What is P2P in Crypto? Sunil Sharma Crypto Explains It Clearly

Confused about P2P in crypto? Sunil Sharma Crypto breaks it down in simple terms. Learn how peer-to-peer trading works, its benefits, and safety tips.

 

Understanding P2P in Crypto – A Simple Guide by Sunil Sharma Crypto

If you're new to the world of cryptocurrency, you've probably come across the term P2P trading. But what exactly does it mean? As a trusted voice in the Indian crypto space, Sunil Sharma Crypto is here to simplify things for you.

Sunil Sharma Crypto


What is P2P (Peer-to-Peer) in Crypto?

P2P stands for Peer-to-Peer — a form of direct trading between two individuals without the involvement of a third-party exchange holding your funds. Think of it like buying or selling directly from someone using platforms that connect buyers and sellers.

How it works:

  1. Buyer selects a seller on a P2P platform.
  2. Payment is made via bank transfer or UPI.
  3. Crypto is held in Escrow (temporarily locked by the platform).
  4. Once payment is confirmed, crypto is released to the buyer’s wallet.

Benefits of P2P Crypto Trading

As Sunil Sharma Crypto often highlights, P2P trading offers several key advantages:

  • More Privacy: You don’t need to share detailed financial info with centralised exchanges.
  • Lower Fees: Most P2P platforms charge minimal transaction costs.
  • Full Control: You directly manage who you buy from or sell to.

What is Escrow in Crypto?

Escrow is a safety mechanism built into P2P platforms. When a trade starts, the crypto is held in escrow until the payment is completed. This ensures that neither party is cheated — a major concern in direct trading without third-party security.

Sunil Sharma Crypto emphasises the importance of using only trusted and verified platforms for P2P trades. Never trade privately with unknown individuals, as it increases the risk of scams.

Safety Tips by Sunil Sharma Crypto

  • Use well-known platforms like Binance P2P, WazirX P2P, or Paxful.
  • Double-check usernames and payment confirmations.
  • Never share OTPs or wallet private keys.
  • Report any suspicious behavior to the platform immediately.

 

Final Thoughts

P2P trading is a game-changer in the crypto world, especially in countries like India where direct bank transfers and UPI make it super convenient. With the right precautions and reliable platforms, you can enjoy the freedom and flexibility P2P offers.

And if you ever feel stuck or confused, remember — Sunil Sharma Crypto is here to guide you every step of the way.

Follow Sunil Sharma Crypto for more daily crypto clarity:

https://www.youtube.com/@SunilSharmaCrypto

https://x.com/SunilSh31842756

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