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

All in all, the peer reviewed cryptocurrency exchanges are vivid examples of this decentralization philosophy.How are trades performed on P2P exchangesThe exchange software is used to automatically connect buyers and sellers with each other, based on the terms they prefer.First, lets sum up how a regular cryptocurrency exchange functions. People looking to market Bitcoins specify the amount and the find price theyd like to offer them at.

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Whenever possible, the exchange matches buy and sell orders by price and processes that the trades.Now, Bitcoin transactions can have a long time - from five to ten minutes at the least, and up to several hours. Fiat money transfers usually take even longer; in some cases, international payments might take several days to finish.

That is, whenever a matching purchase and sell orders are found, the exchange program does not immediately process the transaction, but instead, it connects the purchaser with the vendor, allowing them to conduct the deal without any intermediaries.Still, third parties may be involved as arbitrators in case of possible disputes, however no human involvement from the exchange is called for by default.Here, just like with Bitcoin itself, the software alone is perfectly capable of matching traders together with every 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 speech.

Purchase Bitcoin Worldwide for consumer reviews on some of the above exchanges, or Cryptoradar for comparisons based on costs, fees and features.

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