Advantages of P2P platforms over centralized exchanges
In today’s world there are a large number of resources, exchanges, cryptocurrency exchanges, where you can exchange cryptocurrency for another or withdraw it to fiat funds, but everywhere there are some differences and sometimes difficulties.
Let’s take a look at the exchange options on a P2P platform and what advantages it provides to users over centralized crypto exchanges.
Cryptocurrency P2P markets, also known as peer-to-peer markets, is a platform for crypto trading, where two people (buyer and seller) interact directly with each other to buy and sell cryptocurrencies.
Unlike ordinary online exchanges, where you have to buy cryptocurrency specifically from the exchange itself, or crypto exchanges, where thousands of traders simultaneously place orders, on the peer-to-peer platform, a transaction is concluded between two specific parties. The platform acts primarily as an information resource that allows sellers and buyers to find each other by placing their own offers for buying and selling or using existing offers.
Centralized cryptocurrency exchanges usually work with a limited list of currencies and payment systems. While on P2P platforms, there are thousands of sellers, who are ready to accept a variety of payment methods. There are cards and transfers from all leading banks, electronic payment systems (Revolut, Skrill, WebMoney, Yandex.Money), Western Union transfers, Bank transfers and cards, as well as many other options. So the P2P platform is a universal option to exchange your local currency for Bitcoins or other Cryptocurrency as a long-term investment or for subsequent transfer to a crypto exchange that does not work with your local currency.
The second fundamental advantage of P2P platforms is that they are primarily international information platforms, not trading platforms. The crypto exchange is launched by a certain company which is registered in a certain country, and in case of pressure from the authorities, it can be closed, which there are many examples in the cryptocurrency history. In this case, P2P service becomes salvation, where people find each other and conclude trades with each other, and not through an intermediary party. Governments often block bank accounts linked to centralized exchanges. But they would find it difficult to do this on the P2P trading platforms, because all payments are made directly between users, and not through the platform. The platform is just there to support the traders.
The P2P platform Vertex.Market is focused on increasing the freedom of funds, and the main way to achieve this goal is to simplify access to cryptocurrency payments for ordinary citizens of any country. People should not only have access to cryptocurrency, but also be able to trade various digital assets using payment methods that are convenient for them. For this, the Vertex.Market platform was created, an open, peer-to-peer platform for crypto-fiat trading.
There are some other advantages that are available on the Vertex.Market platform:
- Uploading trade offers are free.
- A large number of fiat currencies are supported, the company operates in more than 190 countries using the most popular 25 payment systems.
- The seller pays a commission of only 0.5% of the transaction amount.
- The buyer pays in a convenient way. Sellers on Vertex.Market accept electronic money, transfers from banks and bank cards.
More info: https://vertex.market/blog/advantages-of-P2P-over-centralized-en