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Traders will register on p2p exchange and undergoes kyc verification process.
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Go to the binance registration page. How does p2p exchange work? An escrow service is an arrangement in which a trusted third party handles the exchange of goods or assets between the transacting parties, ensuring safety and fair trading. You can buy and sell cryptocurrencies with people across the globe in a few seconds. The matching engine works and matches the buyer with the right seller.
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Before knowing how does the p2p cryptocurrency exchange works, please be clear about the jargon of what is p2p exchange?!
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The trading peers can proceed with their desired price value, payment methods, and much more.
In case users want to sell their coins, list your ad, and binance will help you to sell your crypto. The cryptocurrency exchange works by designing an order for people wanting to sell crypto coins. P2p exchanges are decentralized cryptocurrency exchanges where all operations are maintained by the software. Instead of matching trades in the order book, they directly match the people that make those orders. Traders will register on p2p exchange and undergoes kyc verification process. The principle of p2p network operation is quite simple and is based on an even simpler method of data exchange. For the most part, it works just like a normal exchange for any other asset, such as stocks. But unlike traditional exchanges that have set trading hours, cryptocurrency exchanges are active 24 hours a day, 7 days a week. The p2p exchange platform does not serve as an intermediary; A p2p crypto exchange matches individuals behind buy/sell orders instead of matching the orders in the order book. Essentially, the sellers are setting their own price and what types of payments. They bring an exchange process to a level where there is no need for a third party. The trading peers can proceed with their desired price value, payment methods, and much more.
