Decentralized P2P Exchange Development | Compact Insights Inside

submitted 3 years ago by anjaliyadavoodlestechnologiescom to bitcoin

Platforms like Bitstamp, Kraken, and others have successfully fulfilled user needs for trading cryptocurrencies for fiat money and vice versa. However, one downside is that centralized corporations govern these exchanges, unlike Bitcoin. It results in requiring the set up of support staff to handle all interactions of users. They also serve as arbitrators in case of conflict resolution. For that, they collect some fees. Thus, members of the Bitcoin community have decided to streamline the market by creating a new alternative. We know it as decentralized p2p (peer-to-peer) exchanges. Built with crypto exchange development services, they are not run by humans but by machines.