In simple words, a peer-to-peer (P2P) cryptocurrency exchange is a platform where a user can directly exchange cryptocurrency with another user. Unlike the centralized or decentralized exchanges, a P2P exchange allows traders to pick with whom they wish to trade. These platforms enable you to browse through a seller’s list and choose the one that offers the most appropriate payment method without giving up the custody of assets. In contrast to a centralized exchange, a P2P crypto exchange has no single point of failure. Operating a P2P e xchange is pretty simple. A user must register to the site using an email address and does not require identity verification. The users post their buy and sell offers on the platform. Each of these offers is customizable. It means that the user can set a different rate, different methods of payment acceptance, and set the minimum/maximum buy/sell amount. How does a transaction happen on a P2P exchange? Once a user initiates a transaction on a peer...