How can you find the best P2P platform?
Compared to normal crypto exchanges, P2P platforms strongly depend on the country and the offers. Here it is worth looking for the best offers on several platforms at the same time, similar to looking for a rental property by searching on several real estate platforms.
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4 Steps How We Find The Best Providers For You:
1. We Collect
The data represented on our website are fact-based and collected from trusted, verified sources only. In this way we make sure that the user’s decision is based on real facts.
2. We Analyze
In the next step we analyze many different providers in order to summarize the best and most important ones for our users. We write an in-depth review about every provider to show the most important features and pros and cons.
3. We Score
In order for you to help you easily decide which provider is the best, each provider is represented with a score. However, please always check the facts and figures yourself.
4. You Choose
When the gathered data is aggregated, analyzed and put into a comprehensive review, it’s your time to browse it and choose the best provider according to your preferences.
FAQ
What if one person doesn’t pay?
To ensure that both parties meet their obligations, there is the possibility of an escrow service. If a payment from one party doesn’t arrive, both parties can raise a payment dispute. This allows an arbitrator to verify evidence, and send the crypto assets back to its rightful owner.
How does escrow work?
Escrow means that a third party holds the assets for two parties until the transaction of the two is complete. All crypto assets are moved from the user’s wallet to the escrow wallet and are only released until the counterparty marks the amount as received.
What are custodial and non-custodial wallets?
Custodial wallets are wallets in which a third party controls the private keys and makes transactions for the user. In the case of non-custodial wallets, on the other hand, the user himself controls the private keys to the wallet.
P2P vs. Crypto exchanges, what is better?
That depends a lot on the use case. If you already have money on a crypto exchange, this is faster and cheaper. If this is not the case, or if you need Bitcoins or cash in a foreign country, for example, P2P is definitely more suitable.