Whitelabel P2P Crypto Exchange Insights

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Blockchain and cryptocurrency have always been associated with the concept of decentralization. However, when it comes to the cryptocurrency exchanges, the concept of decentralization needs to take a backseat. Peer-to-peer cryptocurrency exchanges, commonly abbreviated as P2P crypto exchange, present themselves as perfect solutions to this challenge. Let us learn about these P2P crypto exchanges and the benefits that they bring.
The Classic Crypto Exchange
Usually, when it comes to cryptocurrency exchanges, there is always an intermediary involved in executing the trade and transactions.
Users who wished to exchange cryptocurrency would post an order with details such as the quantity and unit price. These details would be added to a shared ledger called the order book. On the other side, users who would like to buy those listed coins would select an order that matched their commercial requirements. The trading process begins only after the buyer and seller requirements match.
This brings about a few disadvantages. Some of the most prominent ones are the disclosure of identity, excessive consumption of time, the possibility of fraud, and of course, the cost involved.
The most significant disadvantage brought about by the centralized exchanges lies in the very name! In essence, the core philosophy of blockchain being decentralized was ...


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