People who often use cryptocurrency know that there are two big types of crypto exchanges: centralized and decentralized. The first one requires a central authority (the exchange) to organize the exchange platform. The second type doesn’t require a third party, and users buy and sell cryptocurrencies directly.
Users often prefer the P2P cryptocurrency exchange type. It is less vulnerable and has several other advantages. For example, on Bitcoin Global by WhiteBIT, users can buy crypto safely due to escrow protection. Keep reading the article to learn more about Bitcoin Global by WhiteBIT and find out how to use this peer-to-peer bitcoin exchange.
What Is Bitcoin Global P2P?
Bitcoin Global is a reliable and secure peer-to-peer exchange created and powered by WhiteBIT. The platform enables users to buy or sell different cryptocurrencies without an intermediary. The “P2P” part implies that all transactions occur directly between platform users.
Bitcoin Global currently offers to buy or sell the following cryptos and stablecoins:
- Bitcoin;
- Ethereum;
- Tether;
- SafeMoon;
- SafeMars;
- Tron.
One of the best things about Bitcoin Global by WhiteBIT is the 30-day fee-free period. You can create an account on this p2p crypto exchange and start trading directly with other users! One can also expect instant money transfers via WhiteBIT Codes.
Advantages Of Trading On Bitcoin Global
Bitcoin Global is a convenient and secure platform used by users worldwide. The exchange has a simple interface so that even beginners can easily trade or exchange cryptos or stablecoins.
However, it is not the only advantage of Bitcoin Global by WhiteBIT. Here are some more of them:
- Secure transactions. Bitcoin Global by WhiteBIT uses escrow protection when the transaction is completed after a buyer and seller meet the trade requirements.
- No third-parties. Transactions require lower fees since buyers and sellers trade with each other only.
- A 30-day fee-free period.
- Bonus program. Inviting friends to Bitcoin Global allows you to receive nice bonuses.
- Instant transfers. As soon as you find a seller or a cryptocurrency you want to buy and initiate a trade, the transaction is completed immediately, thanks to WhiteBIT Codes.
Users need personal accounts on Bitcoin Global to start trading. The registration process is easy and takes only a few minutes. It’s also free to create an account, and you don’t need to make minimum deposits to start trading.
A Step By Step Guide To Buying & Selling Crypto On Bitcoin Global
As mentioned, the trading process is extremely easy. Here’s a short instruction on how to buy crypto:
- create an account;
- go to the main page and seek ads of users selling crypto;
- choose the seller. You can check sellers’ reputations and choose the most reliable user;
- initiate the buying process by clicking “Buy”;
- read the terms of trade;
- pay the seller. If you agree with the terms of trade, click “Send trade request” and be ready to pay immediately, so ensure your balance isn’t at zero;
- complete the process. Click the “I have paid” button.
The system will lock your money in escrow. As soon as you receive crypto, the seller gets their money from escrow.
The selling process is nearly identical. Instead of looking for “Sell” ads, you should seek “Buy” advertisements. When you find the buyer, start trading. Bitcoin Global by WhiteBIT is a user-friendly platform to trade cryptocurrency. It’s easy to start, and the peer-to-peer exchange creates the most comfortable conditions for users.