What is a peer-to-peer (P2P) crypto exchange?

Peer-to-peer (P2P) crypto exchanges are platforms that allow crypto-market participants to trade with each other directly. This means transactions are done exclusively between the buyer and the seller, with minimal to zero involvement from any third-party intermediary. How Does a P2P Exchange Work?

How does a P2P cryptocurrency exchange work?

In turn, the P2P Bitcoin exchange will then release the cryptocurrencies from its escrow wallet and into the account of the buyer. The buyer can then proceed to withdraw the cryptocurrencies from the P2P Bitcoin exchange and into their chosen wallet address. Still wondering whether or not P2P exchanges offer the best way to buy crypto online?

Which crypto exchange platform has the largest number of participants?

1. Binance P2P Binance P2P is the largest P2P crypto exchange platform. This is because it has the highest number of participants, the largest volume of P2P exchanges, and the greatest number of crypto pairs and supports the biggest number of fiat currencies.