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Peer-to-peer (P2P) or decentralized exchanges are controlled and maintained exclusively by software.P2P exchanges allow the participants of this marketplace to trade directly with each other without any reliable third party to process all trades.Regular cryptocurrency exchanges are companies, which function as intermediaries between their customers and earn a profit by collecting fees.

All in all, the peer-to-peer cryptocurrency exchanges are vibrant examples of the decentralization philosophy.How are transactions conducted on P2P exchangesThe exchange software is used to mechanically connect buyers and sellers with each other, based on the conditions they prefer.First, lets sum up how a normal cryptocurrency exchange works. People looking to market Bitcoins specify the amount and the price theyd like to offer them at.

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Whenever possible, the exchange games buy and sell orders by price and procedures the trades.Now, Bitcoin transactions can take a long time - from five to ten minutes in minimum, and up to several hours. Fiat money transfers usually take even longer; in some situations, international payments might take several days to complete.

In other words, whenever a matching purchase and sell orders are found, the exchange software does not immediately process the transaction, but instead, it connects the buyer with the seller, allowing them to conduct the deal without any intermediaries.Still, third parties might be involved as arbitrators in the event of possible disputes, however no human involvement from the exchange is required by default.Here, exactly like with Bitcoin itself, the software alone is perfectly capable of matching traders with each other in a decentralized manner. .

Fast paymentWere the quickest way to purchase Bitcoin in Australia. Once our staff receives notification of your payment, your Bitcoin is sent right to your wallet address.

Buy Bitcoin Worldwide for consumer reviews on a few of the above exchanges, or Cryptoradar for comparisons based on prices, fees and features.

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