Are you a novice crypto trader exploring the distinct colours of cryptocurrency exchange platforms? By now, you’d have identified the transaction charges incurred by different centralized and decentralized crypto exchanges. If you’re a busy crypto trader performing arbitrage, market making, day trading all through the day with small profit rates, then transaction charges matter a lot! To negotiate transaction fees to a greater extent, you can explore P2P crypto exchanges!
New to P2P crypto exchanges? Here comes the gist of P2P cryptocurrency exchange platform and process flow of the trading platform!
P2P transactions were first accepted in 1999 through file transfers. Later, the concept was enforced in blockchain and crypto transactions.
A P2P crypto exchange platform is the decentralized channel at which the peers performing transactions can directly connect and proceed with trade deals. The trading peers in the P2P platform require just the internet connectivity to perform trading of crypto coins. The transactions in the P2P exchange platform are direct, and there is no intervention of third-parties, intermediaries or financial institutions.
The crypto sellers and buyers can decide their trade regulations, mode of payment, tenure, profit rates and other decisions. Once the P2P transactions are complete, the platform incurs a small number of charges. Around 0.5-1%
Here’re the top P2P cryptocurrency exchange platforms that must be explored and experimented by crypto traders!
Local Bitcoins is a leading P2P crypto exchange platform at which the traders perform transactions with fiat currencies and Bitcoins. The P2P exchange platform renders its services across 16430 countries. The local bitcoin trade platform supports all significant payment modes to perform the transactions. The P2P platform supports the trading peers with escrow accounts for enhanced security of crypto assets.
Paxful serves the purpose of cryptocurrencies and renders eminent P2P crypto exchange services to their users. The aspiring feature of Paxful exchange platform relies on the extensive payment methods. Paxful exchange platform supports credit & debit cards, bank transfers, Amazon or Google pay, PayTM and much more modes.
The user-interface of Paxful exchange platform is elegant, and the users can glide with the flow of trading. They incur the lowest transaction fees in the market space.
Remitano exchange platform supports the trade transactions of popular crypto coins. It also affords major payment modes for the transactions. The platform is simple, elegant and incurs the lowest possible charges for trade transactions. Remitano offers 24/7 customer support services and compatibility with Android, iOS devices.
StiB is the decentralized, P2P crypto exchange platform that serves across 200+ countries. The sub-divisions of StiB, which includes Legals, Reserves are allocated for legal issues and settlements. The P2P exchange platform supports crypto-to-fiat and crypto-to-crypto transactions. They have developed unique AI solutions for customer services, in addition to the human support team.
You must explore distinct cryptocurrency exchange platforms to improve your profit figures in the trade deals. You can bring up the conclusion and effective trade platform only on experimenting. Lower your transaction charges and improve your profit rates with P2P cryptocurrency exchange platforms!