Binance Academy
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What Is P2P Trading And How Do People Use It?
In brief
Peer-to-peer (P2P) trading is the direct buying and selling of cryptocurrency between users without intermediaries. P2P exchanges connect buyers and sellers and provide a layer of protection through escrow services, feedback/rating systems, and dispute resolution.
Advantages of P2P trading include global accessibility, multiple payment options, zero transaction fees, and personalized offers. However, P2P also has disadvantages, such as slow transaction speed and lower liquidity compared to centralized exchanges (CEX).
Peer-to-peer (P2P) trading is the direct buying and selling of cryptocurrency between users without intermediaries. P2P exchanges connect buyers and sellers and provide a layer of protection through escrow services, feedback/rating systems, and dispute resolution.
Advantages of P2P trading include global accessibility, multiple payment options, zero transaction fees, and personalized offers. However, P2P also has disadvantages, such as slow transaction speed and lower liquidity compared to centralized exchanges (CEX).
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.