P2P exchanges allow the participants of the market to trade directly with each other without any trusted third party to process all trades.
‘Regular’ cryptocurrency exchanges are companies, which serve as intermediaries between their customers and make a profit by collecting fees. Conversely, the interactions between counterparties on peer-to-peer exchanges are directed exclusively by pre-programmed software, with no requirement for human middlemen
There a lot of shortcomings linked to the cryptocurrencies trading. Some of which are
Lower Liquidity: The cryptocurrencies are new to this world. Plenty of risk instruments affect the liquidity of P2P currencies. Cryptocurrencies are generally news or event-driven and rates may immediately fall, unlike products in general trading. This makes the currencies volatile and people start considering them as non-liquid entities.
Execution Risk: As mentioned earlier, this is the point where decentralized system lags. An intermediary body allows you know your position in trade but P2P exchange doesn’t guarantee the completion of trade at the specific time.
Manual: Unlike traditional exchanges, P2P exchanges let the buyer and seller meet but leaves too much for them to conduct the trade. This makes the process less intuitive.
After all these short comings, you still want to engage in crypto exchange through That medium??
Now let me introduce you to a much safer and less commission platform where you could engage in cryptocurrency with so much optimism and without any glimpse of fear and with that I introduce you to STREAMITY STEAMDESK SMART CONTRACT, a platform where u trade with ease, a platform where you don't need any form of trust before a trade can be effected, a platform where you incur lesser cost as a result of lesser commission, a platform where in all of the short comings of P2P crypto exchange is strengthen.. Now below are what you need to know about streamity And its superb features..
Streamity's StreamDesk is one of the best and safest decentralized platforms as well as the first platform ever for crуptоcurrеncy exchanges to any currency. The Streamdesk enables its users to perform trades without intermediaries, and also reassures fair deals and high security due to its architecture of smart-contracts and the top-noouh API of payment systems.
It covers for most of the short comings of P2P crypto exchange. What it does is that it eliminates the avenue where they have to be trust before an exchange Can be effected and therefore eliminates risk..
This it does by blocking the sellers cryptocurrency within a smart contracts. In other words as the fiats is released to the sellers accounts, the smart contract releases the cryptocurrency to the buyers account with a reduced commission as compared to that of P2P crypto exchange.
Streamity will help mass for the adoption of cryptocurrency owing to the fact that since Streamity steamdesk smart contract allows for reduced risk involved in crypto exchange, persons will be persuaded and encouraged to engage in exchange without fear of being dumped.. And reduced commission Is also a factor that encourages for mass adoption of cryptocurrency as This Will lead to lesser costs.
The ability to use Fiat Money on such platform as Streamity steamdesk smart contract will lessen the barrier of entry because there are still a lots of people who prefer the centralised systems and also probably do not have any cryptocurrency wallet. So permitting the usage of Fiat Currency on such platform will seem appealing to many people, and this features- together with the others such as low commission,l,high security,etc- will inevitably attract them to the platform to perform transactions.
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