what is p2p Trading ❓

P2P trading (peer-to-peer trading) is a method of buying and selling assets directly between users, without the need for an intermediary or third party, such as a centralized exchange or broker.

In the context of cryptocurrency, P2P trading allows users to:

Buy or sell crypto directly from/to each other.

Set their own prices and payment methods (bank transfer, PayPal, cash, etc.).

Use a platform or marketplace (like Binance P2P, LocalBitcoins, etc.) that facilitates the trade and usually provides escrow services to protect both parties.

How it works:

Buyer places an order for crypto at a listed price.

Seller gets notified and locks the crypto in escrow.

Buyer pays the seller using the agreed payment method.

Seller confirms payment, and the platform releases the crypto from escrow to the buyer.

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