Questions tagged [traditional crypto exchanges]

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Bianca Bianca Sun Jul 07 2024 | 6 answers 1348

Why is P2P a good alternative to traditional crypto exchanges?

Could you elaborate on why Peer-to-Peer (P2P) platforms are often viewed as a favorable alternative to traditional cryptocurrency exchanges? Do they offer greater security? Lower transaction fees? Faster transaction speeds? Or is it the decentralized nature of P2P that makes it appealing? I'm curious to understand the key advantages that P2P platforms possess over centralized exchanges, especially in today's crypto landscape. Could you also discuss any potential downsides or limitations of P2P trading that investors should be aware of?

Why is P2P a good alternative to traditional crypto exchanges?

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