P2P exchanges (person to person) are platforms that offer the possibility of acquiring cryptocurrencies in a very simple way. In Argentina this can be done through bank transfers with Argentine pesos (ARS).
In relation to this point, Cointelegraph en Español consulted with Eduardo Erlo, marketing manager of Status Network, about the advantages and services offered by this type of platform in the South American region.
In the case of Argentina, there has been an increase in this type of transaction with digital currencies, in this regard, and when asked about his vision regarding the increase and use of this type of transaction in the country, Eduardo Erlo stated:
“If we think long term, there is a high probability that P2P crypto transactions will grow year after year. This is how Crypto was originally designed to be, without intermediaries, people are free to do what they want with their assets, without censorship and without borders.”
When asked about the advantages of P2P operations compared to buying and selling with other types of options, Eduardo Erlo replied:
“In P2P transactions, there are no middlemen, people don’t have to worry about limits, big taxes, government reports. If we maintain basic safety precautions, it is preferable for most people.”
In addition, he spoke about the existence of platforms that offer the P2P service but that can also request information to identify users (KYC), in this regard highlighted that: “Probably the platforms do it to provide greater security and have less fraud in the operations, reducing the risks for the users. If you want to maintain your privacy and anonymity, you must ensure that the platform is not tracking your P2P transactions.
Finally, he gave some recommendations for those who want to start operating with P2P transactions:
-Only make P2P transactions with people you really trust.
-Verify the address to which you are sending your assets.
-Re-verify your address before sending someone, the amount, the type of asset, and the blockchain you are sending or receiving the assets to.
“Crypto is great and gives us a lot of privacy and freedom, but that comes with some caveats. When a transaction occurs, it is not possible to undo it.” concluded Eduardo Erlo, marketing manager of Status Network, a startup that runs on the blockchain from ethereum with multiple projects.