A P2P (peer-to-peer) crypto exchange, like Paxful, is a decentralized platform that permits users to buy and sell cryptocurrencies directly with each other. Unlike conventional exchanges, P2P platforms eradicate the requirements for intermediates, providing a more direct and personalized trading experience.
On a P2P crypto exchange with Paxful Clone script, users can create listings to sell their cryptocurrencies at their chosen prices and payment methods. Other users can then browse these listings and select the one that best suits their preferences. The platform acts as a Bitcoin escrow script service, holding the cryptocurrency in a secure wallet until both parties have fulfilled their obligations in the trade.
One of the key advantages of P2P exchanges is their versatility in payment options. Paxful, for instance, supports various payment methods, including bank transfers, digital wallets, gift cards, and even cash payments, making it accessible to users from different regions with diverse banking systems.