Regarding cryptocurrency, finding a good, safe crypto trading platform is difficult, but Kucoin overcomes this issue. Kucoin is a crypto trading platform that offers not only centralized third-party exchange systems but also a peer-to-peer trading system for its users. Its sophisticated security system, and the team makes Kucoin an excellent choice for a peer-to-peer trade.
For those who do not prefer centralized third-party trading systems and would like to opt for a more private, peer-to-peer trading option, Kucoin is an excellent choice.
There are also BTC price available on its homepage for people to see quickly, which are 20756 US Dollars as of now for one coin.
What Is P2P?
P2P stands for peer to peer. This is a trading system where the major third party is not included, so it means no extra transaction fees.
How Does P2P Work?
An analogy for P2P is like craigslist or Facebook marketplace. You put up an ad, others can tell you their offers, and you can choose the most suitable one and sell the product to them. In crypto P2P trading, you set up an ad for your coins, and amount of cash, along with the cryptocurrency prices for each currency, and how you would like to continue with that transaction. Say you can choose to sell your coin on payeer or the cash app, and the buyer will wire the money to you using those apps and send them the coins.
Why Should I Use P2P?
There are many reasons; for starters, platforms like Kucoin offer P2P with ratings. A trader with good ratings means they are trustworthy. There are multiple ways for transactions. The transactions are also secure, using encryption or two-factor authorization facilities to offer extra protection for the transaction. You can also get some advice and insight on the trading scene when talking with people. Your ads can be customized, unlike a centralized third-party trading system.
One of the best pros is that there are no transaction fees on peer-to-peer trading. The price and amount of coins you want to sell or buy are also customizable, unlike centralized exchange systems. Not only this, but the transaction speed is also much faster usually, especially when using credit or debit cards, which carry transactions immediately, unlike bank transfers. Peer-to-peer trading is also suitable for those living in countries with stricter laws regarding cryptocurrencies, as peer-to-peer has no central authority.
Where Can I Start P2P Trading?
A great place to start for people getting into P2P trading is Kucoin. Kucoin offers robust security for its users, accounts, and assets to ensure stress-free transactions. Furthermore, Kucoin does not charge fees for the peer-to-peer transactions carried out through its platform. Once you make an inventory, their P2P services will be available to you instantly.