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What is a P2P crypto exchange?

A P2P is a decentralized exchange, meaning users have full control of their assets. These funds are usually stored in separate crypto wallets and can be accessed anytime the user wants. A P2P crypto exchange executes transactions without difficulties. Most P2P crypto exchanges are built as an extra feature on a crypto trading provider.

What are the Best P2P crypto exchanges?

Binance P2P Binance is our top pick for the best P2P crypto exchanges. Launched in early 2020, the Binance P2P has become a mainstay in the crypto space with billions of dollars worth of trade executed daily given its top spot on the crypto trading ranks.

How does a P2P bitcoin exchange work?

The P2P Bitcoin exchange will keep hold of the cryptocurrencies until the buyer makes the payment. Once they do, the buyer will mark the payment as complete. The seller will then check that the payment has been received. If it has, the seller will then confirm receipt of the funds and subsequently mark the payment as complete.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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