What is P2P trading? How does it work?
P2P trading, or person-to-person trading, is one of the most popular ways to buy, sell, and trade cryptocurrencies. P2P trading also aligns with the idea of Bitcoin creator Satoshi Nakamoto that Bitcoin is an electronic cash system between people. It originally allowed for trading directly with another party without using centralized exchanges, so buyers and sellers could trade through any payment method they agreed upon. P2P trading quickly became a popular way to trade cryptocurrencies due to the lack of trading options in the early days of cryptocurrencies.
However, older forms of P2P trading also came with risks, as trading in person and online sometimes led to theft, threats, and scams, so Binance launched the Binance P2P platform with the aim of making these trades safer for new traders.
