How to Use Crypto P2P Trading Platforms

UTC by Andrey Sergeenkov · 3 min read
How to Use Crypto P2P Trading Platforms
Photo: Depositphotos

Users of the Bitcoin Global platform can create their own price equation formulas to maximize these price feeds accordingly. Developers, on the other hand, can automate advertisement management through the native API.

Trading Bitcoin is something that should be done without relying on middlemen. Exploring opportunities in the peer-to-peer marketplace space has many advantages over dealing with exchanges and brokers.

Several key benefits can be achieved by exploring peer-to-peer Bitcoin trading. Although this may not necessarily be the most convenient solution compared to exchanges, it is all about financial freedom. Unlocking that freedom often requires compromising a bit on convenience. 

Advantages of Peer-to-peer Trading

The first advantage of peer-to-peer Bitcoin trading is getting to know like-minded individuals. As a deal is struck between two parties directly, you get to know other people relatively quickly. Finding people with an interest in Bitcoin is not easy. Engaging in peer-to-peer trades achieves that goal easily. Whether one meets up in person, or simply chats online, it is fun to strike up a conversation about Bitcoin. 

Secondly, the option to seal a deal through one’s favorite payment method should not be ignored. Exchanges often limit users to bank transfers or payment cards. Trading peer-to-peer allows for virtually any payment method to be used, as long as both parties agree. 

The third key advantage is being able to set one’s own prices and advertisements. Unlike an exchange, there are no order books to match orders. Users are encouraged to provide competitive offers, both for buying and selling Bitcoin. Being competitive attracts more people to one’s offers, enhancing the chances of making a successful sale or purchase.

How to Keep Advertisements Relevant

Similar to any other form of online advertisement, Bitcoin buyers and sellers need to update their listings regularly. Market conditions are always shifting around, resulting in higher or lower prices during certain times. Ensuring one’s advertisement reflects these changes correctly is paramount, as there are plenty of competitors potentially posting better offers. 

One platform allowing for convenient advertisement updates is Bitcoin Global. Its key selling point is how users do not need to complete a Know-Your-Customer procedure to begin buying and selling Bitcoin. Through its recently released platform upgrade, users can update their listings with ease. Moreover, the platform sources Bitcoin price data from five different exchanges to ensure advertisements remain competitive. 

Users of the Bitcoin Global platform can create their own price equation formulas to maximize these price feeds accordingly. Developers, on the other hand, can automate advertisement management through the native API. Combined with its support for four different languages, this platform is raising the bar in the peer-to-peer trading 

Global Peer-to-peer Trading Rises

The time to use peer-to-peer Bitcoin trading platforms is now. Global volumes are on the rise once again, indicating that the demand for exposure to Bitcoin is picking up rapidly. Given the current financial concerns due to COVID-19, that shouldn’t come as too big of a surprise. A weakening US Dollar is problematic for the global monetary system, forcing people to look into alternatives during these difficult times. 

Any platform providing this functionality is bound to see an increase in user activity. Bitcoin is one of the best-performing assets year over year. Moreover, all exchanges now require users to verify their identity. Through peer-to-peer trading platforms, that is not always the case, granting traders an extra layer of privacy.

How to Use Crypto P2P Trading Platforms

Peer-to-peer Bitcoin trading is the right way to go. Users are free to choose their preferred payment methods at all times. Cryptocurrencies are designed for the free market, with no middlemen. P2P trading of Bitcoin embodies that sentiment perfectly. 

Bitcoin News, Cryptocurrency News, News
Julia Sakovich
Author: Andrey Sergeenkov

Andrey Sergeenkov is an IEO Adviser, digital entrepreneur with more than 10 years of experience, Hackernoon and BitTorrent investor. Assisted in raising more than 40 mln USD investments for more than 20 start-ups. He believes that actual usefulness is the best PR for any project.

Related Articles