{"id":"peer-to-peer-trading-p2p","title":"Peer to Peer Trading (P2P)","content":"**Peer-to-peer** (P2P) trading refers to a decentralized network architecture where users interact directly with each other without the need for a third party. In [crypto](https://iq.wiki/wiki/cryptocurrency), P2P systems enable the direct exchange of digital assets, such as [Bitcoin](https://iq.wiki/wiki/bitcoin-btc), [Ethereum](https://iq.wiki/wiki/ethereum), and other altcoins, between users, eliminating the need for traditional financial institutions as intermediaries. [\\[1\\]](#cite-id-rtf731twi5f)\\\n$$widget0 [YOUTUBE@VID](s-Fs_Ucy_EU)$$\n\n# Technology\n\n[Cryptocurrencies](https://iq.wiki/wiki/cryptocurrency), like [Bitcoin](https://iq.wiki/wiki/bitcoin-btc), [IQ](https://iq.wiki/wiki/iq), etc. utilize P2P networks to facilitate transactions. Instead of relying on a central bank or clearinghouse, cryptocurrencies employ decentralized ledger systems, such as [blockchain](https://iq.wiki/wiki/blockchain), to record and validate transactions. P2P networks ensure that all participants have equal access and control over the cryptocurrency network, preventing any single entity from having control or authority over the entire system. [\\[1\\]](#cite-id-rtf731twi5f)[\\[2\\]](#cite-id-uakv36nrsm)\n\n# P2P Crypto Exchanges\n\nPeer-to-peer (P2P) crypto exchanges are platforms that allow crypto-market participants to trade with each other directly. Therefore, transactions are done exclusively between the buyer and the seller, with minimal to zero involvement from any third-party intermediary. [\\[2\\]](#cite-id-uakv36nrsm)\\\nExamples:\n\n* [Binance](https://iq.wiki/wiki/binance)\n* [OKX](https://iq.wiki/wiki/okx)\n* [PancakeSwap](https://iq.wiki/wiki/pancakeswap)\n* [Huobi](https://iq.wiki/wiki/huobi)\n* Bybit\n* LocalBitcoins\n* DeFiSwap","summary":"Peer-to-peer trading (P2P) is a decentralized system that allows direct asset exchange between users without any intermediaries, common in cryptocurrency transa...","images":[{"id":"QmZTssmv2MMVW1xTupwa9o4Su5iaLtCcyFA91q8ygJPKpk","type":"image/jpeg, image/png"}],"categories":[{"id":"glossary","title":"glossary"}],"tags":[],"media":[{"id":"https://www.youtube.com/watch?v=s-Fs_Ucy_EU","size":"0","name":"s-Fs_Ucy_EU","type":null,"source":"YOUTUBE"}],"metadata":[{"id":"references","value":"[{\"id\":\"rtf731twi5f\",\"url\":\"https://coinmarketcap.com/alexandria/glossary/p2p-trading\",\"description\":\"cmc - p2p trading\",\"timestamp\":1688317477182},{\"id\":\"uakv36nrsm\",\"url\":\"https://www.binance.com/en/blog/p2p/intro-to-peertopeer-trading-what-is-p2p-trading-and-how-does-a-local-bitcoin-exchange-work-421499824684901839\",\"description\":\"binance blog - p2p trading\",\"timestamp\":1688317500892}]"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmWuj51Rpe9JxQMgHwH6qeV2hwifQMSRMA158cc2bgdZRE\""},{"id":"commit-message","value":"\"Removed profile and cryptocurrency content; added glossary tag\""},{"id":"previous_cid","value":"QmWuj51Rpe9JxQMgHwH6qeV2hwifQMSRMA158cc2bgdZRE"}],"events":[],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb"},"operator":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"language":"en","version":1,"linkedWikis":{"blockchains":[],"founders":[],"speakers":[]},"recentActivity":"{\"items\":[{\"id\":\"d8bbc97f-6f4f-4839-96f7-a523e3c6dba5\",\"title\":\"Peer to Peer Trading (P2P)\",\"description\":\"Peer-to-peer trading (P2P) is a decentralized system that allows direct asset exchange between users without any intermediaries, common in cryptocurrency transa...\",\"timestamp\":\"2026-06-03T03:11:43.754Z\",\"category\":\"glossary\",\"status\":{\"icon\":\"RiGlobalLine\",\"label\":\"Wiki Updated\",\"iconClassName\":\"text-green-500\"},\"user\":{\"name\":\"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb\",\"address\":\"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138\"},\"button\":{\"label\":\"View Summary\",\"icon\":\"RiFileTextLine\"},\"summarySections\":[{\"title\":\"Categories\",\"subtitle\":\"Category items were changed (one removed, one added)\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Removed category with id \\\"cryptocurrencies\\\", title \\\"Cryptocurrencies\\\"\",\"Added category with id \\\"glossary\\\", title \\\"glossary\\\"\"]},{\"title\":\"Tags\",\"subtitle\":\"Tags were updated (tag removed; tags array is now empty)\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Removed tag with id \\\"Glossary\\\"\",\"Tags array is now empty\"]},{\"title\":\"Metadata\",\"subtitle\":\"New metadata fields were added\",\"variant\":\"added\",\"changeCount\":4,\"changes\":[\"Added metadata \\\"words-changed\\\" with value \\\"20\\\"\",\"Added metadata \\\"percent-changed\\\" with value \\\"17.81\\\"\",\"Added metadata \\\"blocks-changed\\\" with value \\\"content, tags, events\\\"\",\"Added metadata \\\"wiki-score\\\" with value \\\"44\\\"\"]}]}]}"}