P2P, or peer-to-peer, is a direct exchange method that does not require an intermediary. In the field of Crypto Assets, P2P has become a popular way for users to buy and sell digital assets directly with each other while maintaining control over the transaction process.
What is P2P in Crypto Assets?
In the world of Crypto Assets, P2P refers to a trading model in which buyers and sellers connect directly, often through a platform that provides quotation, communication, and transaction settlement tools. This platform typically acts as an intermediary service, holding the cryptocurrency until both parties fulfill the terms of the transaction. This reduces the risk of fraud while providing both parties with greater flexibility in choosing payment methods and exchange rates.
How does P2P trading work?
In P2P transactions, the seller lists their Crypto Assets for sale, specifying the amount, price, and accepted payment methods. The buyer selects an offer and initiates the transaction. The platform locks the Crypto Assets in an escrow account, ensuring the seller is