What is Peer-to-Peer (P2P) Trading?

Peer-to-peer trading takes place directly between two or more network participants in a decentralized, low-risk manner; often on a blockchain-based decentralized exchange (DEX) or crypto wallet. This process removes the centralized middleman allowing the users of the platform to pay minimal or zero fees to use the service. At this time, many crypto wallets are developing instant exchange within a single wallet interface that allows a user to switch instantaneously between different types of cryptocurrencies and fiat currencies. However, a lack of liquidity (for both mobile wallets and DEXs), and a small overall user-base are significant barriers for the widespread implementation of this technology.