This is the second primary feature of the platform where the aim is to provide users with an ecosystem where they can directly exchange cryptocurrencies with each other in a decentralized p2p marketplace.No third entity will be interfering with the functioning of this decentralized p2p marketplace as it will be directly controlled and maintained by a Blockchain backed software tech. Hence, the current intermediary-based market is disrupted by and all the requirements of human middlemen are done away with.

Operational Workflow

The system will be automatically able to connect the buyers with sellers based on the terms they prefer.

Seller logs into the system

Transfers funds to his/her Wallet

Posts a Sell Order

Sell Order goes live

Buyer checks out the range of available Sell Orders

Buyer and Seller Are Matched

Buyer and Seller negotiate the most optimum price

Buyer meets the demand and transfers the funds

Trade is completed

Seller receives funds in his/her Wallet

Advantages of P2P Exchange

Decentralized P2P exchanges are the future of crypto exchanges as they disrupt the ecosystem and have a lot of advantages over traditional exchanges. Some of them are:

High resistance to transaction censorship. Users can use the ecosystem as an independent entity with no governing authority whatsoever. They govern themselves with minimal friction from the ecosystem.

P2P Exchanges are cheap to use as they have the potential to offer much better rates than traditional exchanges. This is made possible by negligible or low transaction fees and the ability for users to post their own rates, without a third party governing the prices.

P2P exchanges are private and extremely secure networks. No third party has access to your data and hence, it cannot be misused at all.

Since P2P exchanges are decentralized, there is a no single point of error or failure. Authority is distributed equally to all the members of the ecosystem.

Btccredit is aimed to build great infrastructure projetcs for the crypto space. to know more about us or ask something specific, Contact us here: