What is P2P Cryptocurrency Exchange ?

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What is P2P Cryptocurrency Exchange

P2P stands for “person to person”, which means “person to person” or “face to face”. In other words, P2P is a transfer of cryptocurrency directly between users, bypassing intermediaries.

The transfer of funds for such an operation is carried out with the help of special software and does not require the involvement of third parties, while for other methods the transfer is carried out using exchange services that charge for their services in the form of commission.

As in everything, the pros and cons of each type of transcation. However, P2P, in essence, embodies the idea of ​​decentralization, including those that guided the creators of Bitcoin.

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