Is P2P crypto trading profitable?

Many people believe that P2P crypto trading can be more profitable than traditional exchanges, as there is no centralized authority to dictate prices. As a result, peer-to-peer marketplaces can often offer better exchange rates and lower fees, which can help you maximize your profits when trading cryptocurrencies.

What is peer-to-peer (P2P) trading?

Peer-to-peer (P2P) trading is a type of cryptocurrency exchange method that allows traders to trade directly with one another without the need for a centralized third party to facilitate the transactions.

How do I start a P2P cryptocurrency exchange?

To initiate a P2P cryptocurrency exchange, you will first need to find a platform that suits your needs. There are several different P2P crypto trading platforms available, so it's important to compare the features and fees of each before you decide on one.

What is a P2P transaction?

P2P transactions are trades carried out directly between two users. This means that fiat currency can only be transferred between the two users if the buyer's and seller's payment method match. For example, User A has a debit card from ING Bank and is going to use the EUR deposited to Binance to buy crypto.