The evolution of bitcoin has increased the innovation of new ways of trading. Investors as well as crypto traders are always cooking up new ways to ensure that their trading experience is easier, safer and more flexible.
Regular cryptocurrency exchanges
Bitcoin gained recognition and was treated as a commodity the moment Satoshi Nakamoto introduced it into the Bitcoin Market which was created a year after Bitcoin was launched. The cryptocurrency exchanges work by using order books to connect buyers and sellers. These exchange platforms bring you transaction offers in a very convenient way. You do not have to look for offers because they are made available whenever you are in need of one. All you have to do is to choose a preferable offer and the platform handles the rest acting like a middle man between buyers and sellers.
Your bank account is mostly linked to your trading account to facilitate faster and more streamlined trades.
Peer to Peer Trading
This form of trading is not so new but it is gaining more prominence over the years. Users are able to interact with real people rather than a platform’s software. Peer to Peer trading platforms only interfere when there is a dispute between the buyer and the seller.
Comparison
It is very possible to compare the regular cryptocurrency with Peer to Peer trading. You might wonder if getting a platform to serve as middlemen would not be faster than handling the trade in your own. However, that would not give you the opportunity to influence the price. Peer to Peer trading has a very flexible price that can be adjusted to suit both the buyer and the seller.
It is very possible to even buy Bitcoin with other items other than cash as long as it suits the sellers. Most of the best Peer to Peer Bitcoin exchanges make this offer available on their platform allowing multiple payment methods to choose from. These platforms also do provide an Escrow service that holds on to the crypto until the seller is paid fully.
The regular cryptocurrency exchanges when placed side by side with the Peer to Peer trading has the higher hand in speed as the platform stands as a middleman making offers easily accessible. There are some traders who would prefer not to link their bank account with their trading accounts. Peer to Peer trading provides them with an alternative where they can receive their earnings without having to do that.
Conclusion
Trading with cryptocurrencies can saddle investors and dilettantes with the decision to trade via Peer to Peer trading or on regular exchange platforms. Both have their pros and cons but it is smart to pick the method that suits you and your situation well. In countries where exchange of cryptocurrencies are heavily monitored and restricted, Peer to Peer exchanges can help give an almost seamless experience due to its focus on privacy and no third-party interference.
Click on this link https://bitcoinik.com/best-peer-to-peer-p2p-bitcoin-exchanges/ to get more information about Best peer to peer bitcoin exchange.
It is very possible to compare the regular cryptocurrency with Peer to Peer trading. You might wonder if getting a platform to serve as middlemen would not be faster than handling the trade in your own. However, that would not give you the opportunity to influence the price.