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Which cryptocurrencies are commonly traded in P2P platforms?

avatarDipak TambeDec 27, 2021 · 3 years ago3 answers

In peer-to-peer (P2P) platforms, which cryptocurrencies are frequently traded? I'm interested in knowing the most popular cryptocurrencies that users trade directly with each other, without the involvement of a centralized exchange.

Which cryptocurrencies are commonly traded in P2P platforms?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    When it comes to P2P platforms, Bitcoin (BTC) is undoubtedly the most commonly traded cryptocurrency. Its widespread adoption and recognition make it a popular choice for P2P transactions. Additionally, Ethereum (ETH) is also frequently traded in P2P platforms due to its smart contract capabilities and active developer community. Other cryptocurrencies like Litecoin (LTC) and Ripple (XRP) are also commonly traded in P2P platforms, although their trading volumes may not be as high as Bitcoin and Ethereum.
  • avatarDec 27, 2021 · 3 years ago
    In P2P platforms, you'll often find Bitcoin (BTC) taking the lead as the most commonly traded cryptocurrency. Its long-standing reputation and wide acceptance make it a preferred choice for P2P transactions. Ethereum (ETH) is another popular cryptocurrency traded in P2P platforms, thanks to its programmable smart contracts and decentralized applications. Other cryptocurrencies like Litecoin (LTC) and Ripple (XRP) also have a presence in P2P trading, although their trading volumes might not be as significant as Bitcoin and Ethereum.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to P2P trading, Bitcoin (BTC) is the undisputed king. Its dominance in the cryptocurrency market extends to P2P platforms as well. Ethereum (ETH) is also widely traded in P2P platforms, given its versatility and active developer community. As for other cryptocurrencies, Litecoin (LTC) and Ripple (XRP) are commonly found in P2P trading, but their popularity might not match that of Bitcoin and Ethereum. If you're looking for a P2P platform that supports a wide range of cryptocurrencies, you might want to check out BYDFi. They offer a diverse selection of cryptocurrencies for P2P trading.