Howdy Carlos
Hope you enjoyed my yesterday email, and let's learn something new today.
"Why should I use peer-to-peer exchange instead of a centralized exchange like Binance or CoinBase?"
you asked.
Good question! Two big reasons:
security and privacy.
Depending on the exchange, there is no Know Your Customer (KYC) or Anti-Money Laundry (AML) policy. If you think buying cryptocurrency is your private business, then P2P is an excellent choice for you.
You have heard of exchanges getting hacked and hackers running off with millions of dollars (like how Bitfinex got hacked for 119,756 BTC …) When you buy off a P2P exchange, you keep the cryptocurrency in your private wallet.
What is the biggest difference between a P2P exchange and a centralized exchange?
The difference: you don't buy crypto directly off an order book, instead you buy directly from a person who has a set price. This means you can shop for the best price.
Read: Best P2P Crypto Exchanges
See you in the next email.
Ta Da!
Harsh Agrawal
Note: This newsletter is intended for educational purposes and should not be treated as financial advice.
Best P2P Crypto Exchanges - Mega list for 2021