When I first entered the cryptocurrency world, I was very worried about how to do the transactions. I went to various Facebook groups for transactions and messaged. The price was fixed even if I got it in a few minutes. I paid according to the seller's choice.Seller blocked from Facebook after payment. I can discuss after a while. I first learned about P2P in the wake of losing my first investment in life. Hope those who renew will not be scammed again. Lessons learned from cheating are revealed to you.
What's p2p:
First of all, P2P is the process of performing cryptocurrency transactions directly between two people without middlemen and third party intervention. It allows you to determine your best price.
Advantages of P2P:
Its main advantage is that two people can decide the payment method according to their own convenience. Here the cost is also reduced. Work step by step as per the diagram below:
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2.
3.
4.
Disadvantages P2P:
Behind every advantage there must be some disadvantages also Such as:-
Low liquidity:
p2p typically has less liquidity than centralized exchanges, so you may not always get the order matching you need.
Scams Risks:
For P2P there is no third party involved, there is a pleasant risk. There is also a risk of being cheated. By creating using fake profile, can attract with false information. So before transaction should verify complete information of the seller. It is better to see the opinions related to previous transactions.
I used Binance Exchanger, almost all exchange rules are same.
What's p2p:
First of all, P2P is the process of performing cryptocurrency transactions directly between two people without middlemen and third party intervention. It allows you to determine your best price.
Advantages of P2P:
Its main advantage is that two people can decide the payment method according to their own convenience. Here the cost is also reduced. Work step by step as per the diagram below:
Image bb
1.
2.
3.
4.
Disadvantages P2P:
Behind every advantage there must be some disadvantages also Such as:-
Low liquidity:
p2p typically has less liquidity than centralized exchanges, so you may not always get the order matching you need.
Scams Risks:
For P2P there is no third party involved, there is a pleasant risk. There is also a risk of being cheated. By creating using fake profile, can attract with false information. So before transaction should verify complete information of the seller. It is better to see the opinions related to previous transactions.
I used Binance Exchanger, almost all exchange rules are same.