Cryptocurrency Q&A
What is peer-to-peer crypto trading?
What is peer-to-peer crypto trading?
Federico
Tue Jul 16 2024
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7 answers
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Could you elaborate on what peer-to-peer crypto trading entails? I'm curious to understand the basic principles and how it differs from traditional exchange trading. In a peer-to-peer scenario, are individuals directly transacting with each other, bypassing traditional intermediaries? If so, how does this impact the security and transparency of transactions? Are there any specific platforms or tools that facilitate peer-to-peer crypto trading? And finally, what are some of the key considerations or risks that investors should be aware of when engaging in this type of trading?
7 answers
Raffaele
Thu Jul 18 2024
Instead, P2P platforms facilitate trades directly between individuals, bypassing the need for a centralized order book. This approach offers a more direct and personalized trading experience.
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Caterina
Thu Jul 18 2024
In the realm of cryptocurrency trading, peer-to-peer (P2P) methods are notably less prevalent compared to the traditional spot and futures markets.
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Martina
Thu Jul 18 2024
Unlike these traditional exchanges, P2P platforms operate in a distinct manner. The most significant difference lies in their lack of support for order-book trading, a cornerstone of conventional exchanges.
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EthereumEmpress
Wed Jul 17 2024
Additionally, BTCC also offers a wallet service, allowing users to securely store their digital assets. These comprehensive services demonstrate BTCC's commitment to providing a comprehensive trading experience for its customers.
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Michele
Wed Jul 17 2024
The role of the exchange in P2P trading is primarily as an intermediary, connecting buyers and sellers. However, the actual settlement of trades occurs off the exchange, using fiat currency.
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