How does peer to peer crypto buying work?

3 answers

• Dec 25, 2021 · 3 years ago
  Peer to peer crypto buying is a decentralized method of purchasing cryptocurrencies directly from other individuals, without the need for intermediaries like exchanges. It involves connecting buyers and sellers through a platform or marketplace, where they can negotiate and agree on the terms of the transaction. This method offers more privacy and control over the buying process, as well as the potential for better prices compared to traditional exchanges.
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• Dec 25, 2021 · 3 years ago
  When you buy crypto peer to peer, you're essentially engaging in a direct transaction with another individual. This means that you can negotiate the price, payment method, and other terms directly with the seller. It's important to exercise caution and conduct thorough research when engaging in peer to peer transactions to ensure the safety of your funds and protect yourself from potential scams.
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• Dec 25, 2021 · 3 years ago
  At BYDFi, we offer a peer to peer crypto buying feature that allows users to connect with other individuals who are interested in buying or selling cryptocurrencies. Through our platform, users can create listings, browse available offers, and communicate with potential buyers or sellers. BYDFi acts as a facilitator, providing a secure environment for users to conduct their transactions. It's important to note that peer to peer transactions carry some level of risk, so it's crucial to follow best practices and exercise caution when engaging in this type of buying.
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