Despite the variety of modern methods for purchasing cryptocurrencies, cryptocurrency exchanges remain the simplest and most understandable solution. As an alternative, P2P platforms can be considered, where the purchase of cryptocurrencies takes place directly between users. Such an option is implemented and available for use on WhiteBIT, the largest European cryptocurrency exchange.
P2P exchanges are places where you can exchange cryptocurrency and withdraw the received amount to a bank account or card. This is one of the most popular methods of exchanging crypto-assets for fiat in the cryptocurrency market. There are no significant differences between modern platforms, except for the list of digital coins that exchanges work with. It is also important to pay attention to the user identity verification process. In P2P trading, similar to exchanges in general, the rule applies: the higher the amount, the more complex the verification procedure. There are cases where clients are not verified without documents confirming their income.
P2P exchanges are places where you can exchange cryptocurrency and withdraw the received amount to a bank account or card. This is one of the most popular methods of exchanging crypto-assets for fiat in the cryptocurrency market. There are no significant differences between modern platforms, except for the list of digital coins that exchanges work with. It is also important to pay attention to the user identity verification process. In P2P trading, similar to exchanges in general, the rule applies: the higher the amount, the more complex the verification procedure. There are cases where clients are not verified without documents confirming their income.