I decided to try P2P trading, but I'm not quite sure if I should trust this model. It's clear that you can trade without intermediaries, but are there any pitfalls? Share what you think about the pros and cons of this way of exchanging cryptocurrency?
P2P trading is convenient because it allows you to avoid exchange commissions and trade directly with users. But it is important to remember that protection here is less than on centralized platforms, and transactions may take longer. It is important to check the reputation of the partner to avoid fraud. Interestingly, I found an article that explains all the nuances. Here's the link - I recommend you to read it!
Thanks for the advice! Have you ever used P2P platforms? How do you protect yourself from scammers other than looking at user ratings? I heard some sites have transaction protection, does that work?
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