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Peer-to-peer (P2P) platforms are gaining popularity among those who want to buy cryptocurrencies. P2P is a network of connected devices that exchange information without centralized control. In the context of buying cryptocurrencies, P2P can mean that the buyer and seller exchange cryptocurrencies directly.
What are the advantages of buying cryptocurrency via P2P?
- Safety. Security is one of the most important components of buying cryptocurrency. P2P platforms provide enhanced circles of protection as payments are made directly between the buyer and seller. At the same time, all personal data of the buyer and seller are kept secret.
- Low commissions. Commissions when P2P buying cryptocurrency are usually lower than on exchanges. Such platforms do not have a middle man (exchange) who takes a percentage of each transaction.
- Control. When buying cryptocurrency through a P2P platform, you have full control over your funds. Platforms generally encourage users to create their own wallet. This gives users full control over their cryptocurrency and personal data.
Buying cryptocurrencies through P2P platforms has advantages over exchanges and other platforms. This allows users to buy and sell cryptocurrencies securely without restrictions, while enjoying complete control and flexibility in transactions.