BTM, Exchange or Peer-to-Peer?

Top Bitcoin Trading Methods Compared

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Online Exchanges

The most dominant method in the scene is the online crypto exchange platform. There are quite a few of them, and some have accompanying apps so you can access your account from your phone as well. They usually make money through deposit and withdrawal fees, as well as converting one virtual currency to another.

Peer-to-Peer (P2P) Trading

First, let’s get a basic understanding of what peer-to-peer (P2P) crypto trade is. As the name suggests, peer-to-peer trade is simply crypto trading with a verbal/digital contract between two people rather than a person and a third party. To make this method more trustworthy, each trader often gets access to the other’s trade history. This type of trade is often much more time consuming than the other two listed here.

Bitcoin ATMs

Moving on to Bitcoin ATMs, or BTMs, this type of trade is less time-consuming than either peer-to-peer or crypto exchanges. The bigger difference that sets BTMs apart from crypto exchanges is the physicality of the trade. With a crypto kiosk, you can sell your bitcoin and get your cash into your hand almost instantly.

Why so Complicated?

The common issue that ties all three of these trade options together is, sadly, confusion. When first getting into purchasing or trading cryptocurrency, nobody wants to do hours of research to understand what is actually happening to their money.

Coin Cloud Makes it Simple

Coin Cloud’s kiosks seek to solve this issue of confusion with a simple interface, and an all-day support team, ready to pick up your call. There’s no room for confusion when you can contact Coin Cloud’s support team with no extra charge.

The world’s leading operator of two-way Digital Currency Machines (DCMs), more advanced Bitcoin ATMs.

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