What are the differences between P2P and centralized exchanges?
An example of an AI chatbot conversation about P2P vs centralized exchanges in cryptocurrency trading.
What are the differences between P2P and centralized exchanges?
P2P exchanges allow users to trade directly with each other, while centralized exchanges act as intermediaries.
Which one is safer for trading?
Centralized exchanges often have more security measures, but P2P exchanges can offer more privacy.
What are the advantages of using a P2P exchange?
P2P exchanges provide greater control over your funds, lower fees, and the ability to trade directly with others.
Are there any risks associated with P2P exchanges?
Yes, risks include potential scams, lack of customer support, and the need for due diligence when choosing trading partners.
Can you give examples of popular P2P exchanges?
Sure! Some popular P2P exchanges include LocalBitcoins, Paxful, and Bisq.
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