What is BitTrit P2P crypto exchange?
With BitTrit P2P Crypto Exchange you can buy and sell your favourite cryptocurrency, with over 300+ payment methods, from anywhere in the world. BitTrit guarantees the safety of the transaction, by acting as a safe escrow, until both parties have completed the trades. Check out the Marketplace and start trading in seconds!
Why and when to use a Peer to Peer crypto Exchange?
Using a peer-to-peer (P2P) crypto exchange can be likened to attending a decentralized marketplace where you can directly interact with other participants, each with their own offerings and requirements. Here are some reasons to use a P2P exchange and the situations where they might be the most beneficial:
Community Engagement: P2P crypto exchanges can foster a sense of community and mutual assistance. If you value direct interaction with other traders and like the social aspect of exchanging, P2P crypto exchanges might be for you.
Rare Coins and Tokens: Some P2P exchanges can host a wider variety of coins, including rare or lesser-known ones that aren’t available on traditional exchanges. If you’re seeking to diversify your portfolio with unique digital assets, a P2P exchange can be the place to go.
Emerging Markets Access: In some countries or regions where banking services are not as readily available, P2P exchanges might provide a more feasible way for individuals to gain exposure to cryptocurrencies.
Direct Control: P2P exchanges give you more control over your transactions. You get to set your own terms and conditions, including the price, payment method, and timing. This might be more suitable for traders who prefer to have more say in their transactions.
Mitigating Systemic Risk: Centralized exchanges are subject to system-wide failures or hacking incidents, which could potentially put your assets at risk. P2P exchanges avoid this by facilitating direct transactions between individual users.
When to use a P2P exchange? It could be when you’re looking to actively engage in the crypto community, or when you’re trying to find unique coins that aren’t available on mainstream platforms. It could also be when you value privacy and prefer to have more control over your transactions, or if you’re in a location with limited access to traditional banking or exchange services.
However, it’s important to note that while P2P exchanges offer certain advantages, they also come with their own set of challenges, such as potential for scams and slower transaction times. It’s always crucial to conduct thorough research and exercise caution when trading in P2P exchanges.
How to use a P2P Crypto Exchange
The easiest way to buy and sell any cryptocurrency is by using a peer to peer cryptocurrency exchange such as BitTrit. Here are few key points to consider:
Go through the Offers and search for your favourite cryptocurrency and payment method.
Find a reputable Buyer or Seller and check out his trading profile. Never trust anyone with your money as some traders may try to scam you.
Start a trade with the Trader by clicking the “Start Trade” button. Always make sure to have read the trade’s description and terms.
Chat with the other user but NEVER make any payment without escrow.
After the trade is completed, you shall see the cryptocurrency in your BitTrit wallet.
Thats it! You just bought your favourite cryptocurrency using a P2P Crypto Exchange! Now you can withdraw it to any external wallet.
