P2P trading is the act of buying and selling cryptocurrencies directly between users, without any third party or intermediary.
When you buy or sell cryptocurrencies using a traditional exchange, you don't get to transact directly with the counterparty. Instead, you use charts and other market aggregators to determine the optimal time to buy, sell, or hold cryptocurrencies. The exchange organizes the transaction on your behalf, and the market price determines your final price at the time of the transaction.
P2P trading gives you control over who buys your cryptocurrencies and who you buy from, the pricing, and settlement time. While P2P trading gives users finer control over the process, it is vital to note that peer-to-peer transactions carry some risks when there is no third party to broker the deal. This is where an exchange like Tokex P2P becomes essential for risk-conscious users.
Among the many P2P solutions offered across the crypto market, the Tokex P2P Bitcoin exchange offers several competitive features and benefits:
Zero trading fees
While traditional cryptocurrency exchanges attract a fixed fee or percentage per trade, Tokex P2P allows traders to connect and perform transactions with zero fees. Not all P2P exchanges offer this feature, so be sure to check the terms and conditions when choosing a peer-to-peer exchange.
Multiple payment methods
When you trade on traditional exchanges, you may not get as many payment options compared to P2P exchanges like Tokex. Tokex has many payment methods available, you can choose your favorite way to send or receive money for your trades either by bank transfer or WorldRemit.
Tokex has an escrow service to protect buyers and sellers. Tokex P2P has a holding mechanism for crypto funds that are involved in any pending transaction. This mechanism prevents incidents of theft or scam by adding another layer of trust, thus preventing malicious actors from stealing your money or crypto without completing their part of the trade. When opting to secure a transaction with escrow, funds are held by Tokex and only released when the terms of the deal are met by both parties involved. Tokex P2P transactions must be completed within a certain timeframe: If either party cannot meet the terms of the deal, the cryptocurrencies or fiat will be returned to your wallet.
As the official P2P channel exchange platform with higher trading volume, Tokex P2P is able to secure large volumes for both buy and sell transactions. The platform has already processed many transactions, which indicates a high level of liquidity.
P2P can set their transaction timers to as fast as 15 minutes. This means that you can complete a secure and fast P2P trade with selected merchants in 15 minutes or less.