Here is how a decentralized P2P exchange differs from a centralized counterpart.
Lack of access to proper cryptocurrency services is the reason behind the slower adoption of cryptocurrency worldwide. Not all cryptocurrency exchanges make trades easy as Originex P2P trading does. There are many centralized exchanges that charge a huge transaction fee making crypto unaffordable for people of all financial climates.
Originex P2P vs. Centralized Exchange
Originex is a truly decentralized peer-to-peer cryptocurrency exchange that matches orders using a smart algorithm. Originex P2P does not require any third party for identity verification and authorization, thus enhancing the user’s privacy. To protect privacy, Originex offers a multitude of payment options including fiat and other forms of exchange. However, not all cryptocurrency exchanges are 100% P2P and decentralized. Those centralized counterparts are subjected to local regulations that restrict people from having a seamless trading experience.
The centralized exchanges subjected to regulations are asked to collect the user’s information by the government of that particular nation. This includes the transaction details and other personal information, resulting in an erosion of the privacy for which cryptocurrencies are aiming.
Originex P2P trading engine allows individuals to transfer assets and conduct business transactions without being interrupted or monitored by anyone.
Advantages of Originex P2P over CEX
Originex supports the adoption of cryptocurrency
Originex with its safe trading systems encourages everyone to use cryptocurrency transactions either for business or personal activities, fueling the mass adoption of cryptocurrency. As more and more people are turning away from centralized exchanges towards P2P, the acceptance and adoption of cryptocurrencies will grow.