Peer-to-peer (P2P) trading refers to decentralized exchange markets that allow users to buy and sell cryptocurrencies directly with one another. The trading method differs from centralized exchanges because it is less vulnerable, and no middle agent controls your funds during a trade.
When you place an order on a BTD P2P Platform, it is matched against pending orders from other users. The trades are then executed instantly, and you only pay a small network fee as compared to that charged by centralized exchanges. The advent of blockchain technology popularized the P2P trading model.
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A peer-to-peer service is a platform that directly connects parties to a transaction without the third-party intermediary. Peer-to-peer services leverage technology to overcome the transaction costs of trust, enforcement, and information asymmetries that have traditionally addressed by using trust third parties. Peer-to-peer platforms offer services such as payment processing, information about buyers and sellers, and quality assurance to their users.