Peer-to-peer trading is the direct exchange of assets between two parties in an independent manner. Peer-to-peer (P2P) trades involve direct interactions among users and large-scale groups. This method has been practiced in computers (peer-to-peer file sharing), as well as with the exchange of cryptocurrencies.
How Does P2P Apply on Phemex?
On Phemex, you can trade on our P2P Crypto Marketplace–where users can both buy and sell cryptocurrencies with fiat and vice versa. What makes us different is that compared to traditional P2P marketplaces, Phemex automatically matches users to their desired buying or selling order. Thus, we eliminate the need to scroll through large amounts of users advertising what they are buying or selling. This way, our users can be connected instantly to their desired products. You can learn more on how to use our P2P Crypto Marketplace here.